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Kuwait
Kuwait
Kuwait Agility’s Q2 net profit plunges to $52 mn
Drop attributed to inclusion of results of discontinued operations
Hospitality & Tourism
India discovers 27,000 fake Kuwait visas
Victims blackmailed in exchange for their return from Kuwait
Banking & Finance
Kuwait Central Bank raises the discount rate by 25 bps
This is the second increase in discount rates in several weeks
Kuwait
Kuwait: State rent allowances exceed ‘cost’ of building a city
Annual rent allowances amount to KD 169.8 million
Kuwait
Kuwait’s HEISCO awarded $296 mn government contract
Project involve developing steam turbines at Al-Subiya power plant
Banking & Finance
Kuwait Finance House’s quarterly profit surges to $223 mn
An increase of 31 percent
Economy
Kuwait: Halting oil appointments detrimental to production plans
This might have a negative impact on the Kuwaiti economy
Economy
Kuwait is recovering thanks to oil, but politics delaying vital projects
It recorded the highest rise in inflation rates among the GCC
Energy
Kuwait sets August crude prices for Asia
Above the average of DME Oman
Hospitality & Tourism
What’s the new visit visa mechanism in Kuwait?
Wage ceiling boost ranges between 300 and 600 dinars
Kuwait
Kuwait among top countries in mobile internet speed
It scored fifth globally and third in GCC
Kuwait
Boursa Kuwait announces trading resumption on Al Ahli stocks
Al Ahli lodged a complaint with the Capital Market Authority
Banking & Finance
Kuwait’s Al Ahli approves acquisition of Gulf Bank
Meeting approved start of due diligence work on JV deal
Economy
Kuwait: Sentencing details on traffic staffer that fled with fines ‘pocketed’
The employee stole an amount of KD 68,000
Banking & Finance
Kuwaiti “Gulf Bank” starts preparation for the acquisition of “Al-Ahly”
The two banks' shares rose following 1-hr trade suspension
Banking & Finance
Kuwait’s Al Ahli, Gulf banks explore merger deal
Potential to convert into one Sharia-compliant financial institution
Economy
Kuwait records 235 tenders worth $5.9 bn in 2021
MEW claimed lion's share with contracts valued at $353.7 mn
Kuwait
Pandemic escalates digital transformation in business
Companies to prioritize emerging technologies such as AI, IoT, and Cloud
Kuwait
The shares of “Ali Al-Ghanim” company began trading on KSE
The first Gulf family car company to be publicly traded
Economy
Kuwait to address demographic imbalance in the country
Long-term strategy to address demographic imbalances in the country
Banking & Finance
Agility’s cash offer backed by UK-based John Menzies
The deal is expected to close in Q3 2022
Kuwait
Virgin Mobile launches first virtual network operator in Kuwait
Virgin Mobile Kuwait offers users a completely digital experience
Kuwait
M&As very active in Kuwait… “KIPCO” plans a move
The company, on Thursday, is looking into merging with "Al-Qurain"
Banking & Finance
Kuwait’s Central Bank issues $1.2bn worth of bonds, tawarruq
The maturity period will be 6 months, with a rate of return standing at 2%
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