Bank of England unveils big stimulus totaling USD 125 bLn

The Bank of England has unveiled another big stimulus for the UK economy as it tries to limit the scale of the coronavirus recession,...

KPC official: Kuwaiti global oil sales score achievements despite pandemic

Kuwait Petroleum Corporation (KPC) has been able to overcome a number of challenges posed by the coronavirus pandemic in order to ensure the uninterrupted...

Oil, shares fall as coronavirus fears stalk financial markets

Oil prices and Asian shares skidded lower on Monday as concerns grew over the potential impact of a China virus outbreak, with safe-haven assets such...

Toyota Corolla achieves global sales milestone of 50 million vehicles

Further strengthening the 55-year legacy of its best-selling vehicle, Toyota has announced that the iconic Corolla model has surpassed sales of 50 million units...

Alsayer wins prestigious KNPC Award

Al Sayer Group, the leading Conglomerate in Kuwait, was awarded with the twelfth Health, Safety and Environment Performance Award. This annually held event, organized...

Kuwait has the 6th cheapest petrol in the world, according to the latest report

By Hermoine Macura-Noble Special to The Times Kuwait Kuwait has the 6th cheapest petrol in the world, only costing $1.57 per gallon of gasoline, according to...

Kuwait National Cinema finalizes KD39.8m deal to build entertainment complex

Kuwait National Cinema and First United Co. put the finishing touches to a contracting deal of KD 39.8 million for the construction of the...

Is Kuwait on the verge of an economic downfall?

A high-ranking economic official spoke to Al-Rai daily regarding the recent downgrading of Kuwait's sovereign rating by Moody's by two degrees from "Aa2" to...

Galaxy S21 Series 5G Receives Outstanding Response during Pre-Order Phase

Samsung Gulf Electronics has revealed that the Galaxy S21 Series 5G pre-order phase was a huge success in Kuwait. Ensuring consumers can register their...

Kuwait central bank issues KD 240 mln bonds, Tawarruq

The Central Bank of Kuwait (CBK) said Tuesday it issued KD 240 million (USD 792 million) worth of bonds and Tawarruq. The issue's maturity period...

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