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Business

Draft law eyed to prep public budgets, control implementation, final budgets

‘New law to replace Law No. 31 of 1978’ Finance Minister Nayef Al-Hajraf KUWAIT CITY, Jan 27: The minister of finance said the ministry is …

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‘No intention to raise support for prices of oil derivatives during the next phase’

KUWAIT CITY, Jan 27: The government does not intend to raise support for the prices of oil derivatives during the next phase, despite the efforts …

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Pricing responsibility of Ministry of Commerce

‘Need to develop performance of admin through direct supervision’ KUWAIT CITY, Jan 27: The director of the Cooperative Societies Development Department in the Ministry of …

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Zain KSA 2018 full-year net profit growth SAR 332 million

Q4 2018 net profit reached SAR 399 million Bader Al Kharafi, Zain Vice- Chairman and Group CEO, and Vice-Chairman of Zain RIYADH, Jan 27: Zain …

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KFH, AUB reach deal on preliminary exchange price of shares

New entity to become the largest bank in Kuwait and sixth largest in GCC: Al-Marzouq KUWAIT CITY, Jan 26: Kuwait Finance House (KFH) Chairman, Hamad …

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KIA through sovereign fund aims to expand ‘investment’ activities

Bid to maximize revenues for current year KUWAIT CITY, Jan 26: The Kuwait Investment Authority (KIA), through its sovereign fund, aims to expand its investment …

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Kuwait GDP climbs in Q3, says NBK – Inflation drops

KUWAIT CITY, Jan 26, (KUNA): Kuwait’s gross domestic product (GDP) rose 1.8 percent on annual basis in Q3 2018, the National Bank of Kuwait (NBK) …

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Frightening budget with a deficit of KD 7.7 billion

With a deficit of KD 7.7 billion and expenses totaling KD 22.5 billion in our new budget from April 1, our budget is not comforting …

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Kuwait, South Korea initial accord for developing residential district

Annual inflation up by 0.44 percent last Dec Kuwait, S. Korea initial accord for developing residential district KUWAIT CITY, Jan 24, (KUNA): Minister of Public …

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Plans to expand production of gas

Increase in production to greatly limit import expenses KUWAIT CITY, Jan 24: Kuwait plans to expand production of gas in the coming period, with annual …

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