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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

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

Kuwait exports first shipment of jet fuel from new Zour refinery

The first cargo is currently being shipped aboard the Pacific Sarah tanker

Kuwait’s Jazeera Airways to launch new route to Turkistan

The new service will commence on December 3, and service demand for religious and cultural tourism

Kuwait

Kuwait posts smaller deficit for last fiscal year on higher oil

The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn

Kuwait

Kuwait commits to reach carbon neutrality in oil and gas by 2050

Kuwaiti foreign minister Sheikh Salem Abdullah Al-Jaber Al-Sabah said that the country executed many projects to preserve the environment and reduce emissions

Kuwait starts commercial operations at new Al-Zour mega-refinery

Kuwait starts commercial operations at new Al-Zour mega-refinery

Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi marks first flight to Kuwait

Air Arabia Abu Dhabi now operates 28 direct routes from the capital

Wizz air

Wizz Air Abu Dhabi commences first flight to Kuwait

The new route will strengthen connectivity within the GCC

National Bank of Kuwait reports $1.2bn in net profit

National Bank of Kuwait reports $1.2bn in net profit for first nine months of 2022

Net profit increased 46.9 per cent year-on-year from $819.9m recorded during the same period last year

Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed as Kuwait’s Prime Minister

The premier has been assigned to nominate members of the new cabinet

Kuwait Airways

Kuwait Airways launches service to Kuala Lumpur

The first flight to the Malaysian capital took off on October 2

agility

Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket

The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets

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

Kuwaiti conglomerate Alghanim Industries weighs $1bn IPO

Deliberations about a potential listing are in the early stages and no final decisions have been made

Kuwait Airways to operate 13 daily flights for FIFA World Cup

The airline would offer packages – that would include flights and tickets to the matches – starting from KD200

Cover story: Why Kuwaiti entrepreneur Talal Al Ajmi is heavily invested in the future

Founder and CEO of VI Markets, Talal Al Ajmi tells us how investing in technology has been key to his company’s growth

OPEC Haitham Al Ghais

Haitham Al Ghais takes office as OPEC Secretary General

He was appointed for a three-year term at the special meeting of the OPEC Conference held on January 3

Kuwait prime minister

Kuwait names Sheikh Ahmed Nawaf as new prime minister

The prime minister is appointed by the ruling family and governments

Kuwait Finance House

Kuwait lender KFH to buy Bahrain’s Ahli United for $11.6bn

The potential combination would create the Gulf’s seventh-largest lender with $115bn in assets

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

eid al fitr 2024 - solar eclipse - moon sighting

Kuwait announces Eid Al Adha holidays for public sector

All state entities and ministries will be on holiday from Sunday, July 10 until Thursday, July 14

Kuwait

Kuwait seeks to invest $750m in Pakistan projects

Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities