Business
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Car sales in Kuwait to go cashless for transactions over 1,500 dinars
There are ongoing discussions between Eng. Omar Al-Omar, the Minister of Commerce and Industry, and Basil Al-Haroun, the Governor of…
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Kuwait’s currency circulation reaches KD 1.9 billion
By the end of July, the value of circulating 20 dinar banknotes was approximately KD 1.08 billion, down from KD…
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Kuwait plans $17.6 billion power generation, distribution project expansion
The Ministry of Public Works opened bids in July for the re-tendered wastewater treatment plant project in South Al-Mutlaa, which…
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Kuwait Stock Exchange rebounds, liquidity drops to KD 47.5 million
Of 129 traded shares, 90 gained, 34 lost, and 5 were unchanged. The Premier Market Index rose 0.84% to 7688.80…
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Financial deficit drives Kuwait to pursue major reforms
Kuwait is facing mounting pressure on its public finances due to falling oil revenues, rising spending commitments, and a struggling…
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Kuwaiti non-oil exports surge 10.6% to KD 24 million in July
The Ministry of Commerce and Industry issued 366 certificates of origin to ten Arab and Islamic countries in July, valued…
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Nikkei down 13%, European shares near six-month lows
Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 “Black Monday” loss, as fears of…
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Kamco Invest, the home-grown regional non-banking leader
PUBLISHED IN COOPERATION WITH The Business Year (TBY) recently met with CEO of Kamco Invest, Faisal Mansour Sarkhou, who elaborated…
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Gulf Bank, Boubyan Bank approve merger study for new Islamic entity
• With combined assets totaling KD 16.32 billion, based on first-half 2024 data, the merger between Gulf Bank, Boubyan Bank…
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Citizens, residents purchase 8.2 tons of gold in first six months of 2024
Kuwait’s gold purchases dropped by approximately 1.4 tons in the first six months of 2024, which represents a 14.58% drop…
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