Thursday, March 21, 2019

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...

Kuwait backs efforts to stabilize oil market

Kuwait supports international efforts aimed at restoring balance and stability to the global oil market in a manner that serves common interests of crude...

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...

Gulf Bank digitizes records with help from Alaris

Alaris, a Kodak Alaris business, today announced that it has played a role in Gulf Bank’s digital transformation journey. The Bank has digitized 50...

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...

Reforms needed to sustain growth, future savings

Presenting his estimated state budget for fiscal year beginning in 1 April 2019, Finance Minister Nayef Al-Hajraf last week disclosed that the government would...

Kuwait content over COMCEC’s adoption of ‘easing of trade’ – Minister

Kuwait is content over adopting "easing of trade" among OIC members by COMCEC Standing Committee, said Finance Minister Nayef Al­Hajraf Wednesday. In a speech...

KPC signs agreement with UK exports entity

Kuwait Petroleum Corporation (KPC) signed Monday a Memorandum of Understanding (MoU) with the UK Export Finance (UKEF) to provide financial support within the petroleum...

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...

State Audit Bureau makes recommendations after 2017-18 account review

After reviewing state body accounts and records for the 2017­18 fiscal year, the State Audit Bureau advised increasing support for internal oversight bodies, encouraging...

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