UAE to invest $23 billion in Indonesia

Indonesian President Joko Widodo arrived in the UAE capital Abu Dhabi last week in a visit aimed at strengthening the extensive ties between Indonesia...

Qatar ranked first in food security in Arab world

Concerted efforts by the government and private sector has bolstered Qatar’s strategic position in the food security field, with the country being ranked first...

Standard, Poor’s keeps Kuwait credit rating at AA with stable outlook

Standard and Poor's (S&P) on Friday kept Kuwait's credit rating at (AA) with a stable outlook. S&P released a report about the credit rating...

CBK receives membership invitation from Bank for International Settlements

The Bank for International Settlements (BIS) announced Tuesday that its Board of Directors has decided to invite the Central Bank of Kuwait to become...

Kuwait trails foreign investments in the region

Kuwait, along with other Gulf Cooperation Council (GCC) states, is keen to attract Foreign Direct Investment (FDI) and leverage it to help diversify the...

Gold prices to highest levels due to geopolitical tensions

Gold prices reached highest levels in nearly seven years, recording about USD 1,580 an ounce, the highest since April 2013, supported by increased demand...

Oil price trends largely hinge on how Iran-US crisis is tackled

Current geopolitical conditions in the Gulf region namely mounting tension between the United States and Iran are expected to lead to rising oil prices,...

Kuwait, Qatar sign long-term LNG agreement

Kuwait Petroleum Corporation (KPC) and Qatar Petroleum entered into a long term Sale and Purchase Agreement for the supply of up to three million...

Oman launches new Foreign Investment Law

On 2 January, the Sultanate of Oman’s new Foreign Investment Law came into force offering, several incentives and expanding the number of investment sectors...

Saudi chickens to feature on KFC menu

The world’s largest chicken restaurant, Kentucky Fried Chicken (KFC), is to source its chicken from local poultry farms in Saudi Arabia. The partnership agreement, signed...

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