Author: Newsroom
This story is part of the FT Weekend Magazine’s Archives Issue.I never thought I would be so glad to see the Saudi Arabian flag. After several hours in the blistering heat and sandy winds of the Kuwaiti desert, I and my companions could hardly believe that we had reached the frontier and escaped our uncertain fate in Iraqi-occupied Kuwait.We feared that the flag we saw fluttering in the breeze would be Iraqi, but as we approached the border post we could see that it was Islamic green, emblazoned with the Saudi sword and the words:… Source link
MG ZS Kuwaiti Vehicles Market in 2022 totals 119,855 sales, the highest in the last 7 years and a 12.9% increase from the previous one. December grows for the 9th month in a row, with 11,690 new registrations (+31.9%). MG jumps into 7th position. Market Trend and Outlook Following the sharp fall reported in 2020, (-22.6%) the light vehicles market re-gained momentum in 2021 rising 22% by the end of the year. In 2022 the Kuwaiti Vehicles Market totals 119,855 sales, a 12.9% increase from the prior year. This is the… Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Kuwait’s emir has dissolved the country’s parliament following years of political deadlock, accusing lawmakers of infringing on the monarch’s powers and alleging corruption has spread throughout state institutions.Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah said on Friday the democratic process would be revised “in its entirety” and that sections of Kuwait’s constitution would be suspended for up to four… Source link
Kuwaiti companies reported the highest output growth in seven months in December, as the non-oil private sector ended 2025 on a positive note. The headline S&P Global Kuwait purchasing managers’ index (PMI) rose to 54 in December, from 53.4 in November, reflecting the growing strength of the non-oil private sector. A PMI score above 50 represents growth, while a reading below 50 indicates contraction. The Kuwaiti non-oil private sector built momentum through the final quarter of 2025 and is in a strong position as 2026 gets… Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Opec+ said it would proceed with a plan to increase oil production from April, in an unexpected move by the cartel that sent crude prices tumbling.Saudi Arabia and seven other members of the Opec+ group had previously delayed a plan to unwind long-standing output cuts several times and traders had widely expected it to be postponed again.But Opec+ said on Monday it had agreed to proceed with the “gradual and… Source link
Kuwait Auto Market is tracked with the last decade sales figures by all brands and models. You can have access to an Excel Dataset or to a Market Report, including next year’s forecast. Excel Dataset We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country. You can have access to this service: Data by Year/Month/Brand/Model/Segment Historical data (from 2010 to last month) and/or to monthly… Source link
23 large projects to be re-tendered Mix of existing and new developments Seeking consultancy to manage process Kuwait intends to reopen large state-backed projects to fresh competition as it seeks to attract more private investment and improve the way public services are delivered. To kick off the process, the government has issued a tender seeking a consultancy that will oversee the re-tendering of 23 public-private partnership (PPP) deals. The 23 are a mix of real estate, infrastructure and municipal assets. They… Source link
When Faisal checked in at Kuwait’s international airport late last year, he was a jet-setting young businessman with one of the Arab world’s strongest passports. But he never got on the plane, and when he left the airport, he was no longer Kuwaiti.Faisal said he was temporarily detained before boarding and had his passport taken, becoming one of about 42,000 Kuwaitis to be stripped of their citizenship in just over six months. The move to make thousands of citizens stateless is the latest in a series of backsliding moves that has… Source link
The 2024 Cupra Tavascan Kuwaiti Vehicles Market in 2023 grows for 10 months. Total sales reach 140,519 up 17.1% from the previous year. Market leader Toyota continues to increase the gap (+6.4%)on followers. Market Trend and Outlook The Kuwaiti Vehicles Market in 2023 grew 17.1% from the previous year, totalling 140,519. December grows for the 10th month of the year, with 13,320 new registrations (+14.1%). Looking at cumulative data up to December 2023 brand-wise, the leader Toyota at 43,319 sales is back above… Source link
US halts visa processing for 75 nations Twelve Middle East countries affected Kuwait is sole GCC member targeted Twelve Middle Eastern countries, including Kuwait, are among 75 nations for which the US State Department will indefinitely suspend processing of immigrant visas, starting from next week. Applicants from Kuwait, Algeria, Egypt, Iran, Iraq, Jordan, Lebanon, Libya, Morocco, Syria, Tunisia and Yemen hoping to immigrate to the United States will not have their applications reviewed until more stringent protocols are… Source link