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Business

Banking crisis: Need for floor for energy prices!

The collapse of Silicon Valley Bank with its impact on other financial houses is going to have an impact on oil prices, with a drop …

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CMA to confront financial fraud at GCC nations level

KUWAIT CITY, March 18: The Capital Markets Authority succeeded in raising the file of financial fraud to the GCC countries, where the Chairman of the …

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Gulf Bank approves distributing cash dividends of 10 fils per share and 5% bonus shares for 2022

KUWAIT CITY, March 18: Gulf Bank concluded its Ordinary Annual General Meeting (“AGM”) No. 64, and Extraordinary General Meeting (“EGM”) No. 41, held at the …

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MPW requests gov’t to cancel 7 tenders for major road projects

Ministry working on solutions to fix internal road problems KUWAIT CITY, March 18: The Ministry of Public Works said it is in the process of …

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LuLu Hypermarket launches traditional ‘Ramadan Souqs’

KUWAIT CITY, March 16: As part of its ongoing ‘Ramadan Special’ promotion that began on March 8, LuLu Hypermarket, the retail leader in the region, …

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Kuwait Airways breaks record to JFK with the A330neo

KUWAIT CITY, March 16: In line with the airline’s strategy to match capacity with demand, optimize performance with the best in on board experiences for …

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Building permits to be issued in April

KUWAIT CITY, March 16: The Prime Minister, His Highness Sheikh Ahmed Nawaf Al-Ahmad, called on state ministries and institutions to take executive steps at a …

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World Bank underlines sustainable development to accomplish better revenues

KUWAIT CITY, March 15: The World Bank Group’s permanent representative in Kuwait, Ghasan Al-Khoujah has underlined the significance of sustainable development through the application of …

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Kuwait banks eye broader deposit protection

KUWAIT CITY, March 15, (Agencies): Local banks are studying a proposal as part of broader protection efforts that call for the introduction of a new …

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Zain Group 2022 revenue soars 14 pct to reach $5.6 bln, net profit grows 6% to reach $640 mn

KUWAIT CITY, March 14: Zain Group, a leading mobile telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results …

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