Kuwait

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

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