However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and pragmatic approach to strengthen the strategic partnership between the 27-member bloc and the GCC. In the new positive climate in EU-Gulf ties, talks on the FTA are likely to resume...

Airfares to some destinations from Kuwait have dropped by 50 to 200 percent after operations at Kuwait International Airport resumed full capacity in the last week of October. Nassib Adnan, the deputy director of a travel agency, said the Kuwaiti Cabinet's decision to reoperate the airport fully contributed to cutting...

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

The issue's maturity period is six months, with a return rate of 1.250 percent.

Mubarak Jaffar, CEO of the cloud-kitchen firm KLC company, tells TRENDS how virtual kitchens are feeding a growing demand.

In oil exporting countries, the fiscal deficits in 2020 will be replaced by large surpluses in 2021 and 2022, mainly in GCC. If oil prices average US$ 81/b in 2022, fiscal balances in Saudi Arabia, the UAE, Qatar, Iraq, and Oman are projected to be higher than 3% of GDP.

Growing costs and a drop in purchasing power are seen as deterioration of the standard of living Kuwaitis have been accustomed to for years.

Budget deficit of Kuwait has spiraled 175 percent to $35.5 billion in 2020-2021, the highest in the country’s history.

Kuwait is to limit the number of visas it issues for Lebanese nationals as a diplomatic row festers between Beirut and Gulf states, a security source in the emirate said Wednesday.

“The governments of the UAE and Bahrain, in light of the fraternal ties and long-term mutual interests between the two countries, consider their joint objectives and interests embodied in the articles of incorporation of the Gulf Cooperation Council (GCC),” said a joint statement quoted by Reuters.

Financial technology, or fintech, automates and improves the delivery of financial services.

The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening of two outlets in the kingdom in the next four years.

The commander of the drill, Colonel Nayef bin Al-Humaidi, said that this drill comes with the aim of strengthening military relations.

The government is breaking at the seams over a series of disputes involving a probe into last year's monster port blast, and remarks by Information Minister George Kordahi over the Yemen war that sparked reprisals from Saudi Arabia and its allies.

Kuwait has received additional reparations of almost $500 million for Iraq's 1990 invasion, the Iraqi embassy in Kuwait said.

The airline registered a net profit of KD 11.8 million in the Q3.

The move came a day after recalling its diplomats from Beirut over a Lebanese minister George Kordahi's remarks that Iran-backed Huthi rebels in Yemen were "defending themselves... against an external aggression", sparking a diplomatic row.

Kuwait has recalled its ambassador from Beirut and has given the Lebanese envoy 48 hours to leave the emirate, the foreign ministry said Saturday, quoted by state news agency KUNA.

In June, the government passed the budget for 2021-22, which projected spending of US$ 76 billion and a deficit of US$ 40 billion.

Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.

The bank suffered a net loss of KD 7.9 mn in first nine months of 2020.

The Kingdom has implemented measures and worked on significant improvements as part of its Vision 2030 to diversify sources of revenue.

KOC plans to hike capacity to 3.2 million bpd by 2025.

Kuwait International Airport will gradually operate commercial flights for all aviation companies.

Defence Minister Hamad Jaber al-Ali al-Sabah said the door had been opened for women to join various combat ranks, including as officers.

Through the use of sand and light to the sound of music, Kuwaiti Sulaiman Al-Enezi portrayed images of great accomplishments and patriotism in the Gulf Arab region at his country’s pavilion one week into Expo 2020 Dubai on Thursday. An interactive sand painting by the artist to attending crowds depicted...

The Kuwaiti cabinet has instructed the Public Authority for Agricultural Affairs and Fish Resources to plan for this.

KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of Commerce and Industry have discussed ways of boosting cooperation and promoting investment opportunities in the two countries. The discussion happened at a meeting attended by Abdullah Mohamed Al Mazrouei, Chairman...

Bahrain plans to double its VAT rate to 10 percent, which is likely to drive its citizens to shop in the neighboring United Arab Emirates.

Fahad Hejji, the First Secretary of the Permanent Mission of the State of Kuwait to the United Nations, has said at the UN that women from his country play a significant role in the development and modernization of society, and they have offered invaluable contributions to the national efforts to...

DUBAI: Kuwait's participation at Expo 2020 Dubai is "biggest" in terms of pavilion size and range of activities, the pavilion's director said on Thursday. A total 200 government and private bodies across a diverse array of sectors are set to contribute to the booth over the coming six months, Bader...

Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.

Kuwait will nudge job seekers in the country toward the private sector in order to reduce state wage bill. The country’s cabinet has asked its Manpower Authority to get another 100,000 citizens working in the private sector in the next four years.

Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.

The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, during a meeting with Shanghai Deputy Mayor Zhong Ming, said that the development of ties between both sides in all fields was explored.

The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.

Lebanese Prime Minister has confirmed that his country has reached out to Arab and Gulf nations for help, but the much-needed financial and economic aid to crisis-hit Lebanon is still locked until the government accomplishes fundamental reforms.

The Kuwait Direct Investment Promotion Authority has taken steps that have led to several foreign technological firms opening offices in the country.

First Dubai Real Estate Development Co. board cleared the $51.4m deal.

DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate numbers continued to decline, a report said. More than 56,000 expats left the country in the first half of this year, pushing the total departures to about 190,000 since the...

Iran’s moves could ultimately contribute to building regional relations based on mutual cooperation and respect.

Kuwait is looking to revitalize its tourism industry, and in this regard Kuwait Touristic Enterprises plans to increase its capital to $996 million.

There has been a massive growth in content creation and learners' demand in last two years as the pandemic puts focus the importance of e-learning in the region.

The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of expatriates in Kuwait dropped to 56,300 in the first half of 2021, bringing their total to 3.154 million.

Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.

Kuwait's Burgan Bank has been allowed to issue up to $500 million senior unsecured bonds under its Euro Medium Term Note program. In a statement on the Kuwait stock exchange on Wednesday, the bank, which is a subsidiary of Kuwait Projects Company Holding KSC, said it has received approval from...

The memorandum is said to be in line with Kuwait Vision 2035 and the national development plan 2021-2025.

The project linking the six GCC countries is expected to boost exports, diversify mode of transportation and reduce carbon emissions by cutting the need for trucks and cars.

The SWFs of Abu Dhabi, Kuwait and Qatar have underpinned the resilience of their sovereign ratings despite lower oil prices and COVID-19 shock.

The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road Initiative project in September 2013.