Business
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Kuwait market gains global weight as Norway Wealth Fund deepens investments
Norway’s sovereign wealth fund, the world’s largest by assets under management, further expanded its footprint in the Kuwait Stock Exchange…
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Lukoil to sell overseas assets to Carlyle amid US sanctions
Lukoil, Russia’s second-largest oil producer, announced on Thursday that it has agreed to sell its overseas operations, managed through Lukoil…
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Egyptian company expands regional footprint with first drilling deal at KOC
The Egyptian Drilling Company (EDC) has secured a new contract in Kuwait to operate a 1,500-horsepower drilling rig for Kuwait…
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Real estate boom continues, 2026 outlook supported by new laws and easing rates: NBK
Real estate sales in Kuwait reached an all-time high of approximately 4.4 billion dinars in 2025, supported by strong activity…
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Private housing drives Kuwait’s real estate surge in January 2026
Kuwait’s private housing sector has started 2026 on a strong note, outperforming the investment, commercial, and industrial sectors in terms…
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Consumer spending and bank lending in Kuwait see mixed trends in 2025
Official data for 2025 show that the total value of transactions through ATM cards, points of sale (POS), and online…
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Kuwait set for major overhaul of small projects fund to boost SME growth
Thirteen years after its launch, Kuwait’s National Fund for the Care and Development of Small and Medium Enterprises is preparing…
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Kuwait approves 999.85 mln-dinar contract with Chinese major sewage treatment plant
Kuwait’s Central Agency for Public Tenders has approved proceeding with direct contracting between the Ministry of Public Works and China…
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KPC awards contracts for 24 drilling rigs worth 294.7 million dinars
The Higher Procurement Committee of Kuwait Petroleum Corporation (KPC) and its subsidiaries has approved the awarding of tenders for the…
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Kuwait tops Gulf markets as preferred destination for local investment funds
Local investment companies have allocated approximately 60 percent of the weight of their portfolios and investment funds invested in Gulf-listed…
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