Kuwait

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.

Kuwait reports first budget surplus in 9 years

Budget surplus of 6.4 billion Kuwaiti dinars, amounting to $20.86 billion

Kuwait seeking to have Schengen visas be streamlined, extended for nationals

UAE nationals are exempted from needing a Schengen visa for short trips

Kuwait aims to increase oil production

Kuwait aims to solidify its position as one of the top producers within OPEC

Kuwait to invest $300 bn in energy sector until 2040

Country aims to increase oil production to 3.2 mn BPD by 2024

Kuwait the latest GCC country to provide humanitarian aid to Ukraine

Kuwait pledged $1 mn for the purchase and installation of electric generators

Kuwait seeks recognition as developed capital market

Authority implemented automated system to report electronic trading accounts

Kuwait’s Mutlaa: Mega residential project worth $103 mn

Project expected to house up to 400,000 people

Kuwait oil leak: Was production affected?

No injuries occurred as a result of the spill

Kuwait construction projects market grows in Q4 2022

Macroeconomic improvements needed to drive recovery in 2023

Kuwait on cusp of major economic upsurge

Infrastructural development, digital banking, among key drivers