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Exploring Earth's extremes with Yousef AlRefaie

Exploring Earth’s extremes with Yousef AlRefaie

The Kuwaiti adventurer talks about his experiences and his upcoming docu-series, providing insights into the global water crisis and human condition

Boubyan Bank mulls merger with Gulf Bank

Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger

The boards of two lenders have approved the proposal and the Central Bank of Kuwait was notified of their plans

Kuwait eyes large-scale battery storage to ease power crisis

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Oil revenues dropped by 19.4 per cent to KWD21.5bn in FY 2023/24, based on an oil price of $86.36 a barrel, compared to KWD26.7bn a year earlier

climate

‘It feels like 62°C’: Humidity intensifies heatwave in Dubai, Kuwait

Official temperatures in recent days have hovered above the 40°C mark, but the so-called ‘feels like’ temperature has reached 62°C

Jazeera Airways - Kuwait - Microsoft

Global tech outage: DXB, Emirates, Etihad say flights on schedule

Jazeera Air has notified passengers of its operations being impacted in the ongoing global IT outage

kuwait

Kuwait announces ‘giant’ oil discovery

The initial estimated area of the newly discovered oil well is around 96 square kilometres

KUWAIT-AL-ZOUR-REFINERY - KIPIC

Fire breaks out at Kuwait’s Al Zour refinery, production unaffected: KIPIC

There were no casualties and firefighters were working on containing the fire, officials said

Kuwait’s KFH explores Saudi M&A deals in regional expansion drive

Kuwait’s KFH explores Saudi M&A deals in regional expansion drive

The banking group said it was conducting studies on the potential expansion and that these were in line with its strategy envisioning potential investments in the region

KFH plans to acquire a stake in Saudi Investment Bank

Kuwait’s KFH reportedly plans to acquire a stake in Saudi Investment Bank

Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal

Bahrain holiday

Eid Al Adha 2024: Holiday dates for Bahrain, Kuwait and Oman

Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity

KUWAIT-MANGAF-FIRE

Tragic fire in Kuwait’s Ahmadi Governorate claims at least 49 lives

Kuwaiti authorities said that the death toll may go up with many more seriously injured in the blaze

kuwait

Kuwait signs $102m loan to develop Bahrain’s power grid

The loan agreement between Kuwait and Bahrain is financing the development of a 400 kilovolt transmission line

KUWAIT AL ZOUR REFINERY

Kuwait officially inaugurates Al Zour mega-refinery as it hits record capacity

As a member of OPEC, Kuwait aims to boost its production capacity to 4 million bpd by 2035

Kuwait

Kuwait’s NBK plans to issue its debut green bonds: Report

The investor meetings for the debt sale will take place beginning from May 28 and will be followed by a US dollar denominated senior unsecured Green Notes

BIG Holding’s $146.5m IPO draws orders worth $2.5bn

BIG Holding’s $146.5m IPO draws orders worth $2.5bn

The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m

Kuwait’s BIG Holding to list 30% stake on local exchange

Kuwait’s BIG Holding to list 30% stake on local exchange

The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal

Turkey-Kuwait-X

Kuwait’s Sheikh Meshal tours Turkey in first non-Arab state visit

The visit underscored the importance of diplomatic ties between Turkey and Kuwait and laid the groundwork for enhanced cooperation in various fields

NBK sells alternative investment unit to Janus Henderson

Janus Henderson buys alternative investment unit of Kuwait’s NBK

The team at NBK Capital Partners will join the $353bn asset manager as the firm’s new emerging markets private capital division

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

Sheikh Ahmad Abdullah al-Ahmad al-Sabah is Kuwait’s new prime minister

Kuwait’s emir tasked the new prime minister to form a government

Global aviation to recover to pre-Covid levels in 2024, says Kuwaiti-linked Menzies

One of Agility’s subsidiaries is Menzies Aviation, which is the world’s largest aviation services company, reported substantial revenue and EBITDA growth

Kuwait’s Agility plans to list operations and assets unit on ADX

Kuwait’s Agility Global plans to list on Abu Dhabi’s ADX

The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake

Kuwait eid break

Kuwait announces 5-day Eid al Fitr holiday

Those employed in the public sector will be off for Eid Al Fitr from Tuesday, April 9 to Thursday, April 11

Kuwait’s Q8 to buy 50% of Italian biodiesel producer EcoFox

Kuwait oil company Q8 to buy 50% of Italian biodiesel producer EcoFox

Q8 supplies aviation fuel to more than 70 international airports and holds stakes in three refineries in Italy, Vietnam and Oman

Kuwait announces mandatory biometric fingerprinting

Kuwait announces mandatory biometric fingerprinting for citizens, residents

The authorities clarified that travellers are allowed to leave the country and exempted from immediate fingerprinting, but the process is mandatory upon their return

oil refinery

OPEC oil output sees biggest monthly fall in January: Trend watch

OPEC oil output in January registered the biggest monthly drop since July, as several members implemented new voluntary production cuts

Kuwait signs $500m wastewater treatment plant deal with Turkey’s Kuzu

Kuwait approves 2024/25 budget, forecasts $19.1bn deficit

The projected deficit for the next fiscal year is 13.5 per cent lower than that forecast in the current year

Dubai airport

The 12 cheapest tax-free countries for expats to relocate

For expats looking for the cheapest tax-free destinations to live in, this list from an insurance company might be an interesting guide

Kuwait has a new PM: Sheikh Mohammed Sabah al-Salem al-Sabah

Sheikh Mohammed Sabah al-Salem al-Sabah has been appointed as Kuwait’s new prime minister, the country’s state news agency reported

Deliveroo expands reach to all major centres of Kuwait

Online food delivery service, Deliveroo, has expanded its reach into the southernmost areas of Kuwait

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023