Business
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10% active institutions steer market direction
According to statistics obtained by Al-Rai, 983 Kuwaiti and foreign institutions control the direction of most of the funds flowing…
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Public Authority sparks private sector growth in cities, industrial zones
The law allows the Public Authority for Industry to establish industrial projects that are important to the national economy and…
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Kuwait’s exports to China soar to $495.46 million in February
The value of imports from China to Gulf countries in February amounted to about $8.58 billion While Saudi Arabia accounted…
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Kuwait commerce minister: No carton exports for 3 months
Minister of Commerce and Industry and Chairman of the Public Industries Authority Abdullah Al-Joan on Monday declared the banning of…
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Easing foreign ownership rules to turbocharge Kuwait’s financial strength
In 2023, Kuwait surged 26 places on the Global Financial Centers Index compared to 2022, showcasing significant improvement as its…
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BlackRock explores cooperation with Kuwait Investment Authority
Kuwait Investment Authority owns the sixth-largest sovereign fund globally and the third-largest in the Arab world BlackRock, the largest asset…
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Nuwaiseeb Free Zone targets 500 local and foreign companies
The Nuwaiseeb Free Zone project comprises the establishment of 50 factories for light and manufacturing industries. The project will feature…
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Filipino workers’ Gulf remittances up 4.46% to $435.89 million in January
Remittances from the Gulf Cooperation Council countries constituted 15.37% of the total remittances from Filipino workers globally in January 2023,…
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Kuwait banks boost non-resident credit to 4.17 billion dinars by January-end
Deposits from non-residents in Kuwaiti banks amounted to approximately 9.1 billion dinars by the end of January 2024 Foreign bank…
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Kuwait to install 3 new internet cables to bolster connectivity
The capacity of the three land cables is about 3,830 gigabits per second, including the total capacity of the Saudi…
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