Kuwait oil price rises to USD 65.50 pb

Price of the Kuwaiti crude oil rose 64 cents to USD 65.50 per barrelin Thursday's trades, compared to USD 64.86 pb in the Wednesday...

KNPC to export 120,000 bpd to Asia – Official

Kuwait National Petroleum Company (KNPC) signed new contracts with Asian countries to export 120,000 barrels of oil per day to them, said Deputy Managing...

Jazeera Airways announces 2018 earnings

  Jazeera Airways today announced its financial and operational results for the financial year ending December 31, 2018, reporting a record growth of 42.8% in...

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...

Kuwait government says keen on equality among citizens regarding loans

The government of Kuwait reaffired Monday keenness on enforcing justice and equality among all citizens, while also preventing any measure that would undermine the...

Kuwait bourse privatisation crucial to attracting investments – Minister

Kuwait stock exchange's recently ­agreed partial privatisation is an important step towards attracting and boosting investments in the local financial market, a minister said...

Kuwait ranks 1st among GCC companies in Dubai – Report

Kuwaiti companies' branches ranked first in Dubai among its GCC counterparts, a report by the Department of Economic Development (DED) here said Wednesday. Kuwaiti businesses...

Kuwait Petroleum is said to reassess $500 billion spending plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units...

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...

Reforms needed to sustain growth, future savings

Presenting his estimated state budget for fiscal year beginning in 1 April 2019, Finance Minister Nayef Al-Hajraf last week disclosed that the government would...

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