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Kuwait’s Jazeera Airways to launch new route to Turkistan

The new service will commence on December 3, and service demand for religious and cultural tourism

Kuwait

Kuwait posts smaller deficit for last fiscal year on higher oil

The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn

Kuwait

Kuwait commits to reach carbon neutrality in oil and gas by 2050

Kuwaiti foreign minister Sheikh Salem Abdullah Al-Jaber Al-Sabah said that the country executed many projects to preserve the environment and reduce emissions

Kuwait starts commercial operations at new Al-Zour mega-refinery

Kuwait starts commercial operations at new Al-Zour mega-refinery

Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East

AirArabia-Abu-Dhabi

Air Arabia Abu Dhabi marks first flight to Kuwait

Air Arabia Abu Dhabi now operates 28 direct routes from the capital

Wizz air

Wizz Air Abu Dhabi commences first flight to Kuwait

The new route will strengthen connectivity within the GCC

National Bank of Kuwait reports $1.2bn in net profit

National Bank of Kuwait reports $1.2bn in net profit for first nine months of 2022

Net profit increased 46.9 per cent year-on-year from $819.9m recorded during the same period last year

Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah reappointed as Kuwait’s Prime Minister

The premier has been assigned to nominate members of the new cabinet

Kuwait Airways

Kuwait Airways launches service to Kuala Lumpur

The first flight to the Malaysian capital took off on October 2

agility

Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket

The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets

Kuwaiti conglomerate Alghanim Industries

Kuwaiti conglomerate Alghanim Industries weighs $1bn IPO

Deliberations about a potential listing are in the early stages and no final decisions have been made

Kuwait Airways to operate 13 daily flights for FIFA World Cup

The airline would offer packages – that would include flights and tickets to the matches – starting from KD200

Cover story: Why Kuwaiti entrepreneur Talal Al Ajmi is heavily invested in the future

Founder and CEO of VI Markets, Talal Al Ajmi tells us how investing in technology has been key to his company’s growth

OPEC Haitham Al Ghais

Haitham Al Ghais takes office as OPEC Secretary General

He was appointed for a three-year term at the special meeting of the OPEC Conference held on January 3

Kuwait prime minister

Kuwait names Sheikh Ahmed Nawaf as new prime minister

The prime minister is appointed by the ruling family and governments

Kuwait Finance House

Kuwait lender KFH to buy Bahrain’s Ahli United for $11.6bn

The potential combination would create the Gulf’s seventh-largest lender with $115bn in assets

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