Gulf Bank digitizes records with help from Alaris
Alaris, a Kodak Alaris business, today announced that it has played a role in Gulf Bank’s digital transformation journey. The Bank has digitized 50...
Oil analysts: price might reach US$100 in regional war scenario
As geopolitical tension grips the region, the price of oil, especially the Brent crude, is expected to hover around US$70 per barrel with the...
Competition law set to pass through Kuwait’s parliament – Minister
A new competition law pending approval by lawmakers will be referred to parliament for its upcoming session, said Kuwait's Minister of Commerce and Industry...
Joint zone production to be restored by end 2020
Kuwait, Saudi Arabia and the United Arab Emirates together account for over 53 percent of the output by the 14-member Organization of Petroleum Exporting...
GCC utility subsidies unsustainable
A recently published report has shown that the prevailing electricity pricing policy in the Gulf Cooperation Council (GCC) states is unsustainable and skewed against...
Kuwait oil price dips to USD 19.74 pb, global future contracts up
The price of Kuwaiti oil went down by USD 1.46 to USD 19.74 per barrel Wednesday after being at USD 21.20 pb the day...
US economy shrinks at 4.8 per cent pace, signaling start of recession
Current quarter is likely to be worse, with economy expected to tumble by a record amount
The record-long US economic expansion is over after almost...
Nine banks to suffer KD 341.2m in losses due to suspension of loans and...
Nine local banks say they expect losses estimated at KD 341.2 million as a result of decision to defer payment of installments on consumer...
Kuwait gets first Moody’s downgrade over ‘Liquidity Risks’
Kuwait was downgraded for the first time by Moody’s Investors Service, a decision the ratings agency said reflects the increase in the government’s “liquidity...
Be the First to Own the Samsung Galaxy S21 Series 5G in Kuwait
Samsung Gulf Electronics has announced that pre-orders for devices part of the next-generation Galaxy S21 Series 5G are now available for brand enthusiasts across...
