#Kuwait

central bank

UAE Central Bank raises base rate by 75 basis points

Central banks across the GCC have also raised their interest rates

Eid Al Adha

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

Sheikh Khalifa

The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan

Sheikh Khalifa bin Zayed Al Nahyan passed away on May 13, at age 73

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

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Kuwait

Kuwait cabinet resigns as parliament moves to oust premier

The prime minister had submitted his resignation letter to the country’s ruler

New e-grocery startup Raha launches in Kuwait

Raha raised $7m in its seed round of funding, led by Saudi’s Aujan Investments, Kuwait’s NOX Management and London-based Cedar Mundi Ventures

The SME Story: Tarek Sakr, founder and CEO of 4Sale

The company claims to be Kuwait’s largest online classifieds platform

How One Global helps make day-to-day digital service payments more mobile

Our forward-thinking approach and business platforms are on the verge of disrupting the status quo for entrepreneurs, says Mohammed Al-Rashidi, executive chairman, One Global

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Emirates

Emirates to operate five additional flights between Dubai and Kuwait

The airline will operate the extra flights ahead of Kuwait National Day holidays

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

Getty Images

Kuwait Gulf Oil Company implements Oracle cloud applications to drive business growth

More than 60 core business processes automated to enhance efficiency, drive business continuity and enable seamless remote working

OPEC picks Kuwait’s Al-Ghais as next top diplomat

Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August

Covid-19: Kuwait advises citizens in UK to leave country

The Embassy also called on citizens to adhere to the Kuwaiti Foreign Ministry’s recommendations to postpone travel to the UK

Warba Bank nasdaq dubai

Warba Bank lists $250m sukuk on Nasdaq Dubai

The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m

Gulf leaders stress need for joint security, approve establishment of GCC Railways Authority

The GCC Supreme Council also urged for the need to accelerate the establishment of a joint customs union and the GCC Common Market

Kuwait’s $33bn holding firm Kipco appoints Sheikha Dana as CEO

She will replace Faisal Al Ayyar, who will retire as the CEO after more than 30 years with the company

Voices from the top: Sheikha Intisar Alsabah, Kuwaiti social entrepreneur

Social enterprises Intisars and Ebbarra Jewelry equip women with daily reminders and tools for self-empowerment

Kuwait isn’t planning to follow UAE and change weekend

The UAE said on Tuesday it will move its weekend to Saturday and Sunday

Airbus wins 28-plane A320neo order from Kuwait’s Jazeera Airways

Jazeera already operates an all-Airbus fleet of original-generation A320s and eight A320neos

US backs $650m air-to-air missile sale to Saudi Arabia

The Aim-120 missile is one of the US Air Force’s top air-to-air weapon systems

Expo 2020 Dubai pavilions: Sweden, Kuwait, China, Canada, Belgium, Mexico, Pakistan, Sierra Leone

Here’s a list of eight participating country pavilions and their offerings

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007

Kuwait opens Covid-19 vaccine registration for children aged 5-11

After registering online on the health ministry’s website, legal guardians of the children will receive a text message on the date, time and place of vaccination

Kuwait eases all Covid-19 restrictions with airports at full capacity, no mask mandate for outdoor activity

Worshippers in mosques can also now pray in “stacked rows” without distancing

Fire breaks out at Kuwait’s Mina Al-Ahmadi refinery, injuries reported

The refinery’s export operations have not been affected

Senior Kuwaiti official probed over ‘unauthorised’ decision to ban expats over 60

The decision to ban expatriates aged over 60 who do not hold a university degree from renewing their work permits has been revoked

Kuwaiti ruler makes unprecedented call for dialogue amid impasse

The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment

KUWAIT-HEALTH-VIRUS

Majority of expats in Kuwait earn between $200- $400 per month – study

The Public Authority for Manpower urged for restricting work permit issuance for one year to ‘utilise skilled labour already in the country’