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...

KIA one of the biggest investors in China

Kuwait is one of the biggest foreign investors in the Chinese investment market, said the Head of Kuwait Investment Authority’s (KIA) China office, Abdulrazzak...

Eurofighter to put Kuwait at front-end of fighter technology

The first Instrumented Series Production Aircraft (ISPA 6) equipped with the Kuwait Air Force configuration successfully completed its first flight on 23 December. A contract...

OPEC production cuts pave way for “stable” oil prices, says minister

OPEC's decision to cut an extra 500,000 barrels of oil a day from the global market is likely to create a positive ripple effect...

Bahrain, China, fund to invest in high-tech ventures

The first partnership fund to be established under Bahrain’s new Investment Limited Partnerships Law, will see Al Salam Bank-Bahrain (ASBB) partnering with China-based MSA...

Three Gulf ladies make it on world’s powerful women list

Forbes' World's 100 Most Powerful Women list names three women from the Gulf in this year’s lineup. Raja Easa Al Gurg and Renuka Jagtiani from...

Airlines in Middle East expect to cut losses in 2020

Following what could be termed a lackluster 2019, when airlines in the Middle-East ran up a total of $1.5 billion in losses, the industry...

Second causeway to link Saudi Arabia and Bahrain

A consultancy agreement worth nearly $9 million was signed last week between the King Fahd Causeway Authority and a consortium comprising of KPMG, AECOM...

Kuwait official predicts three billion dollars inflow into Kuwait bourse

Minister of Commerce and Industry (MoCI) Khaled Al-Roudhan said on Thursday upgrading Boursa Kuwait by Morgan Stanley Capital International (MSCI) Index would help in...

World’s tallest hotel to open in Dubai

The world's tallest hotel is coming up in Dubai Marina. When it opens by early 2023, the Ciel in Dubai Marina will reach a...

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