News On Economy
closing-business-at-8-pm-may-severely-harm-the-economy_kuwait
Closing Business At 8 Pm May Severely Harm The Economy Business owners unanimously agree that the decision to close at eight in the evening is strange, illogical, and of no economic or health feasibility, they stressed that its economic consequences will ... July 05, 2021 1486 Category: Business
third-development-plan-raises-alarm-continuation-of-current-financial-plan-may-lead-to-economic-stumbling_kuwait
Third Development Plan Raises Alarm, Continuation Of Current Financial Plan May Lead To Economic Stumbling The third development plan for Kuwait 2020-2025 issued by the General Secretariat of the Supreme Council for Planning and Development stipulated that to support the development of high skills in the l... June 15, 2021 277 Category: Kuwait
economy-takes-backseat-as-parliament-wrangles_kuwait
Economy Takes Back-seat As Parliament Wrangles In January of this year, Kuwait’s then caretaker government approved a budget bill that projected a deficit of KD12 billion for the fiscal year 2021-22 (FY 21-22) starting on 1 April. The foreca... May 29, 2021 251 Category: Kuwait
layoffs-and-poor-economic-conditions-in-oman-sees-scattered-protests_kuwait
Layoffs And Poor Economic Conditions In Oman Sees Scattered Protests  Scattered protests in Oman over layoffs and poor economic conditions drew a massive police presence Monday in at least two cities in the sultanate, with protesters throwing stones at one point a... May 24, 2021 352 Category: International
kuwaits-economy-to-surpass-prepandemic-level-by-2022_kuwait
Kuwait’s Economy To Surpass Pre-pandemic Level By 2022 The Oxford Business Group, in cooperation with the Kuwait Fund for Arab Economic Development, issued a report on Kuwait’s response to dealing with the Covid-19 crisis, indicating that Kuwait has... May 18, 2021 220 Category: Kuwait
gradual-recovery-is-expected-for-the-kuwaiti-economy-in-2021_kuwait
Gradual Recovery Is Expected For The Kuwaiti Economy In 2021 The Central Bank of Kuwait announced the end of the mission of the IMF experts in Kuwait, which was conducted via the Internet during the period from 4 to 8 April this year, within the framework of th... April 16, 2021 684 Category: Kuwait
kuwaits-economic-activity-slowly-recovering-from-pandemichit-20_kuwait
Kuwait’s Economic Activity Slowly Recovering From Pandemic-hit ’20 Kuwait’s economy is slowly emerging from the economic dislocation caused by the coronavirus pandemic in 2020. GDP fell by an estimated 8% last year — the steepest decline in output since t... April 07, 2021 297 Category: Economics
ambassador-discussed-bilateral-relations-with-finance-minister_kuwait
Ambassador Discussed Bilateral Relations With Finance Minister Ambassador of India to Kuwait H E Shri Sibi George paid an official call-on His Excellency Mr. Khalifa Musaed Hamada, Minister of Finance & Minister of State for Economic Affairs and Investment, S... April 06, 2021 269 Category: Kuwait
loan-to-ruin-economy-kuwaiti-dinar_kuwait
Loan To Ruin Economy, Kuwaiti Dinar National Assembly Speaker Marzouq Al-Ghanim has confirmed being informed about the decision to refer him to Public Prosecution for violating health regulations while celebrating his victory in the 202... March 17, 2021 831 Category: Economics
govt-missing-opportunities-to-revitalize-economy_kuwait
Govt Missing Opportunities To Revitalize Economy The Federation of Travel and Tourism Agencies (FTTA) thinks the government has been missing opportunities to revitalize the economy due to the way it deals with the repercussions of the coronavirus cr... March 13, 2021 892 Category: Economics
capital-markets-seeks-to-create-a-sustainable-financing-environment-that-supports-economic-growth_kuwait
Capital Markets Seeks To Create A Sustainable Financing Environment That Supports Economic Growth The Capital Markets Authority affirmed its efforts to create a sustainable financing environment that supports economic growth, according to factors that take into account environmental, social, and g... March 04, 2021 278 Category: Business
kuwait-grows-12-in-q3_kuwait
Kuwait Grows 1.2% In Q3 Kuwait’s economy witnessed 1.2 percent growth in the third quarter of 2020 compared to the quarter prior, amounting to KD 8.6 billion (USD 28 billion), according to the Central Statistical Burea... March 03, 2021 200 Category: Economics
economists-submit-before-time-runs-out-document-to-speaker_kuwait
Economists Submit ‘Before Time Runs Out’ Document To Speaker National Assembly Speaker Marzouq Al-Ghanim on Wednesday received in his office several economic experts who submitted a document titled, “Before Time Runs Out.” The document contains reco... February 24, 2021 212 Category: Economics
kuwaits-robust-economy-spurs-lulu-exchange-to-open-26th-branch_kuwait
Kuwait’s Robust Economy Spurs LuLu Exchange To Open 26th Branch LuLu Exchange – Kuwait’s leading payments provider offering cross-border remittances and currency exchange services, opened its 26th branch at Terrace Mall in Salmiya on Wednesday. Th... February 24, 2021 183 Category: Economics
travel-and-tourism--a-lifeline-for-the-economy_kuwait
Travel And Tourism – A Lifeline For The Economy The importance of travel and tourism industry to a state’s economy and the need to develop a sustainable tourism policy that improves the country’s competitiveness and ensures equitable gr... January 24, 2021 448 Category: Travel
low-oil-price-covid19-stifles-economy_kuwait
Low Oil Price, COVID-19, Stifles Economy The unwelcome arrival of SARS-CoV-2 virus in Kuwait early this year, along with the persistently low oil prices since then, have dealt a double whammy to the country’s economy. Though the virus-... November 28, 2020 392 Category: Coronavirus
haste-in-addressing-demographics-issue-will-adversely-affect-kuwaits-economy_kuwait
Haste In Addressing Demographics Issue Will Adversely Affect Kuwait’s Economy  There have been government concerns over the economic effects of the application of the demographic regulation law concerning the increase in labor wages, reports Al-Qabas daily. Despite the off... November 23, 2020 346 Category: Kuwait
downsizing-expats-will-not-upscale-economy_kuwait
Downsizing Expats Will Not Upscale Economy His Highness the Prime Minister Sheikh Sabah Khalid Al-Sabah was quoted as saying in June that ideally he would like to see the country’s current demographic imbalance reversed in the next few y... November 15, 2020 1118 Category: Expats
news-on-banned-34-countries-feeds-hope-for-local-economy_kuwait
News On Banned 34 Countries Feeds Hope For Local Economy  In reaction to what was published by Al-Rai daily, concerning the requirement of the health authorities in the event the citizens of the 34 countries who are stranded outside the country are all... November 14, 2020 1346 Category: Travel
hh-the-amir-commends-kdipas-contribution-to-the-economy_kuwait
HH The Amir Commends KDIPA’s Contribution To The Economy His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on Tuesday commended Kuwait Direct Investment Promotion Authority’s (KDIPA) contributions to create a competitive economic environme... November 03, 2020 194 Category: Kuwait