KPC working to mitigate coronavirus impact on oil markets
Deputy Board Chairman of Kuwait Petroleum Corporation (KPC) Hashem Hashem said workers in oil sector exert praiseworthy efforts around the clock to ensure supplies...
Kuwait announces 1st shipment from divided zone in the last 5 years
Kuwait will export first shipment of Al-Khafji crude oil from the divided zone for the first time since five years ago, Oil Minister Dr....
Business drops by 95%, Al Shaya Group begins cutting costs
Several businesses in Kuwait have begun feeling the pinch as a result of the measures taken by the government to contain the spread of...
Kuwait industrial sector capable of supporting development – KIU Chairman
Chairman of Kuwait Industries Union (KIU) Hussein Al-Kharafi said Thursday Kuwait industrial sector was capable of pushing the development process and supporting the national...
No compensation for corporate company losses, soft financing to those affected
The cabinet decided during its meeting today not to compensate companies that were directly affected by the repercussions of the Coronavirus which has paralyzed...
Gulf Bank approves 11 fils per share as cash dividends for FY ’19
The Gulf Bank of Kuwait's general assembly has approved the distribution of 11 fils per share as cash dividends for the fiscal year 2019....
Global economy may bounce back in six months, assures Kuwait experts
The world economy is likely to recover within six months' time, with oil prices bouncing back to USD 40 a barrel by the end...
Kuwait oil down to USD 24.33 pb
Kuwait oil price went down USD 1.93 to settle at USD 24.33 a barrel on Monday, compared with USD 26.26 last Friday, Kuwait Petroleum...
Low oil prices causes drop in S&P Kuwait’s rating but stable economic outlook
Standard and Poor's lowered Kuwait's Rating to (AA-) from (AA) due to low oil prices given the country's high reliance on hydrocarbon exports and...
Oil markets slump amid coronavirus chaos
Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook...
