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, 2022118Category: Business
Kuwait Economy Maintained Steady Growth In 2019, States CBK
Kuwait’s economic growth picked up slightly in 2019, with gross domestic product (GDP) expanding by 0.4 percent to KD 39.4 billion (USD 130 billion) versus a year earlier, according to governmen...
August 23, 2020447Category: Automotive
Kuwait To Lay Off 600,000 Marginal Workers
Kuwait to apply quota system so that largest community will not exceed 20% of expats
The first step towards replacing expats with Kuwaitis, taken the Minister of State for Municipal Affairs Walid...
May 18, 20203594Category: Kuwait
Zain KSA 2018 Full-year Net Profit Growth SAR 332 Million
Zain Saudi Arabia (Zain KSA), announces historical record-high financial results for all key indicators for the full-year and fourth quarter ended 31 December, 2018 with the operator serving 8.1millio...
January 28, 2019340Category: Business
Kuwait's Plan To Reduce Expats To Impact Economic Growth
Kuwait's plan to cut expat numbers by 1.5 million over the next seven years will impact economic growth, according to new research.
Dr Paul Wetterwald, chief economist for Indosuez Wealth Manag...
December 23, 2018438Category: Business
MoCI Cites 8 Percent Growth In Revenues Over Previous Year
The total revenues estimated by the Ministry of Commerce and Industry from rents, fines and fees for goods and services amounted to KD 15.3 million according to the summary of the final account of the...
December 23, 2018342Category: Business
GDP Growth Of 1.6pct Seen For Kuwait
The “positive momentum” achieved by the non-oil sector in Kuwait has led to a 1.6 percent increase in Gross Domestic Product, the first positive rating seen in over a year, the World Bank ...
October 05, 2018337Category: Kuwait
Kuwait Economic Growth Recovering Slowly
The six-member Gulf Cooperation Council (GCC) countries have implemented significant fiscal consolidation and this has improved the fiscal balances of most countries in the region, according to a repo...
May 31, 20182321Category: Economics
Dubai Cafe Brand More Plans Expansion Across Gulf
Popular Dubai cafe brand More has announced a franchising expansion after signing off new outlets in Kuwait and Bahrain as well as a soon to be opened outlet in Jeddah.
Established in Dubai in 2002...
April 21, 2018567Category: Kuwait
Rising Oil Prices Unlikely To Trigger New Gulf Boom Time
Rising oil prices are easing fears of a financial crisis in the Gulf, but they look unlikely to trigger another economic boom in the region, a quarterly Reuters poll of private economists shows.
January 24, 20181456Category: Kuwait
Kuwaiti Consumer Spending Shows Q3 Rebound After Slowdown
Kuwait’s consumer sector showed signs of recovery in the third quarter of 2017 after a slowdown in 2016 and the first half of 2017, according to a new report from NBK Economics.
According to ...
January 10, 2018717Category: Kuwait
IMF Tells Gulf States To Speed Up Shift Away From Oil
The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis.
October 31, 2017753Category: Kuwait