Business
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Local banks’ credit balances surge to record 54.37 billion dinars
Loans to Kuwaiti citizens and residents rose by 68 million dinars in the first two months of 2024, reaching a…
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Government, public deposits in local banks jump 16.6% to 11.44 billion dinars in 12 months
The private sector held the largest share of deposits in local banks, totaling 37.62 billion dinars until February 2024 The…
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Kuwait’s residential real estate market sees 2023 decline in transactions
The report noted a 42% decline in real estate transactions in private residential areas in Al-Ahmadi Governorate, with the Sabah…
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Petroleum Corporation’s 10-month profits soar to 1.86 billion dinars
High-level oil sources revealed to Al-Rai newspaper that the consolidated net profits of the Petroleum Corporation until the end of…
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Zajil Telecom, a Kalaam Telecom Group company, signed a strategic partnership with Iraqi Informatics & Telecommunication Public Company to create an alternate route for operators to connect the GCC into Europe via Iraq
Zajil Telecom (Zajil Telecom, a wholly owned subsidiary in Kuwait of Kalaam Telecom Group), signed a long-term strategic agreement with…
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Singapore tightens rules for expat workers with an eye on local discontent
One of the world’s most open economies is attempting a delicate balancing act. On the one hand, the Southeast Asian…
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Steer clear of common credit card blunders to stay informed
It’s important to read the terms and conditions before using a new credit card because some cards may have hidden…
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Gold shines bright, hits record high of $2,400 per ounce
Amid rising global geopolitical tensions, gold solidifies its status as a safe haven for investors and central banks. Friday saw…
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Crude oil reigns as world’s top-traded commodity
The world’s top 10 oil exporting countries together represent nearly three-quarters of global oil exports in 2022 Saudi Arabia topped…
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Kuwait’s business boom: 2,620 specialized companies established in just four months
694 specialized companies were established in January, up from 479 in December 2023, marking a significant rise of 215 firms…
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