Saturday, May 25, 2019

Foreigners can own, trade local bank shares in Kuwait

The Kuwaiti Ministry of Commerce and Industry has issued a decision allowing foreign investors to own and trade in Kuwaiti banks’ shares. But the...

State Audit Bureau makes recommendations after 2017-18 account review

After reviewing state body accounts and records for the 2017­18 fiscal year, the State Audit Bureau advised increasing support for internal oversight bodies, encouraging...

Kuwaiti industrial official: Global industrial events important opportunity to promote nat’l products

Director of the Promotion and Export Opportunities Department in the Kuwaiti 'Public Authority for Industry' Hammad Al-Zu'bi stressed on the importance of participating in...

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...

Mergers to meet changing economic environment

The recent spate of mergers and news of intended mergers among financial institutions in the six-nation Gulf Cooperation Council (GCC) bloc is being welcomed...

Oil price vagaries impact Kuwait economy

The 1.2 million barrels-per-day (b/d) cut in oil production instituted by the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC countries from January...

Kuwait Finance Minister urges retirees’ experience to be tapped

Kuwaiti Minister of Finance Nayef Al­Hajraf said on Monday it is imperative for the society to revise its negative attitude towards the retirees, and...

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...

Digital economy has become basic foundation of global economy

Digital economy has become one of the most important and mostly used applications nowadays to the extent that it has turned into a basic...

Oil price fixed at US$70 pb till year’s end – analyst

The price for a barrel of crude oil in the global market is expected to remain at USD 70 until the end of the...

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