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Business

Gulf Bank records KD 17.3 mln in net profit for first quarter

‘We have achieved major milestones within our 5-year strategy’ KUWAIT CITY, April 26: Gulf Bank K.S.C.P. announced its financial results for the first three months …

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PAI to establish first industrial zone in Kuwait to recycle industrial waste

KUWAIT CITY, April 26: The industrial sector is close to establishing the first industrial zone in Kuwait specialized in the recycling of industrial waste and …

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Finance requested to okay project documents related to ‘Cargo City’

Global bid limited for a period of 20 years KUWAIT CITY, April 26: According to informed sources, the Directorate General of Civil Aviation (DGCA) has …

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Focus on issues faced by construction sector

If we take a closer into the government’s construction program, which constitutes a bulk of the financial obligations and spending of the government; it becomes …

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Railway tender closing date extended by one month

KUWAIT CITY, April 25: The Central Agency for Public Tenders announced the extension of the deadline for closing the tender for the study and design …

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SPETCO continues to implement contract to install pumps for KOC; 7 years contract worth $172 mln

KUWAIT CITY, April 24: MEED magazine reported that the Kuwaiti company SPETCO is proceeding with the implementation of a contract to supply and install suction …

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KIPCO signs agreement to sell stake in Gulf Insurance

Purchase price set at two dinars per share KUWAIT CITY, April 24: Kuwait Projects Company (Holding) announced that it entered into a binding agreement to …

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Kuwait least active Gulf market

KUWAIT CITY, April 24: A report issued by the STR Research Corporation stated that the number of hotel rooms currently under contract in Kuwait is …

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Inflation Rate in Kuwait Jumps 3.7 Percent on Yearly Basis in March

KUWAIT CITY, April 20:  The Central Statistical Administration has reported that the consumer price index, which measures inflation, in Kuwait increased by 3.7% on an …

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Credit Bank finances 10,000 housing units

KUWAIT CITY, April 20: The Kuwait Credit Bank announced the financing of 10,000 housing units within sectors N4_N3_N2_N1 in the city of Al-Mutlaa, to be …

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