Oil to continue sustaining economy

To build a sustainable and competitive economy, Kuwait must overcome the challenges posed by over-reliance on hydrocarbon assets and look at diversifying its revenue...

Oil Minister affirms deep rooted oil relations with Vietnam

Kuwaiti Minister of Oil, Electricity and Water Dr. Khaled Al-Fadhel affirmed on Wednesday, the deeply rooted relations in field of oil shared between Kuwait...

Kuwaiti experts state banking shares’ trading stable

Kuwaiti economists described the trading of shares in the banking sector enlisted in Boursa Kuwait as "stable" and most committed to seasonal disclosure. In...

Locally grown COFE app partners with American Express

Kuwait based COFE app, the country’s favorite online coffee marketplace app, recently announced their partnership with American Express Middle East (AEME), the world class...

Jet Airways’ $3billion debt scares away potential investors

Plans for the resurrection of India’s Jet Airways was dealt a fresh blow on Monday as two potential investors backed out of injecting any...

Saudi Aramco to buy a 20 percent stake in Reliance oil refinery

The highlight of the 42nd annual general body meeting of Reliance Industries on Monday was the announcement by the Chairperson Mukesh Ambani that Aramco,...

Can America and China avoid a Currency War?

China’s currency, the renminbi, weakened slightly against the dollar at the start of this week. Around the world, the immediate response was panic. Financial markets...

World’s richest lose $117 billion in one day market meltdown

The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as US stocks plunged in their biggest drop this...

US stocks post worst day of the year after China devalues its currency

A dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off in markets on Monday. The Dow closed down 767...

Kuwait central bank: Money supply at US$128 billion

Money supply (M2) rose two percent in June on monthly basis recording KD 38.9 billion (US$ 128 billion), the Central Bank of Kuwait (CBK)...

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