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Business

Current price of $75 per barrel not enough

OPEC plans further reductions, forecasting future oil demand IT seems OPEC is planning further crude oil production cuts to correct oil prices, as it is …

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PAHW implements 5 infrastructure & 79 public buildings projects

KUWAIT CITY, May 11: The Public Authority for Housing Welfare showed the implementation of five projects related to infrastructure and 79 projects for the implementation …

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India emerging as one of the fastest growing economies in recent years – ‘$5 trillion economy by 2025’

KUWAIT CITY, May 11: The Embassy of India, Kuwait, in association with Indian Business & Professional Council (IBPC), with the support of Kuwait Chamber of …

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Kuwait imports from Indonesia at $220 mln in ’21

KUWAIT CITY, May 10: Indonesia is one of the major exporters to Kuwait with exports amounting to USD 220 million during 2021, a member of …

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Zain Q1 ’23 net profit soars 15% to reach USD 177 million, equivalent to KD 54 mln

KUWAIT CITY, May 9: Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in seven markets across the Middle East and …

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Forbes lists Kuwaiti dinar as ‘strongest currency’ in 2023; Bahraini dinar second, Omani rial 3rd

KUWAIT CITY, May 10: The Kuwaiti dinar remains the most powerful currency in the world on the list of the Forbes magazine for 2023. The …

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Aramco profit drops by 20%

DUBAI, May 9, (AP): Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last …

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‘Immense potential for investments’; Indian Embassy in Kuwait kicks off ‘Unleashing Synergies’ Conference

KUWAIT CITY, May 8: Embassy of India, Kuwait, in association with Indian Business & Professional Council (IBPC), with the support of Kuwait Chamber of Commerce …

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Money Supply up last March at KD 39.2 bln

KUWAIT CITY, May 7: The Central Bank of Kuwait (CBK) announced on Sunday that its data for the “Monthly Monetary Statistics” showed that the Money …

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Is it the time for ‘yuan’ to enter the oil trade?!

The Chinese currency is moving to capture some of the oil deals with oil-producing countries, as well as other forms of energy including gas and …

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