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Monday , January 27 2020


Average price of gold in Kuwaiti market increased by 18% last year

KUWAIT CITY, Jan 4: The average price of gold in the Kuwaiti market increased by 18 percent last year with demand rising during Eid holidays …

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Oil jumps with escalation of tension in Gulf

Crude price may not go above $70 a barrel Kamel Al-Harami Independent Oil Analyst WITH the news of USA-Iran tensions, oil prices have jumped to …

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Kuwait current account surplus hits KD 1.3b in Q3: CBK

Commodity balance surplus nosedives by KD 442.1m to KD 2.57b KUWAIT CITY, Dec 31, (KUNA): Kuwait recorded a current account surplus of KD 1.3 billion …

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KNPC starts ship fuel production according to ‘int’l specifications’

KPC sells first shipment ever of Diesel 10 ppm KUWAIT CITY, Dec 31, (KUNA): Kuwait National Petroleum Company (KNPC) announced Tuesday that it has completed …

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Kuwait’s fund aided 107 states to the tune of $20bn since ’61

KUWAIT CITY, Dec 30, (KUNA): Kuwait Fund for Arab Economic Development (KFAED) has funded since its establishment in 1961 up to 986 projects worth USD …

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No plan to privatize public transportation sector

KUWAIT CITY, Dec 30: Minister of Finance and acting Minister of State for Economic Affairs Mariam Al-Aqeel denied any intention to privatize the Kuwait Public …

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‘Budget deficit increases until end of fiscal year 2019/’20 to KD2.5 billion’

Before cutting share of future generations’ fund KUWAIT CITY, Dec 30: The fiscal deficit recorded in the public budget increased from the beginning of the …

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Experts highlight need for financial & economic reform in Kuwait

KUWAIT CITY, Dec 29: A total of 20 economists highlighted the need for financial and economic reform in the country, and the significance of launching …

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KPC gains see decline by 38% in fiscal 2018/19 investments

Changes in currency values cause KUWAIT CITY, Dec 29: In response to a parliamentary question, Kuwait Petroleum Corporation (KPC) said the profit of its investment …

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Kuwait and Saudi Arabia agree to resume oil output, outline border in neutral zone

New deal is ‘more accurate and more definitive’ KUWAIT CITY, Dec 29, (KUNA): Kuwait and Saudi Arabia after talks in Riyadh last week agreed to …

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