Modest oil price recovery to boost GCC growth, says IMF
Modest recovery in oil prices is unlikely to improve growth prospects for Middle East oil exporting economies, with projected average
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Arabian Business
Kuwait’s KIPCO starts construction on multi-billion dollar real estate project
Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2-$2.5 billion
Read moreKuwait shows ‘willingness’ to push through reforms, says IMF.
Kuwait’s government is showing a willingness to push forward fiscal reforms including subsidy cuts needed to support its currency in
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Kuwait sovereign wealth fund may sell assets to cover deficit.
Kuwait’s sovereign wealth fund, one of the world’s largest, is considering selling assets to cover a state budget deficit caused
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Kuwait to raise up to $3.3bn annually from new companies tax.
Kuwait expects to raise between KD800 million and KD1 billion ($2.6-3.3 billion) every year when a new corporation tax is
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Kuwait deficit rises to $3.62bn in five months.
Kuwait’s budget deficit in the first five months of its fiscal year stood at 1.094 billion dinars ($3.62 billion) after
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‘Reem Island Ghost’ executed for killing American teacher.
The United Arab Emirates executed a UAE woman convicted of terrorism early on Monday after the militant-inspired killing of an
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Saudi Arabia summons Iran ambassador after poisoning of Saudis.
Saudi Arabia summoned Iran’s ambassador on Tuesday after four Saudis died from poisoning in the northeast Iranian city of Mashhad,
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100 most powerful Arabs under the Age of 40.
Egypt’s Jawad Nabulsi has been named the world’s most influential young Arab, according to a new ranking published by Arabian
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“We have to live either $80 or with $60,” says Kuwait oil minister.
Kuwait’s oil minister said on Wednesday the Organisation of the Petroleum Exporting Countries (OPEC) member will have to accept any
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Oil giant Shell sells $1.1 billion of natural gas assets to Kuwait.
World oil giant Royal Dutch Shell said on Monday it had agreed to sell stakes in a gas project in
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The Top 25 developers in the GULF Countries.
It’s a well-established maxim that within typical property and construction cycles, it is the developers who feel the pain of
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Kuwait Finance House sells properties worth $298m
Kuwait Finance House (KFH) has announced the sale of 16 real estate assets for KD84m ($298m) as it reorganises its
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