News From Kuwait
Kuwait has drawn up a roadmap for financial and economic reforms in a bid to upgrade the country?’s sovereign credit rating, a minister said on Thursday.Kuwait?’s Supreme Council for Planning and Development, in conjunction with other state bodies inc…
Read MoreCommerce ministers from across the Gulf Cooperation Council (GCC), including Kuwait, came together via video call on Thursday to examine how the region can bounce back from coronavirus-induced economic stagnation.The talks, with Kuwaiti Commerce Minist…
Read More– Kuwait Business Council in Dubai (KBC) on Wednesday took part in the virtual meeting of the Global Business Councils that includes delegations of 31 countries.The KBC’s participation in the gathering aimed at reviewing experiences during the coronavi…
Read More– Kuwait’s Ministry of Commerce and Industry (MoCI) said they shut down four establishments by direct administrative order, including two stores containing 154 laptops for a company with the intention to monopolize the sets and raise prices.In a statem…
Read MoreThe Ministry of Commerce has cracked down on computer dealers who stacked up to 150 laptops in a warehouse with the intention to monopolize the sets and raise prices.The ministry said in a statement on Tuesday that the warehouse was shut down, followin…
Read MoreThe Central Bank of Kuwait announced on Monday that they issued KWD 200 million (about USD 660 million) worth of bonds and tawarruq.CBK said in a statement to KUNA that the three-month issue period has a return rate of 1.250 percent.On September 14, C…
Read More— The price of Kuwaiti oil rose USD 1.99 during Wednesday?’s trading to end the day at USD 41.89 per barrel (pb) compared with USD 39.90 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said Thursday.The price of benchmark Brent crude went up by USD …
Read MoreKuwait’s trade surplus with Japan plummeted 77.5 percent from a year earlier to JPY 13.4 billion (USD 127 million) in August, down for the fifth consecutive month on sluggish export performance, government data showed Wednesday.But Kuwait stayed in bla…
Read More) — Secretary General of the Supreme Council for Planning and Development (SCPD) Dr. Khaled Mahdi said total number of projects included in the annual 2019-20 development plan amounted to 135, as opposed to 132 ventures in the 2018-19 fiscal year.This…
Read MoreThe Central Bank of Kuwait (CBK) announced Monday issuing KD 290 million (USD 957 million) worth of bonds and tawarruk.In a statement to KUNA, CBK said that the maturity period is three months with a rate of 1.250 percent.Late July, CBK issued bonds an…
Read More– Minister of Finance Barrak Al-Shaitan and Secretary General of the Gulf Cooperation Council (GCC) Dr. Nayef Al-Hajraf discussed economic issues facing the Gulf states on Sunday.The two sides also discussed means of tackling economic difficulties caus…
Read More– Minister of Commerce and Industry Khaled Al-Rodhan and Secretary General of the Gulf Cooperation Council (GCC) Dr. Nayef Al-Hajraf discussed boosting cooperation between the Gulf states on Sunday.The meeting also discussed joint GCC economic efforts …
Read MoreValue of certificates of origin for non-oil Kuwait exports rose 11 percent in August compared to the same month of 2019, said the Kuwait Ministry of Industry and Commerce on Sunday. A statement by the Ministry said that the number of certificates of or…
Read MoreKuwait Credit Bank said on Saturday that it has achieved net profits of around KD 72.5 million (USD 239 million) in the 2019-20 fiscal year – an increase of KD 12.9 million dinars (USD 42.5 million dollars) from the previous year.The state institution…
Read MoreThe price of Kuwaiti oil went down by 47 cents to USD 39.95 per barrel (pb) on Friday in contrast with USD 40.42 pb last Thursday, said the Kuwait Petroleum Corporation (KPC) Saturday.The price of the Brent crude went down by 23 cents to USD 39.83 per …
Read MoreThe price of Kuwaiti oil went up by 23 cents to USD 40.42 per barrel Thursday after it was at USD 40.19 pb the day before, said the Kuwait Petroleum …
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