Business
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Decrease Seen In Foreign Investment18 April 2024According to the latest report , the value of foreign investments experienced a decrease of over 300 million dinars, closing at 5.096 billion dinars, reports Al-Jarida daily. A fin...IMF And World Bank Align On Kuwait's Economic Growth17 April 2024The World Bank has upgraded its growth projections for Kuwait’s economy in 2024 to 2.8%, surpassing its earlier forecast of 2.6% made in January, reports Al-Seyassah daily. Similar...Oil May Reach $200 Per Barrel Due To War15 April 2024Dr. Sadem Al-Bassam, an economic and oil expert and head of the accounting department at Kuwait University, speculates that the price of a barrel of oil will reach more than $200 i...Gold Prices Reach Record Highs Due To Middle East Unrest15 April 2024A specialized report released by Kuwaiti company Dar Al-Sabaek highlighted on Sunday that heightened military and geopolitical tensions are the primary drivers behind the significa...Public And Government Deposits In Local Banks Increased 16.6% To 11.44 Billion Dinars In 12 Months15 April 2024Recent data released by the Central Bank of Kuwait sheds light on the dynamic landscape of the country's banking sector. As of February, total deposits in local banks exhibited a s...In Just Four Months, Kuwait Witnesses Establishment Of 2,620 Specialized Companies09 April 2024In January of this year, Kuwait witnessed a remarkable surge in the establishment of specialized companies, marking a 45% increase compared to the previous month, December 2023.The...NBK Warns Customers Against Online Charity Scams07 April 2024Underscoring its active participation in enhancing financial awareness and inclusion among all segments of society, the National Bank of Kuwait (NBK) continues to promote the “Let’...By 2032, Kuwait's Perfume Market Is Expected To Reach 100 Million Dinars06 April 2024According to a recent report, the perfume market in Kuwait is projected to hit a market capitalization of around 100 million dinars by 2032. This growth will be fueled by an annual...Advertisers Benefit From Kuwait Election Frenzy01 April 2024Parliamentary elections throughout the world depend on conveying candidates’ programs and messages to the masses to garner the much-coveted approval and votes. On April 4, 2024, Ku...Ramadan Price Surge Eased By Kuwaiti Onions After Crisis31 March 2024In the wake of a global crisis, local communities grappled with soaring onion prices, exacerbating concerns ahead of the holy month of Ramadan. However, relief arrived with the arr...Kuwait Increases The Ultra-gasoline Price To 225 Fils31 March 2024In a recent development, it has been reported that the Subsidy Committee has decided on fuel prices in the region. According to information obtained by Al-Rai, the Committee has op...Directives For License Renewal Issued By PAI24 March 2024The Public Authority for Industry has issued directives to industrial craft license holders to update their licenses in compliance with Law No. 56 of 1996 and its subsequent amendm...Kuwait Investment Authority Trims Indian Market Exposure24 March 2024As reported by India's leading business daily, 'Business Standard,' the Kuwait Investment Authority (KIA), overseeing Kuwait's sovereign wealth fund, has reduced its Indian market...Banks In Kuwait Report Robust Profits Despite The Economic Downturn21 March 2024Despite a downturn in the Kuwaiti economy in 2023, banks in the country reported robust profits, largely driven by increased interest rates, according to ‘The Banker’ magazine, rep...Real Estate Auction Sold 4 Plots For 3.96 Million Dinars21 March 2024A real estate auction held yesterday at the Four Seasons Hotel saw the sale of four residential plots located in the Yarmouk area for a total of 3.96 million dinars. The plots were...