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Wednesday , March 29 2023

Business

Oil price rise sparks revenue surge

KUWAIT CITY, March 7: Global Finance magazine revealed that high oil prices in 2022 led to an increase in Kuwaiti crude revenues by 85%, which …

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‘Commerce’ to reorganize sale of subsidized construction material

KUWAIT CITY, March 6: The Minister of Commerce and Industry, Mazen Al-Nahedh, has suspended the implementation of Ministerial Resolution No. 30 of 2023 regarding the …

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MoSA plans to ban direct contact between co-op boards, investors

‘Prior approval from ministry mandatory’ KUWAIT CITY, March 6: The Ministry of Social Affairs (MoSA) intends to issue a new regulation as part of the …

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Delay in maintenance tenders stare in face of power ministry

KUWAIT CITY, March 5: The Ministry of Electricity and Water is facing a difficult test, threatening the accuracy of the assurances it had given earlier, …

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PART rejects Fahaheel project in its current form

KUWAIT CITY, March 5: The Kuwait Municipality recently approved the request of the Public Authority for Roads and Transportation (PART) to develop the Fahaheel Expressway …

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Study of Russia’s monopoly in energy supply to Europe

ONE of the main consequences of the Russian invasion of Ukraine is the loss of Russia’s grip on its gas and oil supply to Europe, …

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Kuwaitization project on hold; Co-ops law creating hurdle

KUWAIT CITY, March 4: The project to appoint national workers in supervisory and leadership positions in the cooperative societies sector is clashing with the articles …

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KPC looks at fierce competition from int’l companies to obtain Kuwait oil contracts

Duqm Refinery 97% complete KUWAIT CITY, March 2: The Kuwait Petroleum Corporation is at the center of fierce competition from international companies which are competing …

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MoH stresses need of investing in healthcare services

KUWAIT CITY, March 2 : Assistant Undersecretary of the Ministry of Health for External Health Services Affairs, Dr. Yaqoub Al- Tamar Thursday underlined the necessity …

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KUFPEC opts out of losing project in the Philippines

Co entered into Galoc production project during fiscal 2012 KUWAIT CITY, March 1: An informed oil source confirmed that the Kuwait Foreign Petroleum Exploration Company …

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