Kuwait: More IOCs, More Investment, More Output

Kuwait is finally making serious progress on its ambitious targets for expanding crude production capacity and output. Expansion plans were boosted by the relaxation in January of a national ban on debt, a move that paved the way for Kuwait's...

Kuwait Said to Tap JPM for Up to $7B Pipeline Deal

Kuwait Petroleum Corp. is hiring JPMorgan Chase & Co. to help lease part of its pipeline network, according to people familiar with the matter. KPC aims to raise as much as $7 billion through the deal which would help bankroll the company’s vast...

GCC economic unity in spotlight

Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa headed Bahrain’s delegation to the 124th meeting of the Financial and Economic Co-operation Committee of the GCC countries in Kuwait, with the participation of GCC finance...

Dookeran: Economy in disequilibrium trap

News Clint Chan Tack 54 Minutes Ago Economist Winston Dookeran at the launch of his book The Caribbean on the Edge at COSTAATT main campus, Chaguanas on April 20, 2022. - File photo by Ayanna Kinsale FORMER finance minister Winston Dookeran says...

QCB Governor participates in joint meeting of GCC Ministers of Finance, Central Banks Governors with IMF Managing Director

Doha: Governor of the Qatar Central Bank (QCB) HE Sheikh Bandar bin Mohammed bin Saoud Al-Thani took part in the joint meeting of Their Excellencies ministers of Finance and central banks governors of the Glf Cooperation Council (GCC) countries,...

Kuwait thwarts attempt to smuggle $18 million worth of Captagon pills

Kuwaiti authorities have foiled an attempt to smuggle nearly 364kg of Captagon into the country through Shuwaikh Port in Kuwait City, the Interior Ministry has said. Five suspects were arrested after security forces, acting on confidential...

Kuwait before oil

Missionary Dr Charles Mylrea’s memoirs capture Kuwait’s pearl-diving glory, desert life and bustling trade routes in the early 20th century By Mahmoud Zakaria “In 1911 it was estimated that 800 pearl-diving boats, manned by about 20,000 men, left...

Finance Minister meets IMF Managing Director in Kuwait

IMF projects Kuwait to grow at 2.6% in 2025 on oil price gain

KUWAIT: The press release of the IMF mission, following its visit to Kuwait during the period September 15–22, outlines its expectations for Kuwait’s economic and financial performance. The release offers limited new insights, though it reaffirms...

Jammu & Kashmir to clock nearly 10 pc growth, economy on path to touch Rs 2.65 lakh crore

New Delhi: Jammu and Kashmir is stepping into a new era of growth and development, leaving behind years of conflict and underdevelopment. Once known mainly for unrest, the Union Territory is now being seen as one of India’s fastest-growing...

Kuwait Petroleum Taps JPMorgan to Explore $7 Billion Pipeline Leasing Deal

Kuwait Petroleum Corp. (KPC) has enlisted JPMorgan Chase & Co. to advise on a potential leasing deal involving part of its pipeline network, according to people familiar with the matter. The state-run oil giant is seeking to raise as much as $7...

Kuwait Secures $11.25 Billion in Landmark Bond Return

Kuwait has issued $11.25 billion in sovereign bonds split across three maturities, marking its first successful US dollar debt sale since 2017 and signalling a renewed re-entry into global capital markets. The offering drew strong investor demand,...

UAE economy to outpace global average this year, says IMF

The UAE economy is projected to outperform the global average this year as it is expected to remain resilient to uncertainty in the global economy, the International Monetary Fund (IMF) said on Thursday at the conclusion of its Article IV...

UAE participates in 124th GCC Financial and Economic Cooperation Committee meeting in Kuwait

Reviewing the GCC economic unity programme Ministers discuss progress on completing the requirements of the GCC Customs Union Discussions address the periodic report on completing the requirements for the GCC Common Market Mohamed bin Hadi Al...

Deliveroo Kuwait becomes part of DoorDash after completed acquisition

Co-founder and CEO Xu says “the Deliveroo app and products you know and love aren’t going anywhere” KUWAIT: Deliveroo Kuwait on Thursday announced that it has officially become part of DoorDash, following the successful completion of the...

Fajon to attend meetings in Kuwait, Algeria

Ljubljana, 2 October - Foreign Minister Tanja Fajon will take part in a ministerial meeting of the EU and the Cooperation Council for the Arab States of the Gulf (GCC) in Kuwait on Sunday and Monday. On Tuesday she will travel to Algiers to...

Kuwait's development spending in Q1 2025-26 highest in 5 years

KUWAIT -- Government spending on development ventures by end of the first quarter of the annual development plan (2025-2026) reached the highest level since five years ago, compared to the corresponding periods of previous schemes. The state...

Kuwait crude oil plunge $3.21 Wed. to $67.67 pb - KPC

KUWAIT -- Kuwait crude oil plunged USD 3.21 during Wednesday's trading to reach USD 67.67 per barrel compared with USD 70.88 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday. Brent futures dropped 68 cents to USD 65.35 pb and...

Warba Bank unveils SiDi Easy Finance, Kuwait’s 1st digital financing solution

Warba Bank has introduced ‘SiDi Easy Finance’, Kuwait’s first digital financing solution exclusively designed for residents under Article 20 (domestic workers), reinforcing its commitment to innovative services that cater to all segments of...

Bahrain Leads GCC Finance Talks to Boost Regional Economic Unity

His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, headed the Kingdom of Bahrain’s delegation at the 124th meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council...