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...

Kuwait government says keen on equality among citizens regarding loans

The government of Kuwait reaffired Monday keenness on enforcing justice and equality among all citizens, while also preventing any measure that would undermine the...

Ferrero Gulf and Al Bustan Al Khaleeji form Joint Venture to tackle Kuwait market

Could you please elaborate on the new Joint Venture with Al Bustan Al Khaleeji and Ferrero in the Kuwait market? This is a strategic...

Kuwait commerce Minister calls for updating economic laws

Kuwait's Minister of Commerce and Industry Khaled Al­Roudhan on Wednesday affirmed necessity of updating economic laws for boosting investments including small enterprise. The minister said...

Oil slips on economic slowdown, but OPEC-led cuts still support

Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts...

Bourse Chairman pleased with MSCI promotion

Chairman of Boursa Kuwait Company Hamad Al-Homaidhi has described Boursa Kuwait's promotion to an emerging market by Morgan Stanley Capital International (MSCI) as an...

Kuwait announces plan for $200 million tech investment fund

Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh...

Adeeb Ahamed given nomination to CWEIC Global Advisory Council

Adeeb Ahamed, MD, Twenty14 Holdings,  shakes hands with Lord Marland of Odstock, Chairman of Commonwealth Enterprise and Investment Council (CWEIC) in London. Adeeb Ahamed...

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...

KNPC executes its 2nd largest venture at US$1.4 billion

The fifth gas liquefaction unit is the second largest venture launched by Kuwait National Petroleum Company (KNPC), the company said in a press release...

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