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Business

KIA to adopt new strategy in ‘management’ of fund

Focus to be on short-term investment of assets KUWAIT CITY, July 4: Kuwait Investment Authority (KIA) will follow a new strategy in the management of …

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Kuwait’s crude oil exports to Japan down

Tokyo’s overall imports of oil grow 7.1 pct y/y TOKYO, July 3, (KUNA): Kuwait’s crude oil exports to Japan fell 8.9 percent in May from …

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Growth seen at 2.4% in Kuwait

KUWAIT CITY, July 3: According to ICAEW’s latest report (Economic Insight: Middle East Q2 2018), Kuwait economy is on track to recover from a difficult …

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Deep-rooted Kuwaiti-Chinese ties raise trade exchange to $12 billion

Relations developed in all fields KUWAIT CITY, July 3, (KUNA): Kuwait and China are witnessing deep-rooted and developed relations in all fields, mainly the economic …

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Kuwait exports first light crude cargo

DUBAI, July 2, (RTRS): Kuwait Petroleum Corporation (KPC) has exported its first-ever light crude cargo on Monday, Kuwait’s oil minister Bakhit al-Rashidi said. The new …

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New ‘bank cards’ eyed to safeguard customers

‘Visa’, ‘MasterCard’ to be exchanged KUWAIT CITY, July 2: There is a banking tendency to cancel the Visa and MasterCard cards, which are old, specifically …

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KFAED grants loans amounting to KD 1.26b

KUWAIT CITY, July 1: Kuwait Fund for Arab Economic Development has granted loans amounting to KD 1.26 billion ($4.2 billion) in last five years; including …

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PBC opens mango fest at Zahra co-op – ‘Will promote Pakistani products’

KUWAIT CITY, July 1: The Pakistan Business Centre (PBC) under the umbrella and guidance of Pakistan Embassy in cooperation with the Al-Zahra Cooperative Society, Kuwait …

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CBK marks golden jubilee of establishment

The premier government-banking institute in Kuwait KUWAIT CITY, June 30, (KUNA): The Central Bank of Kuwait (CBK) marked on June 30 the golden jubilee of …

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Aramco and ADNOC in joint venture in India – Is there any synergy?

Independent Oil Analyst In April this year, Saudi Aramco bought 50 percent shares of a new yet-to-be-built refinery and petrochemical complex in Ratnagiri, west coast …

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