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

New Year 2023-24 holidays: Kuwait to get 4-day break

The country’s cabinet has declared Sunday, December 31, 2023, and Monday, January 1, 2024, as public holidays


Kuwait seeks to boost oil production, pushes on with Durra gas field

Oil Minister Saad Al Barrak said the state firm aimed for net zero carbon emissions by 2050

Kuwait master plan 2040

Kuwait Master Plan 2040 to boost development, strategic vision

The Fourth Kuwait Master Plan 2040 focuses on the country’s vision and development goals in urban, economic, social, and environmental policies

Kuwait Cyberattack

Kuwait: Finance Ministry says cyberattack hit one of its systems

The ministry has been in contact with National Cybersecurity Center for updates and assessment of the hack

Kuwait master plan 2040

Kuwait announces holiday date for Prophet Muhammad’s birthday

The Cabinet declared September 28 as a holiday for those serving in the public sector

Kuwait Investment Office manages $250bn in assets

Kuwait wealth fund’s London arm manages $250bn in assets

The fund mainly invests directly, predominantly in public equities and fixed income but also in alternatives like real estate and private equity

UAE licence Dubai RTA

Kuwaiti fintech MyFatoorah secures UAE central bank licence

The payments solutions provider is now positioned to offer direct merchant-acquiring services and payment aggregation solutions with reduced reliance on traditional banking channels

IHG's Vignette Collection enters UAE, Kuwait (Image: Supplied by IHG Hotels and Resorts)

Vignette Collection brand enters UAE, Kuwait

Th8 Palm Dubai Beach Resort, Vignette Collection and Vignette Collection in Kuwait City will be operated by United Hospitality Management

Kuwait’s Agility posts KWD14.2m in Q2 profit

Kuwait’s Agility posts KWD14.2m in Q2 2023 profit

The company’s profit in the first six months to June 30 rose by 2.3 per cent to KWD29.4m

crypto currency

Kuwait bans cryptocurrency, crypto mining and transacting in virtual assets

The country’s Capital Markets Authority placed a prohibition on the use of digital currencies in making payments

Kuwait considers launching new wealth fund to drive growth

Kuwait plans new sovereign investment fund to boost growth

The new vehicle is in addition to the country’s $700bn sovereign wealth fund, a savings pot for life after oil


Kuwait announces holiday dates for Islamic New Year

The government of Kuwait has declared a two-day holiday to mark the Hijri New Year


Kuwait appoints new oil, defence ministers in latest cabinet

The country formed its fifth government in less than a year

Marriott Executive Apartments (Image: Supplied by Marriott)

Marriott Executive Apartments debuts in Kuwait

It features 164 units ranging from studios to three-bedroom serviced apartments


Saudia and Kuwait Airways sign codeshare agreement

Guests may expect to gain all the benefits of codeshare flights including connectivity, baggage transfer and the convenience of having their entire journey managed by one airline

Agility logistics park

Kuwait’s Agility reports 20% rise in net profit to KD15.3m for Q1 2023

The company’s EBITDA increased 30 per cent to KD44m, and revenue grew 17 per cent

Zain HQ Building 2021

Zain Group creates global wholesale services JV with Omantel

The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries

Apparel Group

Apparel Group expands presence in Kuwait with 12 new store openings

The line-up of stores feature brands such as Birkenstock, Beverly Hills Polo Club, Dune London, Levi’s, The Children’s Place, Steve Madden, among others

Kuwait eid al fitr holidays announced for public sector, non profits

Eid Al Fitr 2023: Kuwait announces holidays for public sector employees

The Eid Al Fitr holiday at all ministries, and governmental bodies and institutions will begin from April 21 to 25

finance minister

Kuwait names new finance minister in latest cabinet line-up

Sheikh Ahmad Nawaf Al-Sabah, the eldest son of Kuwait’s ruler, heads the new line-up that includes Manaf Al-Hajeri as the country’s fifth finance minister since 2020

Kuwait Oil Company oil spill

Kuwait Oil Company declares ‘state of emergency’ after oil spill

The company said a state of emergency has been declared but no leakage of poisonous gas was detected at the site of the oil spill

Kuwait’s Zain Group posts $640m full-year profit

The board of directors proposed a cash dividend of 25 fils per share for H2 2022, following a semi-annual dividend of 10 fils earlier last year

Agility opens data centre sites

Kuwait’s Agility launches data centre sites across Middle East and Africa

The company plans to build additional sites in other rapidly growing data centre markets including Nairobi, Casablanca and Lagos

Kuwait's Sheikh Ahmad Nawaf Al-Ahmad Al Sabah reappointed PM

Kuwait’s Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed PM

Sheikh Ahmed was first appointed as Prime Minister in July 2022

Non-oil foreign trade between UAE, Kuwait grows 87% over a decade

UAE, Kuwait non-oil trade grows 87% over decade

Non-oil foreign trade between the UAE and Kuwait reached Dhs43bn by the end of 2022

UAE, Kuwait link traffic systems

UAE, Kuwait link traffic systems

Officials at the meeting held in Abu Dhabi discussed ways to enhance existing cooperation between the two countries in police and security fields

Boursa Kuwait reports 13.3% rise in 2022 net profit

Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent

National Bank of Kuwait reports $1.7bn in net profit for 2022

The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils

IMF sees Kuwait's GDP growth at above 8% for 2022

IMF projects Kuwait’s GDP growth above 8% for 2022

The rise in GDP growth in 2022 is supported by increased oil production, high oil prices, and sustained improvement in domestic demand


Kuwait says oil buyers don’t want to boost imports next year

The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India