Thursday, March 21, 2019

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...

Kuwait Finance Minister urges retirees’ experience to be tapped

Kuwaiti Minister of Finance Nayef Al­Hajraf said on Monday it is imperative for the society to revise its negative attitude towards the retirees, and...

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