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UAE-Kuwait sign MoUs Image WAM

UAE, Kuwait ink multiple agreements, includes Dhs9bn naval contract

The agreements span a wide range of areas, with key MoUs covering healthcare, infrastructure, investment, social development, energy transition, and AI

Dubai Finance, DIFC sign MoU to advance cashless strategy

Eid Al Adha 2025 in the UAE: Likely dates, holidays, and what to expect

The Kuwaiti government has also declared a public holiday from June 5 to 9, suspending work across all state bodies and public institutions

Eid Al Adha 2025: Qatar announces official holidays

The Emir of Qatar has approved the cabinet’s decision regarding the official holiday schedule

Eid Al Adha 2025: Kuwait announces festival dates

The Kuwaiti government had also earlier announced the declaration of a public holiday in observance of the festival

Kuwait announces four-day break for New Year 2023-24 GettyImages-913894628

Curbing inflation: What Kuwait is doing to maintain price stability

The steps are part of a broader ministerial initiative to bring order to market dynamics and prevent price manipulation or supply disruptions

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Kuwait announces Eid Al Adha holidays

Workplaces of an “unconventional” nature may determine their holiday schedules at their own discretion

Kuwait unites oil giants: Merger of KNPC, KIPIC begins

The merger is based on well-studied legal and professional foundations aimed at strengthening Kuwait’s oil sector companies under KPC

Kuwait moves ahead: Gulf rail link design contract signed

The railway will span 111 kilometres within Kuwait, from its southern border with Saudi Arabia in the Nuwaiseeb district to Al-Shadadiya in the north

Eid Al Fitr 2025: GCC countries announce long holidays

March 30 is expected to be the first day of Eid al-Fitr 1446 AH in Qatar

Kuwait’s KPC CEO says oil production capacity exceeds 3 million bpd

Kuwait’s KPC CEO says oil production capacity exceeds 3 million bpd

The country aims to boost its oil output to 4 million bpd by 2035, having previously missed a goal of reaching that level by 2020

Oman

Oman and Kuwait announce Isra Wal Miraj holidays for 2025

Isra Wal Miraj, also known as the Night Journey, is a significant event in Islamic tradition

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank

The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities

Kuwait signs contracts worth KD238m to modernise power, water distillation plants

Kuwait signs contracts worth KD238m to modernise power, water distillation plants

The contracts aim to improve operational performance and extend the lifespan of the existing power and water distillation facilities

AlShaya Starbucks franchise stake sale talks on hold

Kuwait’s Alshaya delays Starbucks franchise divestment

A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999

Kuwait - jet fuel

Kuwait Petroleum became top jet fuel supplier to northwest Europe in 2024

The increase in the European jet fuel market share comes as Kuwait increased its exports of fuel oil, diesel, and jet fuel to Europe by five times until May 2024

KFH offloads entire stake in Sharjah Islamic Bank for Dhs1.3bn

Kuwait’s KFH offloads entire stake in Sharjah Islamic Bank for Dhs1.3bn

The shares were sold to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank

Apparel Group

Kuwait authorities say power cuts are ending soon

The power blackouts have been attributed to a gas supply disruption, which shut down key power stations and desalination plants

Agility posts-Q3-2022-profit - July 16, 2022: HH Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates meets with Joe Biden, President of the US, during the Jeddah Security and Development Summit. Image: WAM

Agility Global reports Q2 net profit of $30m, growth across divisions

Agility subsidiary Menzies, the world’s largest aviation services provider by number of countries, reported $91m in Q2 EBITDA, marking a 27.6 per cent YoY rise

EFG Hermes ONE rebrands, unveils new trading platform

EFG Hermes ONE rebrands, unveils new trading platform

Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT

Exploring Earth's extremes with Yousef AlRefaie

Exploring Earth’s extremes with Yousef AlRefaie

The Kuwaiti adventurer talks about his experiences and his upcoming docu-series, providing insights into the global water crisis and human condition

Boubyan Bank mulls merger with Gulf Bank

Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger

The boards of two lenders have approved the proposal and the Central Bank of Kuwait was notified of their plans

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Kuwait posts budget deficit of KWD1.6bn in FY 2023/24

Oil revenues dropped by 19.4 per cent to KWD21.5bn in FY 2023/24, based on an oil price of $86.36 a barrel, compared to KWD26.7bn a year earlier

climate

‘It feels like 62°C’: Humidity intensifies heatwave in Dubai, Kuwait

Official temperatures in recent days have hovered above the 40°C mark, but the so-called ‘feels like’ temperature has reached 62°C

Jazeera Airways - Kuwait - Microsoft

Global tech outage: DXB, Emirates, Etihad say flights on schedule

Jazeera Air has notified passengers of its operations being impacted in the ongoing global IT outage

kuwait

Kuwait announces ‘giant’ oil discovery

The initial estimated area of the newly discovered oil well is around 96 square kilometres

KUWAIT-AL-ZOUR-REFINERY - KIPIC

Fire breaks out at Kuwait’s Al Zour refinery, production unaffected: KIPIC

There were no casualties and firefighters were working on containing the fire, officials said

Kuwait’s KFH explores Saudi M&A deals in regional expansion drive

Kuwait’s KFH explores Saudi M&A deals in regional expansion drive

The banking group said it was conducting studies on the potential expansion and that these were in line with its strategy envisioning potential investments in the region

KFH plans to acquire a stake in Saudi Investment Bank

Kuwait’s KFH reportedly plans to acquire a stake in Saudi Investment Bank

Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal

Bahrain holiday

Eid Al Adha 2024: Holiday dates for Bahrain, Kuwait and Oman

Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity

KUWAIT-MANGAF-FIRE

Tragic fire in Kuwait’s Ahmadi Governorate claims at least 49 lives

Kuwaiti authorities said that the death toll may go up with many more seriously injured in the blaze