Kuwait

Kuwait’s real estate market reports $300.86 million in transactions, 14 percent rise week-over-week

The surge is equivalent to an additional KWD13 million compared to the previous week's trading value of KWD79 million 

Kuwait sees deficit of $5.23 billion in FY 2023/24 despite non-oil revenue growth

The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion

Kuwait’s inflation slows to 2.8 percent in June, lowest since 2020, as food and rent costs cool

Price rises in the food & beverages sub-component eased to a still-elevated 5.6 percent down from 6.1 percent in May

Kuwait announces massive oil and gas discovery estimated at 3.2 billion barrels

This discovery has raised hopes of finding additional hydrocarbons to boost the country's energy resources

Kuwait’s GDP falls 4.4 percent in Q4 2023 on oil sector contraction: Report

Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations

Google Cloud opens new offices in Kuwait to drive transformation, accelerate smart economy

Cloud technologies' annual economic impact in Kuwait could reach up to $29.8 billion by 2030

Kuwait projects $61.7 billion budget revenues over next four years

Kuwait needs economic reforms for fiscal sustainability and diversifying non-oil revenues, says Minister

Employment in Kuwait’s non-oil sector grows at the fastest pace since 2018 in June: PMI

New business from abroad also contributed to the rise in total new orders to the highest in seven years

Abu Dhabi ranks as world’s safest city, tops GCC in quality of life index

In a list of 311 cities, Abu Dhabi has ranked highest on the safety index (88.2) and lowest on the crime index (11.8)

Kuwait Petroleum International acquires 50 percent stake in Italy’s Ecofox

Acquisition marks a key milestone in KPC's Energy Transition 2050 strategy

Kuwait Central Bank issues bonds, tawarruq worth $782.8 million

In a statement, CBK explained that the issuance period is three months, with a return rate of 4.375 percent

Output at Kuwait’s fully operational Al-Zour refinery reaches 615,000 barrels per day

Al-Zour refinery boosts Kuwait's total refining capacity from 800,000 bpd to over 1.415 million bpd per day

Kuwait’s construction sector bank financing rises by $400 million in April

Kuwait's construction sector to grow to $13.94 billion in 2024

Kuwait new energy strategy takes off but oil still dominates

Revival of projects in the energy sector key to the country’s development

Moody’s affirms Kuwait A1 rating, stable outlook

Solid budget and financial buffers, but reforms needed to reduce oil dependence

Kuwait International Airport witnesses over 1.06 million travelers

During March, a total of 9,950 flights operated to and from Kuwait's airport

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 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, Boeing launch technical entrepreneurship complex to empower Kuwaiti entrepreneurs

The complex enables Kuwaiti youth's access to digital systems, labs, programs

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

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