INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

China offers Kuwait help in developing its ports to boost maritime trade

Shuwaikh Port, Kuwait.
  • Chinese port official stresses the significance of port facilities in international maritime trade.
  • Kuwait's imports from China were worth $4.94 billion during 2020, according to the UN database on international trade.

China is willing to assist Kuwait to develop its ports given the significance of such facilities in the ##international maritime trade.

This was stated by Shanghai International Port Group chief Gu Jinshan during talks with Kuwait’s Consul General in Shangai Mishal Al-Shamali. The talks focused on plans to bolster bilateral cooperation, local media reports said.

Kuwait stands to gain from China’s “expertise” on port development and management, said the diplomat, citing Shanghai port as among the world’s busiest and most connected, even as global shipments were brought to a standstill during the COVID pandemic.

He praised Shanghai port’s use of “smart technology” to better manage day-to-day operations at the facility, saying that Kuwait looks to benefit from China’s knowledge on the matter.

Kuwait’s imports from China were worth $4.94 billion during 2020, according to the United Nations COMTRADE database on international trade.

Electrical and electronic items formed the bulk of the imports, followed by machinery and boilers.