Browsing: Kuwait

Kuwait said Wednesday its refining capacity had reached a record 1.8 million barrels per day as it inaugurated one of the region’s biggest refineries which started operating at full capacity in recent months.

KUWAIT – The volume of non-oil trade exchange between Kuwait and Pakistan reached USD 590 billion in 2023, Undersecretary of Ministry of Commerce and Industry Ziad Al-Najem said Tuesday.

RIYADH: Saudi exploration service provider ADES Holding Co. has secured a SR2.42 billion ($645.3 million) deal for six onshore drilling contracts with Kuwait Oil Co., marking an expansion of its operations. 

The GCC also succeeded in enhancing its regional and international role, becoming a key partner in achieving international peace and stability, he noted

Steven Sahiounie, journalist and political commentator Dr. Waleed al-Tabtabai, a former Kuwaiti member of the National Assembly, and a man…

raders monitor stock information at the Borsa Kuwait Stock Exchange, in Kuwait City, Kuwait November 9, 2016. Image used for illustrative purpose. Stephanie McGehee

Kuwaiti Emir Sheikh Meshal al-Ahmad al-Jaber al-Sabah on Wednesday sent Turkish President Recep Tayyip Erdogan a cable of appreciation after…

The main commodities imported by Egypt from Kuwait in the same year were: fuels, mineral oils, and distillation products ($2.7bln), organic chemicals ($12.2mln), plastics and related articles ($10.2mln), and iron and steel ($2.8mln)

Kuwait – The decrease in oil prices led to a 10% decline in Kuwait’s trade surplus value in January compared to the same period last year, dropping from 1.2 billion dinars to 1.1 billion dinars, reports Al- Qabas daily.

Kuwait’s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% y/y, higher than the 2.6% y/y forecasted earlier in January 2024 owing to expectations of phasing out of OPEC+ production cuts, according to Kuwait Financial Centre (Markaz).