Saturday , November 18 2017

Tag Archives: economy

GCC economies adjust to low oil prices

Kuwait Finance and Investment Company (KFIC) clarified in its financial annual report that the International markets closed the year 2016 in bullish territory after enduring a difficult start to the year, with positive economic data coming from Advanced Economies and Emerging Markets. Geopolitical events continued to impact economies on a …

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Kuwait’s economy ‘structurally flawed’ – Official cites irregularities in job market

KUWAIT CITY, Sept 27, (KUNA): Kuwait’s economy suffers from glaring structural errors induced by accumulations that have stalled development, the Ministry of Finance’s Undersecretary Khalifa Hamada said on Tuesday. In a speech to kick off the “Euromoney 2016 Conference,” Hamada, who spoke on behalf of Deputy Prime Minister, Minister of …

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State of economic depression to continue: finance, realty experts

KUWAIT CITY, July 1: Finance and real estate experts have said the state of economic depression will continue due to weak monetary support of medium and minor projects by banks, amid high deficit and low growth rate, reports Annahar daily. In this context, former chairman of the board of Rasamil …

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Parliament approves budgets of Kwt Economic Fund, KPA, KISR

KUWAIT CITY, June 15: The Parliament on Wednesday approved the budgets and fi nal accounts of Kuwait Ports Authority (KPA), Kuwait Institute for Scientifi c Research (KISR) and Kuwait Economic Fund. KPA’s revenues are estimated at KD 76 million while its expenses are estimated at KD 62 million, the revenues …

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Joint body seen as a tool to activate Gulf economic unity – Al-Ghanim welcomes summit resolution

KUWAIT CITY, June 5, (KUNA): Head of the Federation of the Gulf Cooperation Council (GCC) Chambers of Commerce and Industry Ali Al-Ghanim welcomed the resolution of the Gulf summit held recently in Riyadh aiming to establish a Gulf body for development and economic affairs. In a press statement on Sunday, …

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‘Steps taken to rectify current economic situation of country’

KUWAIT CITY, May 9: Minister of Public Works and State Minister for National Assembly Affairs Dr Ali Al-Omair declared that the periodic reports to the Cabinet concerning the public funds indicate the use of transparency and the steps taken to rectify the current economic situation of the country, reports Al-Rai …

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How Saudi plans to shake up its economy – Privatisations to include tourism, infrastructure, education; some see plan as risky

RIYADH/DUBAI, April 14, (RTRS): In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. One company manager at the event told Reuters that officials from about 30 Saudi government …

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Kuwait richest among frontier economies

Over the past few years, investors, policy-makers and researchers have increasingly stressed the importance of considering frontier markets and frontier economies as part of the investment opportunity set as well as a source of diversified growth. In standard macroeconomics and development economics1, the theories of economic growth and growth convergence …

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Kuwait govt, Parliament drafting laws to shore up the economy: MP – Declining oil prices will not affect state development schemes

KUWAIT CITY, April 10, (KUNA): The Government and the National Assembly (Parliament) are currently working out a set of legislations intended to remedy economic issues, affirmed MP Dr Yousef Al-Zalzalah on Sunday. “We are seeking to accomplish them in proper time for sake of salvaging the economic conditions that have …

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