News On Economic
Kuwait's Social, Economic Life Returns To Normal In Ramadhan After two years of lockdowns and curfews due to the Coronavirus pandemic, Ramadhan this year seemed to have returned to normal, as people returned to gatherings and to normal shopping after a two-year... April 04, 2022 133 Category: Kuwait
9.5 Percent Economic Growth Is Expected This Year In Kuwait, Most Vulnerable To Oil Price Fluctuations Kuwait's economy experienced its largest contraction since 1990. Is it preparing this year to record its best performance in a decade, so what difference can a few years make? In an article publis... March 30, 2022 110 Category: Business
SAB Insists Govt Must Be Serious On Financial, Economic Reforms The State Audit Bureau (SAB) stressed the need for the government to take a serious stance in the structural reform of the public finances and to reform the structural imbalances in the national econo... January 15, 2022 143 Category: Business
Kuwait’s Dithering Economic Prospects In its latest Global Economic Prospects report the World Bank notes that following a strong rebound in 2021, the global economy is now entering a period of pronounced slowdown. The bank expects global... January 15, 2022 254 Category: Economics
5.3% Economic Growth Expected For Kuwait In 2022 The economic outlook for the oil-producing countries came within broader expectations that included the Middle East and North Africa region, in a report entitled “Global Economic Prospects&rdquo... January 13, 2022 156 Category: Business
Designing The Wafra Economic Zone During 2022 The Kuwait Direct Investment Promotion Authority has received financial bids for the design of the Wafra Economic Zone, which will be built on 7 million square meters area. The sources said only tw... November 23, 2021 218 Category: Kuwait
Economic Impact Of Rescinding Tens Of Thousands Of Visas Economists and citizens voiced different views on the economic impact of tens of thousands of expatriates who have had their residence permits rescinded, due to their inability to renew them on time. ... November 20, 2021 829 Category: Business
COVID-19 Pandemic Had Major Economic Impacts On The Middle East Reconnaissance Research has prepared a brief report on the impact of the Corona epidemic on the economies of the Middle East region in general, and Kuwait in particular. This report was prepared by Dr... September 11, 2021 258 Category: Business
Vibrant Tourism Sector Vital To Economic Revival During its regular session last week, the Council of Ministers chaired by His Highness the Prime Minister Sheikh Sabah Al- Khalid Al-Hamad Al-Sabah, called on the Minister of Finance Khalifa Hamada to... August 28, 2021 612 Category: Kuwait
Ambassador Discussed India-Kuwait Economic Cooperation With GSSCPD Chief Indian Ambassador Sri Sibi George held a meeting with H.E. Dr. Khaled A. Mahdi, Secretary General of the Supreme Council for Planning & Development (GSSCPD), State of Kuwait. Both discussed way... February 03, 2021 239 Category: India
Dubai Adopts The Fifth Economic Stimulus Package Of 315 Million Dirhams The Dubai government announced the adoption of the fifth economic stimulus package, worth 315 million dirhams, to help the economy overcome the effects of the Coronavirus pandemic. Dubai Crown Pr... January 06, 2021 393 Category: International
Concern Raised Regarding Economic Fallout From Demographics Law The official government position is that it supports wholeheartedly the demographic law recently approved by the National Assembly, to limit the expats in the country and change the demographics, howe... November 22, 2020 529 Category: Information
The Second Wave Of Coronavirus Has Frozen The Economic Recovery In The European Area The European Commission announced, today, Thursday, that the gross domestic product in the European area will decline by 7.8 percent in 2020, which is lower than what was expected in the summer, but t... November 05, 2020 395 Category: Coronavirus
Expelling Expatriates May Not Be The Answer To Kuwait’s Deep Economic Malaise Over the past 15 years the population of Kuwait has more than doubled from 2.2 million in 2005 to 4.8 million at the start of 2020. During this period, the number of citizens grew by 63 percent, from ... October 31, 2020 655 Category: Expats
Ignoring SME Support Risks Economic Revival Hopes After months of discussion and debate in public forums and parliamentary committees, lawmakers eventually decided to reject the Small and Medium Enterprises (SMEs) support bill tabled by the governmen... October 24, 2020 382 Category: Business
IMF Sees Kuwait Economic Slowdown In its revised forecast of real GDP cuts in 2020 for all member states of the Gulf Cooperation Council (GCC) except Saudi Arabia, the International Monetary Fund (IMF) sees an 8.1 percent contraction ... October 15, 2020 666 Category: Economics
To Boost Economic Recovery UAE Resumes Issuing Entry Permits The Federal Authority for Identity and Citizenship in the Emirates announced today the resumption of work regarding the issuance of various visas, except for work permits. The authority said, in a ... September 24, 2020 791 Category: International
Kuwait Urges Arab Nations To Unite Towards Economic, Social Integration A Kuwaiti official called on Arab countries on Wednesday to unite efforts to achieve economic and social integration amidst spread of the coronavirus pandemic, which he described as “difficult.&... September 02, 2020 312 Category: Kuwait
Current Economic Conditions Require Spending Cuts – 20% Budget Reduced Kuwait Prime Minister His Highness Sheikh Sabah Khaled Al-Hamad Al-Sabah Thursday called on all authorities to understand “critical circumstances,” which required spending cuts to overcome... June 05, 2020 817 Category: Coronavirus
Kuwait Government Review Economic And Social Repercussions Of Coronavirus Kuwait government discussed Monday a briefing of economic and social repercussions of coronavirus and steps taken by the supreme committee for economic stimulus, presented by its head, Kuwait Central ... April 21, 2020 721 Category: Coronavirus
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