Business
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Kuwaiti market sees 3.35 million daily transactions
In terms of the relative weight of transactions, direct purchases and payments through sales systems dominated, comprising 65.39% of the…
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Kuwaiti banks recover stolen funds from hackers who skipped OTP
Hacking attempts could recur unless customers quickly block their cards, highlighting ongoing risks and potential for continuous unauthorized access. Kuwaiti…
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Oil experts say major oil projects need foreign partners to succeed
Kuwait Oil Company CEO Ahmed Al-Eidan announced that the offshore project, covering 6,000 square kilometers, will begin with six exploratory…
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Kuwait’s drilling contracts hit KD 2.85 billion by March 2024
The Kuwait Oil Company leases rigs from international and local companies, with contracts lasting five to six years and options…
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Technology stands at the forefront of Markaz’s strategy
PUBLISHED IN COOPERATION WITH The Business Year (TBY) recently met with Ali H. Khalil, CEO of Kuwait Financial Centre (Markaz),…
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Kuwait grants 25 patents in just six months
January recorded the highest number of patent transactions with 1,254, followed by February with 1,046, March with 884, June with…
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Kuwait greenlights development of Sulaibikhat Bay project
The Sulaibikhat Bay project will be divided into six development zones: the Innovation Zone, the Sulaibikhat Coastal Zone, the Sulaibikhat…
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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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