Kuwait Fire Service Directorate (KFSD)'s teams have put out the fire that broke out earlier in Sheikh Jaber Al-Ahmad Cultural Center in Kuwait city on Monday, without human losses or injuries.
Five departments of the directorate took part in (...)
Kuwait National Technology Enterprises Company NTEC inked Saturday a deal with Heliocentris Energy Solutions AG, a leading specialist in environmentally friendly energy storage solutions based in Berlin, to establish Heliocentris Energy (...)
Kuwait Energy Company announced Saturday a new successful discovery of an oil well, (West Ahmad-1X), that is located in (Area A) concession near the Shukheir North West Field in the Gulf of Suez, Egypt.
In a statement, the company said initial (...)
Contributions made by small and medium sized companies in GCC economies are humble, said a report issued by Kuwait Finance House (KFH).
Up to 40 percent of small and medium companies' sector in Kuwait work in retail where financing is the most (...)
The Saudi consumer market gains increasing importance to Kuwaiti exporters, said Chairman of Kuwait Industries Union Hussein Ali Al-Kharafi, in remarks he made Wednesday to KUNA, on the sideline of his visit here at the head of a Kuwaiti industrial (...)
The OPEC daily basket price rose by $1.09 to $116.27 a barrel Thursday, said the organization's bulletin Friday.
OPEC's annual average price last year stood at $107.46.
The new OPEC Reference Basket of crudes (ORB) is made up of Kuwait Export (...)
General at the Arab World Institute (IMA), Mona Khazindar, has been elected “Woman of the Year 2012” by the Arab Women's Forum, winning out over several prominent Arab women who have made the headlines in the past 12 months.
The Paris-based (...)
Kuwait's Central Bank Governor Sheikh Salem Abdulaziz Al-Sabah (C) poses on stage with Gulf Bank Governors and officials at the third Kuwait Financial Forum in Kuwait City Monday. Pictured with Al-Sabah are (L-R) Jordan's Central Bank Governor (...)
Banks in the Gulf Cooperation Council (GCC) member states should introduce new regulations to ensure smooth management of liquidity and credit risks as well as to fully comply with the Basel III requirements, United Arab Emirates (UAE) top banker (...)
During its participation here in the Saudi Build Expo 2011 along with several Saudi companies and more than 700 participants from 34 countries, Kuwait, represented by the Public Authority of Industry, is showcasing samples of local products that (...)
State revenues have been increasing on continuous basis, according to a report made public Saturday by Shall Consulting and Investment Company.
Total actual revenues amounted to KD4.7 billion till the end of May, two months of the 2011-2012 fiscal (...)
Up to 80 inventions from 22 Arab and foreign states have been accepted for taking part in the 4th International Invention Fair in the Middle East 2011, due to be held by the club on Nov. 21-24, under auspices of Amir Sheikh Sabah Al-Ahmad Al-Jaber (...)
Kuwait's current account surplus reached KD10.6 billion, or 29 percent of GDP, up from KD2.6 billion in 2001, the National Bank of Kuwait said Saturday.
It said the current account surplus is the sum of the balance of trade in goods and services, (...)
MANAMA: Bahrain is seeking to upgrade capacity of the national oil refinery from 267,000 barrels per day to approximately 400,000 bp at a projected cost of $6 billion, the Minister of Energy said Monday.
Abdul Hussein Mirza said in an interview (...)
KUWAIT: Kuwait's Directorate General of Civil Aviation said Thursday that it signed an agreement and Memorandum of Understanding (MoU) with Saudi Arabia in the domain of air transport services as a culmination of the bilateral talks between the two (...)
GENEVA: GCC health ministers have approved common standards for pricing medicines in the countries of the council, adopting the import price registered in Saudi Arabia or the lowest rate.
This decision was taken during the 71st meeting of the 36th (...)
Kuwait Stock Exchange and the Saudi bourse have been distinguished with the best performance among the regional finance markets since start of the year.
A report released by the Kuwaiti Projects Company for assets management early in the week said (...)
The Arab fund for supporting small and medium-sized development projects has now received $1.25 billion in contributions out of the targeted $2 billion, the Arab League said here Monday.
The fund was launched during the first Arab Economic and (...)
Kuwait Oil Company (KOC) announced Tuesday discovery of light crude oil and gas field in the northwest of Kuwait.
KOC Chairman and Managing Director Sami Al-Rushaid, making the announcement during a ceremony marking KOC's 75th anniversary, said the (...)
The upcoming GCC summit in Kuwait will be the launch pad for the unified Gulf currency, Deputy Premier and Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah said Wednesday.
Hoping for the United Arab Emirates (UAE) and the Sultanate of (...)
Israel's military aircrafts shelled tunnels along the Egyptian borders with Gaza on Monday.
An Israeli air strike where three rockets where launched from F16s damaged a number of tunnels and houses located in the area, Palestinian sources told The (...)
Three Kuwaitis have decided to travel around the world on their motorcycles, to be the first from Kuwait to embark on such a biking adventure which they have called "Our Shared Planet."
Muhanad Al-Sultan, Hussein Ashkanani and Ali Albairami (...)
Kuwait's National Assembly (parliament) renewed confidence in Interior Minister Lt. Gen. Sheikh Jaber Khalid Al-Sabah (ret.) on Wednesday.
The vote, which followed a debate for and against the withdrawal of confidence, showed 30 MPs were against (...)
GCC economies are expected to slip into a recession in 2009 as a result of the severe deterioration in the global economic scene, said the National Bank of Kuwait (NBK) in a report on Saturday.
The report entitled “GCC: Fiscal stimulus and reforms (...)
