ARAB TIMES – KUWAIT NEWS THE FIRST ENGLISH LANGUAGE DAILY IN FREE KUWAIT الكويت
KUWAIT CITY, April 3: The Kuwait Oil Company has decided to award the tender for security and safety improvements and the control, supervision and data …
Read More »KOC awards tender for Jurassic wells to ‘second lowest’ bidder
Business
Ratings stable amid turmoil; Kuwait holds huge assets
KUWAIT CITY, April 3: Despite the unstable global economic and political conditions, there is a package of factors that support the stability of the country’s …
Read More »Kuwait to implement voluntary output cut
KUWAIT CITY, April 3, (Agencies): The State of Kuwait will implement a voluntary cut of 128,000 barrels per day from the month of May till …
Read More »Burgan Bank holds 58th AGM and 36th Annual Extraordinary General Meeting
Shareholders approved distribution of 8 fi ls cash dividend, 5% bonus shares KUWAIT CITY, April 2: Burgan Bank held its 58th Annual General Assembly meeting …
Read More »Public sector salaries devour 80% of oil income at 88%
‘BANKER’ NOTES UMBILICAL LINK TO OIL FLUCTUATIONS Growth to slow … GDP up 2.6% in ’23 KUWAIT CITY, April 2: The Banker magazine has reported …
Read More »Aramco new crude oil policy, investing in captured markets
It seems there is a new trend for crude oil big producers to insure return on investment against secured crude oil market outlets. Saudi Aramco’s …
Read More »NREC posts KD 17.9mn net profit in 2022
KUWAIT CITY, April 1: National Real Estate Company (NREC), currently developing various mega projects in the Middle East and North Africa region, reported its financial …
Read More »OGA of KIC approves 40 pct cash dividends for year 2022
KUWAIT CITY, April 1: The Ordinary General Assembly of Kuwait Insurance Company met on Thursday, March 30, 2023 and approved all agenda items, including, the …
Read More »Kuwait oil output to hit 4m bpd in ’35; Kuwaitization at 30%
KUWAIT CITY, March 30: The CEO of the Kuwait Petroleum Corporation, Sheikh Nawaf Saud Al-Sabah, confirmed that the fluctuation in oil prices is due to …
Read More »Kuwait Investment Authority sells 20 million shares in Mercedes-Benz Group
KUWAIT CITY, March 30: The Kuwait Investment Authority sold about 20 million shares in the Mercedes-Benz group – nearly a quarter of its stake – …
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