Twenty14 Holdings marks entry into Switzerland with new IntercityHotel Zurich Airport

Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based LuLu Group International, has entered into a forward purchase contract with Swiss real-estate developer...

Kuwait GDP climbs in Q3, 2018 – NBK

Kuwait's gross domestic product (GDP) rose 1.8 percent on annual basis in Q3 2018, the National Bank of Kuwait (NBK) said in a report...

Growth to falter as oil output cuts take effect

Home to the sixth-largest oil reserves in the world and the seventh-highest crude oil exports, Kuwait’s economic well-being is overwhelming tied to global oil...

Report: Connection between food loss, hunger, consumer demand, climate

The world economic forum WEF on Wednesday released a new report to trace hidden connection among food loss, hunger, consumer demand and climate change....

Kuwait announces plan for $200 million tech investment fund

Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh...

Standard and Poors forecasts stability for Kuwait’s economy

The government of Kuwait will remain in a substantial net asset position over the medium term, which should provide a safety buffer against external...

Banking sector buttresses economy as oil roils

Oil prices have a significant influence on market sentiment in Kuwait; a buoyancy witnessed in the market when oil prices climb, sinks with every...

Kuwait current account posts nearly USD 7 bln worth of surplus

Kuwait's current account posted KD 2.1 billion (USD 6.9 billion) worth of surplus in third quarter of 2018, the Central Bank of Kuwait (CBK)...

Partly, fully-owned Kuwaiti firms in Qatar worth USD 706 Minister – Official

Around 400 businesses partly and fully­ owned by Kuwaiti firms currently operate in Qatar amassing a total KD 214 million (USD 706 million) in...

Kuwait commerce ministry says exports surged to KD 2 mln last month

Kuwait's exports rose by KD two million (USD 6.565 million) in December, as compared to the previous year, the ministry of commerce and industry...

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