Economy
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Oil Revenue Management Is The Major Challenge Facing Kuwait's Economy16 November 2015The main challenge facing the Kuwaiti economy lies in "how to manage oil revenues and prepare for the post-oil era," an international economic expert said in remarks publ...Kuwait Airways Corporation Limits Weight Of One Luggage To 23 Kg Only For Economy Passengers06 February 2016Board Chairperson of Kuwait Airways Corporation (KAC) Rasha Al-Roumi vehemently denied the rumor that Kuwait Airways has reduced the allowed check-in luggage weight for economy cla...Kuwait Govt Plan To Develop Economy Not Applied In Reality - Citizen07 May 2016The Gulf countries are competing to find alternative sources of income to replace oil in order to strengthen their economy and develop other sectors such as education and health se...Raising Fuel Prices Will Help Improve Economy - Experts03 August 2016The Cabinet's recent decision to raise diverse types of fuel prices, particularly the benzene, has the greatest significance in positively impacting the country's economy,...Ease Procedures For Expats To Own Properties In Kuwait16 February 2017Board Chairman of Al-Shabib Real Estate Group Bader Al-Shabib disclosed the company sent 21 new files of expatriates who applied for ownership of investment apartments to the Counc...Kuwaiti Expert Warns Against Tax On Remittances19 March 2017A financial expert in Kuwait has urged lawmakers to avoid making economy-related statements without valid information to back them up. “Lawmakers should be cautious when they...Kuwait Has Examined Up To 30 Tons Of Precious Metals24 April 2017Kuwait has examined up to 30 tons of precious metals worth KD 300 million (US$ 986.5 million) in 2016, said Minister of Commerce and Industry Khaled Al-Roudan. The ministry testes...Mp Hashem Supports Tax On Remittances08 May 2017MP Safa Al Hashem said she was adamant that a tax be imposed on remittances by expatriates. The tax will be between three and five percent and will thus take into consideration the...Kuwaiti Government Highest-spending In The World30 May 2017The government of Kuwait has been ranked as the highest spending in the world. According to a statistical survey conducted by the Kuwaiti Central Bank, government spending in th...Kuwaiti Economy Rises To 3 Percent In 2016 - World Bank17 June 2017The World Bank said on Thursday that 2016 economic growth in Kuwait climbed at a "modest" pace to three percent due to higher oil production and the implementation of maj...5 Percent Vat In Uae - Decree-law Issued28 August 2017President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued the Federal Decree-Law No. 8 of 2017 for Value-Added Tax, with one of the lowest rates in the world. A preli...Kuwait Aims For Continued Major Increases In Us-based Investments In Next 20 Years - Al-saleh07 September 2017In the last 20 years, the Kuwait Investment Authority's (KIA) investments in the US have grown by nearly 20 times, and Kuwait hopes to see its US-based investments grow by anot...Saudi Arabia To Allow Women To Drive In Major Milestone For Country27 September 2017Women in Saudi Arabia will be allowed to drive, the government announced on Tuesday - ending their reign as the only nation in the world where women were forbidden from getting beh...Legislators Submit Request For Grilling - Fahaheel Cafes Noted09 October 2017MPs Riyadh Al-Adsani and Abdul Kareem Al-Kandari on Sunday submitted an interpellation request against State Minister for Cabinet Affairs and acting Minister of Information Sheikh...Country Recorded A Deficit Of Kd 1.94 Billion In Its Budget17 October 2017The country recorded a deficit of KD 1.94 billion in its general budget in the first half of fiscal 2017/2018, reports Al-Rai daily quoting the monthly financial report released by...