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UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

Eid Al Adha

Kuwait announces Eid Al Adha holidays for public sector

All state entities and ministries will be on holiday from Sunday, July 10 until Thursday, July 14

Kuwait

Kuwait seeks to invest $750m in Pakistan projects

Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Kuwait

Kuwait cabinet resigns as parliament moves to oust premier

The prime minister had submitted his resignation letter to the country’s ruler

New e-grocery startup Raha launches in Kuwait

Raha raised $7m in its seed round of funding, led by Saudi’s Aujan Investments, Kuwait’s NOX Management and London-based Cedar Mundi Ventures

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Kuwait’s Ali Alghanim plans rare family-owned local listing

The company will sell a 45 per cent stake in the listing

World’s oldest sovereign wealth fund makes London hiring push

The Kuwait Investment Office recruited Arne Hassel as chief investment officer in November

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

boursa kuwait

Kuwait bourse plans derivatives trading amid push for more IPOs

The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year

UAE’s ADX, Boursa Kuwait and Kuwait Clearing Company sign MoU to enhance market liquidity

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

One of the world’s biggest wealth funds targets sustainable finance

Kuwait Investment Authority has applied the ESG standard set by an independent globally-recognised ESG benchmark provider

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Kuwait Gulf Oil Company implements Oracle cloud applications to drive business growth

More than 60 core business processes automated to enhance efficiency, drive business continuity and enable seamless remote working

OPEC picks Kuwait’s Al-Ghais as next top diplomat

Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August

Covid-19: Kuwait advises citizens in UK to leave country

The Embassy also called on citizens to adhere to the Kuwaiti Foreign Ministry’s recommendations to postpone travel to the UK

Kuwait’s $33bn holding firm Kipco appoints Sheikha Dana as CEO

She will replace Faisal Al Ayyar, who will retire as the CEO after more than 30 years with the company

Voices from the top: Sheikha Intisar Alsabah, Kuwaiti social entrepreneur

Social enterprises Intisars and Ebbarra Jewelry equip women with daily reminders and tools for self-empowerment

Kuwait isn’t planning to follow UAE and change weekend

The UAE said on Tuesday it will move its weekend to Saturday and Sunday

Airbus wins 28-plane A320neo order from Kuwait’s Jazeera Airways

Jazeera already operates an all-Airbus fleet of original-generation A320s and eight A320neos

Kuwait cabinet quits in step toward ending political impasse

It’s the third government to resign in a year

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007

Kuwait opens Covid-19 vaccine registration for children aged 5-11

After registering online on the health ministry’s website, legal guardians of the children will receive a text message on the date, time and place of vaccination

Kuwait’s wealth fund plans to invest in Saudi green initiatives

The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017

UAE’s Pure Harvest Smart Farms secures funding worth $64.5m to accelerate expansion

The company operates three farms in the UAE

Kuwait eases all Covid-19 restrictions with airports at full capacity, no mask mandate for outdoor activity

Worshippers in mosques can also now pray in “stacked rows” without distancing

Fire breaks out at Kuwait’s Mina Al-Ahmadi refinery, injuries reported

The refinery’s export operations have not been affected

Senior Kuwaiti official probed over ‘unauthorised’ decision to ban expats over 60

The decision to ban expatriates aged over 60 who do not hold a university degree from renewing their work permits has been revoked