Executive Director of the Supervision Sector at the Central Bank of Kuwait, Waleed Al-Awadhi said that the digital banks will have no branches.

Owners of the Starbucks franchise value the business at $15 bn.

Kuwait said Thursday the interior and defense ministers had resigned, after they protested the manner of parliamentary questioning of ministers in the oil-rich Gulf emirate.

The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.

Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ program

Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope: for both business and the environment!

A UN commission set up to obtain reparations from Iraq over the country's 1990 invasion of Kuwait submitted its final report in Geneva on Wednesday after paying out $52.4 billion to the small Gulf state. The last payment was made on January 13 totaling nearly $630 million.

The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention.

Kuwait will ban a new film adaptation of Agatha Christie's whodunnit "Death on the Nile" with a cast of Hollywood stars including Israeli actress Gal Gadot, authorities said Sunday. The film, directed by and co-starring Kenneth Branagh, is due for release this month in the United States. The story is...

GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.

Kuwait said Sunday that a Lebanese response to a list of suggested measures to ease a diplomatic rift with Gulf Arab countries is currently under review. Kuwaiti Foreign Minister Sheikh Ahmed Nasser al-Mohammed Al-Sabah said that receiving the response was a "positive step by the Lebanese authorities".

Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.

Tunisian Foreign Minister Othman Jerandi has lauded Kuwait for its role in finding peaceful solutions to crisis plaguing the Arab world. He made the comment, in an interview with KUNA, on the eve of his visit to Kuwait.

The downgrade reflects ongoing political constraints on decision-making that hinder addressing structural challenges related to heavy oil dependence.

US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as an "advancer of peace." Blinken was quoted by local media as saying, "Kuwait plays, an almost unique role that it plays as a facilitator, mediator, advancer of peace and leading...

Revenues are projected at $62.2 billion, up 72.2 percent from the current fiscal year's estimates.

The Gulf region stays strong both regionally and globally in terms of the number of internet users and the populations with maximum number of cell phones.

Kuwait's foreign minister said Sunday that he has given Lebanese authorities a list of suggested measures to be taken to ease a diplomatic rift with Gulf Arab countries. The proposal were delivered to Lebanon's PM Najib Mikati and President Michel Aoun by Kuwaiti Foreign Minister.

Several countries — ranging from regional ones like Qatar, Bahrain, Kuwait, Iraq, and Egypt, to Russia and the US — have come together to condemn the attacks. US National Security Advisor Jake Sullivan has even said his country would “work with the UAE and international partners to hold [the Houthis]...

The first Kuwait Arabian Horse Beauty Championships, which concluded on Saturday, saw the participation of 450 horses from various domestic stud farms. On the last day of the four-day event hosted by Bait Al-Arab track of the Arabian Horse Center, breeders of the purebred horses were honored by the organizers....

The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited plots of land, capitalizing on government subsidies and transforming residential units into rental houses. In 2022, the housing rates may drop by five percent if interest rates are increased on...

"The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.

A fire at a gas liquefaction unit in Kuwait's largest refinery Friday left 10 people injured before it was put out, the plant's operator said. The blaze "erupted during maintenance work" on the unit at Mina al-Ahmadi refinery, 40 kilometres (25 miles) south of Kuwait City, state-owned Kuwait National Petroleum...

The Federation of Arab News Agencies (FANA) has stressed on the significance of the Palestinian cause and flayed the attempts of some agencies to block the information related to the issue. FANA approved a memo on dealing with global platforms on the conclusion of its 48th General Assembly on Wednesday,...

Kuwait's National Council for Culture, Arts and Literature (NCCAL) and Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed on Monday the means of promoting cooperation between the two organizations. The Secretary-General of NCCAL Kamel Al Abdul Jaleel met with visiting chief of ISSCO Salem Al Malik in Kuwait. The...

Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow.

The Kuwaiti bank’s lending amount was spread across 23,000 loans.

Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.

Kuwait will increase its crude production by 27,000 barrels per day (bpd) to 2.6 million bpd from 1 Feb. 2022 in compliance with its new crude output quota after the OPEC and non-OPEC alliance's decision to upwardly adjust output level by 400,000 bpd as of next month. Deputy Prime Minister...

Al-Ghais, who was Kuwait's OPEC governor from 2017 to June 2021, serves as a deputy managing director of the Kuwait Petroleum Corporation (KPC). His decades of experience in the industry include stints in Beijing and London for the state oil corporation.

Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant. In a series of statements overnight Sunday, the oil-rich Gulf state also urged  Kuwaitis already there to return home because of the surge in cases on the continent. The foreign ministry...

Prime Minister Sheikh Sabah Al Khaled Al Hamad Al Sabah’s new cabinet represents Kuwait’s fourth government over the last year and a half.

Kuwait's leading Islamic bank, Warba Bank, celebrated the listing of the bank's $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai with the ringing of the market-opening bell by its CEO Shaheen Al-Ghanem. Emirati media reports said this is the third Sukuk listing by Warba Bank on Nasdaq Dubai, following the...

Kuwait will host the third Gulf Games from May 11-21, Secretary-General of Kuwait Olympic Committee Husain Al-Musallam said on Sunday.    Al-Musallam told KUNA that the new timing of the games was set after the Executive Board had announced the postponement of organizing the event, which was planned in Kuwait...

It is also meant to provide basic building materials for temporary shelters, to rehabilitate and improve sites' and water sources infrastructure

The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that were affected the hardest during the Covid-19 crisis, Chief Economist at Oxford Economics Middle East, Scott Livermore, tells TRENDS in an interview.

The ministry said in a statement that the personnel were actually engaged in routine upgrade of the licenses' data system.

Holders of Saudi passports can travel to up to 34 countries without a visa, and may obtain a visa at the airport in 42 countries.

Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.

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...

Iraqi fishermen live in constant fear of arrest by Iran or Kuwait for mistakenly straying across frontiers.

It was meant to compete with the Taj Mahal in grandeur, but former Iraqi dictator Saddam Hussein's monumental Al-Rahman Mosque project was never completed. Instead, the half-finished edifice of grey concrete stands in the heart of Baghdad as a testimony to the sectarian and political strife that has shaped much...

Kordahi had been in the eye of the storm for criticizing the Saudi-led military intervention in Yemen during an interview that was recorded before he became minister in September. The interview was aired on Lebanese TV after he joined the cabinet, and his comments angered Saudi Arabia, Kuwait, Bahrain, and...

Kuwait Theater Festival is a civilizational platform that contributes to the development of the cultural and theatrical movement in Kuwait, said Kuwait's Minister of Information and Culture, and Minister of State for Youth Affairs Abdulrahman Al-Mutairi. The 21st edition of the festival opened on Wednesday under the patronage of Al-Mutairi...

Director-General of the Kuwaiti Public Authority for Sport Humoud Flaiteh has said that new sports rules will be adopted soon, allowing football, handball, volleyball and basketball players to be dedicated to their games during a sports season. Local media reports said that distinguished individual athletes representing Kuwaiti national sports teams...

Kuwaiti director Maysaa Al-Mumin received, Thursday, special mention for film, "J'ai Le Cafard" or Daughter of Wardan, in fifth edition of Lebanese's sci-fi and horror film festival, Maskoon.

The visit by Ali Bagheri, Tehran's chief nuclear negotiator, is the first to Gulf Arab states by an official of the new government of Iran's President Ebrahim Raisi. The UAE downgraded ties with Iran in 2016 amid rivalry between its ally Saudi Arabia and the Islamic republic.

Kuwaiti MP Dr Hamad Al-Matar has been elected as a member of the Inter-Parliamentary Union (IPU)'s Committee on Sustainable Development, which comprises 18 members from across the world. The IPU is the global organization of national parliaments that "empowers parliaments and parliamentarians to promote peace, democracy and sustainable development". Matar...

Passengers on BA flight 149 were taken off the Kuala Lumpur-bound plane when it landed in the Gulf state on 2 Aug. 1990, hours after Saddam Hussein's troops swept in.

The Central Bank of Kuwait (CBK) has launched the fourth round of the Certified Shariah Auditor program to strengthen the Shariah supervision of Islamic banks in Kuwait and reinforce Shari'ah-compliant auditing in such banks. The CBK organized the new edition of the program as part of the "Kafa'a Initiative", which...