Kuwait announces plan for $200 million tech investment fund
Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh...
Standard and Poors forecasts stability for Kuwait’s economy
The government of Kuwait will remain in a substantial net asset position over the medium term, which should provide a safety buffer against external...
Banking sector buttresses economy as oil roils
Oil prices have a significant influence on market sentiment in Kuwait; a buoyancy witnessed in the market when oil prices climb, sinks with every...
Kuwait current account posts nearly USD 7 bln worth of surplus
Kuwait's current account posted KD 2.1 billion (USD 6.9 billion) worth of surplus in third quarter of 2018, the Central Bank of Kuwait (CBK)...
Partly, fully-owned Kuwaiti firms in Qatar worth USD 706 Minister – Official
Around 400 businesses partly and fully owned by Kuwaiti firms currently operate in Qatar amassing a total KD 214 million (USD 706 million) in...
Kuwait commerce ministry says exports surged to KD 2 mln last month
Kuwait's exports rose by KD two million (USD 6.565 million) in December, as compared to the previous year, the ministry of commerce and industry...
Kuwait early retirement bill has many benefits – Finance Minister
Kuwait Finance Minister Dr. Nayef AlHajraf said Sunday a draft law at the parliament over early retirement included seven new benefits, and would not...
Kuwait 49th among 109 states in luring investments – Authority
Kuwait is in the 49th rank among 109 businesslucrative states globally, says a leading entrepreneur. The Gulf country had lured USD 15.2 billion worth...
Oil producers to cut output by 2-3 percent – UAE official
UAE Minister of Energy Suhail AlMazroui said on Sunday that oil output by OPEC producers would be cut by three percent, and two percent...
Foreigners can own, trade local bank shares in Kuwait
The Kuwaiti Ministry of Commerce and Industry has issued a decision allowing foreign investors to own and trade in Kuwaiti banks’ shares. But the...
