News
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MAGRABI retail group to acquire leading Kuwaiti retailer Kefan Optics
MAGRABi Retail Group, the Middle East’s leading eyewear retailer, announces the proposed acquisition of 100% of the issued share capital…
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Crown Prince receives Microsoft Executive VP Judson Althoff at Bayan Palace
His Highness the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah received Microsoft Executive Vice President and Chief Commercial Officer Judson…
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Saudi delegation gets firsthand knowhow of AI-powered traffic monitoring technologies
A security delegation from the Kingdom of Saudi Arabia visited the Security Operations Department of Kuwait’s General Traffic Department on…
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Customs, CID men foil attempt to smuggle kerosene and diesel out of Kuwait
The General Administration of Customs, in coordination with the General Department of Criminal Investigation, successfully thwarted an attempt to smuggle…
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CMA pushes market modernization; judicial powers assigned to staff
Imad Tifouni, Chairman of the Board of Commissioners of the Capital Markets Authority (CMA), has issued Resolution No. 92 of…
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Investcorp to participate in $550 mln expansion of Duqm Port in Oman
Investcorp, the Middle East’s largest alternative investment firm, announced on Monday that it has entered into an agreement to participate…
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4 bedoun in police custody following major drug bust
The Ministry of Interior announced on Sunday the arrest of four bedoun found in possession of significant quantities of narcotic…
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Kuwait plans to borrow up to 6 bln dinars to fund projects
Faisal Al-Muzaini, Director of the Public Debt Department at the Ministry of Finance, announced that Kuwait plans to borrow between…
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Gulf inflation up 1.7% in 2024, still below EU and major trade partners
The Statistics Center of the Gulf Cooperation Council (GCC-Stat) announced that the annual inflation rate across GCC countries rose by…
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Kuwait braces for dust storms, scorching heat
Kuwait is currently experiencing the impact of active northwesterly winds that are expected to exceed 60 kilometers per hour, leading…
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