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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’s 2024/25 budget projects $19.1bn deficit

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

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

KUWAIT RULER

UAE declares 3-day mourning period to condole Kuwait Emir Sheikh Nawaf’s death

The mourning period has been confirmed for three days, during which flags will be flown at half-mast across all official departments within the country

Kuwait

Kuwait’s Emir Sheikh Nawaf passes away at 86, official mourning announced

Kuwait has announced an official mourning for 40 days and the closure of official departments for three days, following the passing of the ruler

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

Kuwait announces long weekend holiday for 2024: Report

As Kuwait observes a Friday-Saturday weekend, the National Day celebration will give the workforce a four-day break come February

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

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

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

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

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