Friday, May 24, 2019

Kuwait bourse privatisation crucial to attracting investments – Minister

Kuwait stock exchange's recently ­agreed partial privatisation is an important step towards attracting and boosting investments in the local financial market, a minister said...

Kuwait ranks 1st among GCC companies in Dubai – Report

Kuwaiti companies' branches ranked first in Dubai among its GCC counterparts, a report by the Department of Economic Development (DED) here said Wednesday. Kuwaiti businesses...

Kuwait Petroleum is said to reassess $500 billion spending plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units...

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...

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...

Twenty14 Holdings marks entry into Switzerland with new IntercityHotel Zurich Airport

Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based LuLu Group International, has entered into a forward purchase contract with Swiss real-estate developer...

Kuwait GDP climbs in Q3, 2018 – NBK

Kuwait's gross domestic product (GDP) rose 1.8 percent on annual basis in Q3 2018, the National Bank of Kuwait (NBK) said in a report...

Growth to falter as oil output cuts take effect

Home to the sixth-largest oil reserves in the world and the seventh-highest crude oil exports, Kuwait’s economic well-being is overwhelming tied to global oil...

Report: Connection between food loss, hunger, consumer demand, climate

The world economic forum WEF on Wednesday released a new report to trace hidden connection among food loss, hunger, consumer demand and climate change....

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...

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