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Kuwait
Economy
Kuwait’s robust financial assets, projected at 418 percent of GDP, underpin ‘A+’ sovereign rating, stable outlook: Report
The report highlighted the ongoing structural and financial reforms in the country
Energy
Kuwait new energy strategy takes off but oil still dominates
Revival of projects in the energy sector key to the country’s development
Economy
Kuwait’s non-oil private sector sees strongest growth in nearly 4 years, PMI reaches 52.4 in May: Report
The growth rates exceeded those of the post-COVID recovery in mid-2020
Economy
Moody’s affirms Kuwait A1 rating, stable outlook
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Kuwait
Kuwait International Airport witnesses over 1.06 million travelers
During March, a total of 9,950 flights operated to and from Kuwait's airport
Energy
Kuwait Petroleum Corporation launches e-commerce platform for the oil sector
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
Kuwait
Kuwait to modernize, enhance renewable energy efficiency for a zero-carbon future
Dr. Al-Otaibi highlighted Kuwait's endeavors to raise renewable energy production from 15 to 30 percent by 2030
Kuwait
Kuwait, Boeing launch technical entrepreneurship complex to empower Kuwaiti entrepreneurs
The complex enables Kuwaiti youth's access to digital systems, labs, programs
Economy
Business confidence in Kuwait’s non-oil private sector highest in nearly 4 years: PMI data
March data reveals strengthening momentum and record-high confidence levels
Banking & Finance
Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate
CBK has specified that this issuance will remain valid for a period of three months
Economy
Non-oil revenues surge 24 percent in Kuwait, narrowing fiscal deficit by $2.075 billion
Oil revenues surge by 15 percent to $53.31 billion
Economy
Kuwait maintains strong credit ratings with AA- affirmation, stable outlook: Report
The rating reflects minimal default risk, strong ability to meet financial obligations
Kuwait
Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project
Strategic investment to transform Kuwait into regional trade hub
Economy
Kuwait’s inflation reaches 3.28 percent in January 2024
The increase was driven by rising prices in clothing, food, education
Economy
Inflation in Kuwait reaches 3.37 percent in December 2023
The Consumer Price Index in Kuwait rose by 3.37 percent
Economy
Will the new Emir of Kuwait Sheikh Mishal launch his reign with a wave of reforms?
IMF expects 0.1 percent GDP growth rate this year
Economy
Kuwait: Local agent requirement lifted for foreign companies, public tenders law revamped
With overwhelming support of 57 votes in favor and only one vote against
Kuwait
COP28: Kuwait’s EnerTech launches innovative end-to-end electric mobility platform in the UAE
CHRGR's launch introduces UAE's first fully integrated electric mobility solution
Banking & Finance
Kuwait’s Central Bank releases $776 mn worth of bonds
For a 3-month period with a return rate of 4.375 percent
Economy
Kuwait approves Fourth Master Plan 2040, targeting 4 regions
Oil remains focus for 2030-2040
Kuwait
Kuwait’s ministry of finance recovery efforts post major ransomware attack
Saudi, UAE hit hardest by ransomware attacks in 2021-2022
Economy
Kuwait inflation rate rises to 3.82 percent in August
Food and beverage group prices up 5.70 percent
Banking & Finance
Kuwaiti banks expected to witness high profitability, low NPLs
Financing benefits from strong domestic deposit base
Hospitality & Tourism
Kuwait awards Limak $764 million airport terminal contract
The new airport terminal is expected to cost $4.34 billion
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