Kuwait

Kuwait maintains strong credit ratings with AA- affirmation, stable outlook: Report

The rating reflects minimal default risk, strong ability to meet financial obligations

Kuwait to allocate $604 million for completion of Mubarak Al Kabeer Port project

Strategic investment to transform Kuwait into regional trade hub

Kuwait’s inflation reaches 3.28 percent in January 2024

The increase was driven by rising prices in clothing, food, education

Inflation in Kuwait reaches 3.37 percent in December 2023

The Consumer Price Index in Kuwait rose by 3.37 percent

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

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

Kuwait’s Central Bank releases $776 mn worth of bonds

For a 3-month period with a return rate of 4.375 percent

Kuwait’s ministry of finance recovery efforts post major ransomware attack

Saudi, UAE hit hardest by ransomware attacks in 2021-2022

Kuwait inflation rate rises to 3.82 percent in August 

Food and beverage group prices up 5.70 percent

Kuwait awards Limak $764 million airport terminal contract

The new airport terminal is expected to cost $4.34 billion

Kuwait is outlaying nearly $6 bn to boost oil output to 3.5 mn bpd

High crude prices, today reaching $90, boosted KOC’s assets to $55 bn

Kuwait new amendment frees foreign firms from local sponsorship rule

Proposal enhances competition, service quality in the state

Kuwait economy recovers, boost in tourism predicted

Country is also poised to enjoy sustained non-oil growth

Kuwait’s expat labor force up by 7.5 percent in H1 2023

Over 30 percent of Kuwait’s new labor force entrants are Indians

MENA airlines investing in Airbus carriers amidst tourism surge

The airline's profit for the first half of 2023 reached $21 million

Kuwait is Qatar’s primary supplier of ship fuel

Kuwait has sent 3 million barrels of fuel oil to Qatar in 2023

Kuwait most affordable city in the world, survey says

The average cost of living is nearly $753

Development spending in Kuwait amounted to 665.1 mn dinars in FY22-23

Representing 50.8 percent of the 1.3 bn dinars budget allocated to 128 projects

Kuwait Airways witnesses 30 percent increase in revenues

Flight departures increased 33 percent, indicating a higher level of operational efficiency.