Wizz Air prepares to take-off from Abu Dhabi

Yet another low-cost airline is poised to take to the skies over the region. Abu Dhabi Developmental Holding Company (ADDH), the state-owned enterprise of...

Saudi Arabia budget expenses cross trillion riyals

Announcing a 1.02 trillion riyal spending in the annual budget for 2020 last week, Saudi Finance Minister Mohammed al-Jadaan said expenditure was on the...

Faith Capital invests in JUSTMOP as GCC’s $2.5 billion home cleaning services booms

Kuwait-based venture capital fund Faith Capital Holding has announced a strategic investment in the most recent financing round for Justmop, the Dubai-based on-demand cleaning...

OPEC, non-OPEC to raise production-cuts

Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, who have been maintaining sustained oil production cuts since 2017, agreed during their meeting last...

Economic growth in Kuwait to rebound in 2020

Economic growth rate in Kuwait could fall to 0.4 percent in 2019 before rebounding to 2.2 percent in 2020, “as the OPEC production cuts...

Kuwait Oil Minister echoes cut deal compliance

Kuwaiti Oil Minister Khaled Al-Fahdel Wednesday restated his country's compliance with an oil production cut agreement concluded by OPEC and non-OPEC members. Speaking to...

KIA to invest in Aramco IPO

Following a visit last week by Saudi Aramco’s Chief Executive Officer Amin Nasser to Kuwait will reportedly invest up to US$1 billion in the...

Kuwait trade surplus declines

Official figures indicate that in the first eight months of 2019, Kuwait’s trade balance surplus declined by 8 percent year-on-year. Kuwait’s total trade surplus of...

Saudi Arabia offers lucrative opportunity for investors

Attendees at a recent conference held in London and hosted by Arab-British Chamber of Commerce were privy to some of the ‘game-changing’ investment opportunities...

Joint visit visas for Saudi Arabia and the UAE

A slew of initiatives were signed between the Saudi Arabia and the United Arab Emirates during the visit by Saudi Crown Prince Mohammed bin...

Stay Connected

68,640FansLike
1,816FollowersFollow
321FollowersFollow