Business
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Spending on allowances in Kuwait skyrockets 103% in just three years
The budget allocated significant sums for allowances, including KD 295 million for the nature of work allowance, a 21% increase…
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UPAC secures 17-year contract for Al-Messilah Beach project
• Nadia Aqeel, CEO of UPAC, highlighted the project’s potential to boost Kuwait’s tourism sector and expand family entertainment options.…
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Al Muzaini Exchange Company expands presence with new branch in Sulaibikhat
Al-Muzaini Exchange Company, the premier money exchange company in Kuwait, proudly announces the grand opening of its latest branch in…
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Boubyan Bank reports net profit increase to KD 50 million in H1
Boubyan Bank’s net profit surged by 20% in H1 2024. Operating profit reached KD 61 million and total assets grew…
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KOC aims for drilling rig expansion by FY 2025/2026
Current rigs in Kuwait include 86 for drilling and 86 for maintenance and enhancement. The planned increase includes 114 drilling…
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National Fund to resume SME financing after COVID-19 hiatus
The National Fund held several meetings with specialized bodies, including the Union of Investment Companies, to discuss the optimal methods,…
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Experts Urge Rapid Development Amid Decline in Kuwait’s Reserve Liquidity
Fahad Al-Shariaan, former Minister of Commerce and Industry, emphasized the importance of providing opportunities for the private sector to participate…
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Kuwait targets financial stability with KD 24.5 billion budget fix, says Al-Mudhaf
Dr. Anwar Al-Mudhaf, Minister of Finance and Minister of State for Economic Affairs and Investment, stated that Kuwait is currently…
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Kuwait, UAE ink deal on double taxation, tax evasion
The Kuwait-UAE agreement covers residents of either nation and allows income earned from property in one country to be taxed…
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Kuwait’s new decree-law boosts global tax information exchange
The new decree-law requires every person to comply with the request for information and provide it to the competent authority…
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