Business
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Gulf banks thrive amid global interest rate cut worries
The US Federal Reserve’s delay in cutting expected interest rates is increasing the profitability of Gulf banks this year, as…
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Kuwaiti business sector boosted by KD 800 million in credit facilities
Credit facilities for the business sector have surged this year, fueled by the state’s KD 2.3 billion capital expenditure approval…
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McDonald’s sales fall globally for first time in over three years
McDonald’s has reported its first drop in global sales in over three years as inflation-weary consumers seek out cheaper options…
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Kuwait secures $268 million in contract awards for June
The Middle East and North Africa region recorded around $29.9 billion in contract awards signed in June, with Saudi Arabia…
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Kuwait witnesses sharp rise in oil production costs
Despite the increase in production costs, the volume of Kuwait’s oil production declined from 2.693 million barrels per day in…
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Kuwait’s trillion-dollar sovereign fund claim inaccurate, reveals Al-Shall
The real challenge facing the Kuwaiti economy is not the abundance of resources but rather achieving optimal use of them,…
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Four major hurdles stalling private sector investment in Kuwait’s tourism
While Kuwaiti private sector has the potential to invest in the tourism industry, the country needs increased investment in infrastructure…
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Ministry ready to seal deal for 30 MW solar power plant in Jahra
The $85 million project involves building a 30-megawatt solar power plant, installing panels and transformers, and setting up safety systems…
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Kuwait’s non-oil exports slid slightly in June
The total value of locally produced goods exported to global markets reached KD 21.7 million in June, marking a decrease…
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Kuwait’s projects market reaches $189 billion
Kuwait ranks fifth in GCC projects market despite a modest 0.4% decline in the projects index. Saudi Arabia ranked first…
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