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Business

Malaysia calls on Kuwait to double investments due to economic crisis

KUALA LUMPUR, March 19, (KUNA): Malaysian Prime Minister Mahathir Mohamad called on Kuwait to double investments on Tuesday, hoping it will aid his country to …

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Kuwait tax authority placing greater focus on compliance

Authorities investing heavily in tech Following is the interview with Fahim Bashir, Tax Partner in KPMG Kuwait, on Kuwait and Regional tax updates. Fahim Bashir, …

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KNPC preparing to add 37,000 bpd coking unit as part of ‘clean environ fuel’ project

KUWAIT CITY, March 18: The Kuwait National Petroleum Company (KNPC) is preparing to add a 37,000 bpd coking unit during the third quarter of this …

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‘OTC trading hiked 363.9% last week’

KUWAIT CITY, March 18, (KUNA): Kuwait’s Over The Counter Market (OTC) spiked 363.9 percent last week, compared to the previous week. The total trading reached …

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Bid to complete real estate market regulation, eliminate manipulations

Al-Roudhan KUWAIT CITY, March 17: The Minister of State for Commerce and Industry, Khalid Al-Roudhan, has issued a decree establishing the Real Estate Broker’s book …

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US Victors System Co wins $548m contract in Kuwait

Construction of warehouses, logistics completed KUWAIT CITY, March 17: Head of the Federation of Consumer Cooperative Societies Khalid Al-Hudaiban talked about the completion of construction …

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Moody’s report: Bad news for Gulf states

Oil prices not seen to rise beyond $70 this year or next Kamel Al-Harami Independent Oil Analyst The lower the oil price falls, the worse …

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Sudan, KFAED sign deal over power plant project

The Ministry of Finance of Sudan signed the financing agreement for the power station project (Al-Fulah) with the Kuwait Fund for Arab Economic Development KUWAIT …

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Kuwait’s foreign aid exceeds KD 1.77b over 10 yrs

KUWAIT CITY, March 14: The total foreign aid and subsidies provided by Kuwait to countries all over the world is said to have exceeded 1.77 …

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Fifth gas train project to start operation in ’20: KNPC official

KUWAIT CITY, March 14, (KUNA): The state-owned Kuwait National Petroleum Company (KNPC) has stated that its strategic fifth gas train project would be operative as …

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