Business
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Warba Bank acquires Al-Ghanim Group’s 32.75% stake in Gulf Bank
• The deal marks a pivotal step in Qutayba Yousef Ahmed Al-Ghanim Group’s efforts to redirect its investments and provides the…
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Kuwait extends deadlines for $2 billion oil projects
Contractors are anticipating notable extensions to the bidding deadlines for two major oil projects in Kuwait, which are collectively valued…
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Real estate transactions soar by 34% in 2024, reaching KWD 3.73 billion
Kuwait’s real estate market showed strong resilience last year despite challenges faced by certain sectors. Demand for real estate is…
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“Justice Ministry” reports 4,950 properties worth 3.7 billion dinars traded in 2024
Statistics from the Real Estate Registration and Documentation Department at the Ministry of Justice revealed that 4,950 real estate contracts…
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‘KSE’ records 222 million dinars in foreign net purchases
The Kuwait Stock Exchange witnessed strong confidence from foreign investors in the favorable opportunities across all market sectors, evident in…
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Gulf States poised to become central players in renewable energy sector
The Arabian Gulf Business Insight website reported that the current oil price is lower than what Gulf countries require for…
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‘SHEIN’ and ‘TEMU’ dominate Kuwaiti e-commerce with 28,000 daily Orders
Al-Qabas reported that the Chinese e-commerce platforms SHEIN and TEMU are gaining significant business in Kuwait, with SHEIN delivering about…
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Kuwait Stock Exchange bids farewell to 2024 with 3.3 billion dinars in gains
The Kuwait Stock Exchange bid farewell to 2024, with impressive gains of approximately 3.3 billion dinars, as the market value…
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Kuwait’s Central Bank imposes financial limits on cards and payment transactions
The Central Bank of Kuwait has issued a circular to all local banks outlining new financial limits for bank cards…
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Multinational companies shift focus to Gulf countries for growth opportunities
The Gulf States have begun adopting a global minimum corporate tax of 15%, yet strategic incentives continue to attract multinational…
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