Author: Newsroom
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the petrostate will pursue an economic transformation to reduce its reliance on oil after lagging behind regional peers.While Saudi Arabia and Abu Dhabi have set ambitious goals to diversify, spending heavily on everything from artificial intelligence to new cities, Opec’s fourth-largest exporter has remained… Source link
Local and foreign companies invited 500,000-sq-m site in Al Jahra Kuwait trying to revive PPPs Kuwait is seeking private partners to build and run a car-trading complex as it tries to revive long-delayed projects and attract capital into an economy dominated by oil revenues. The Kuwait Authority for Partnership Projects has invited local and international companies to express interest in its Kuwait Motor Auction and Auto Showroom public-private partnership (PPP). The proposed site is in Al Jahra Governorate, northwest… Source link
Kuwaiti Vehicles Market in 2024 posted minimal growth of just 0.3%. Ford edged past Kia to claim 3rd spot, but the standout performer was Jetour, moving several spots closer to Top 10. Economic Environment Kuwait’s economy will remain in recession in 2024, with GDP contracting 2.8% due to OPEC+ production cuts, before rebounding by 2.6% in 2025. The non-oil sector is recovering, projected to grow 2.0% in 2024, while inflation is moderating to 3.0% amid easing demand pressures. Lower oil prices and production have… Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Countries in the oil-rich Gulf have rushed to sell international debt, as their borrowing costs in relation to US Treasury yields fall to some of the lowest levels on record.Saudi Arabia and its state companies, as well as Abu Dhabi, Bahrain and Kuwait, issued more than $27bn in dollar-denominated bonds and sukuk, an Islamic sharia-compliant form of debt, during September, in what bankers and investors said was the… Source link
Bids invited for three power substations Needed for Google Cloud storage centres Kuwait’s neighbours have reliable energy Kuwait has invited bids to construct three power substations that will supply electricity to Google Cloud and Microsoft data storage centres, a move that raises questions about the country’s ability to support energy-intensive cloud infrastructure. The Central Agency for Public Tenders has set February 10 as the deadline for submissions. The move reflects Kuwait’s effort to narrow the gap with… Source link
Kuwaiti Vehicles Market in 2025 expands steadily. YTD figures up to September gained 10.6%, with Toyota staying on top and growing 16.4%. Mitsubishi and Jetour posted the strongest gains, outpacing other top 10 brands. Economic Environment In 2025, Kuwait’s real GDP is projected to grow by 2.6%, recovering from a 2.8% contraction in 2024 as OPEC+ oil production cuts ease and non-oil sectors rebound. Inflation is expected to remain steady at 2.6%, aided by lower food prices and reduced demand pressures. Non-oil… Source link
🤿 Protecting Our SeaBeach clean-up activity to promote environmental love and responsibility.Kuwait Dive Team 🌊 Adventure into the Marine WorldFun scientific experiments and interactive activities to explore marine life.KISR, The Scientific Center, Real Science, Sustainable Living KW 🎨 From Waste to ArtCreative activities transforming waste into beautiful artworks and sculptures.Aya Khair and other artists 🗺️ Treasure & Mineral HuntAn exciting adventure full of discovery and learning.Trashtag Kuwait, Rover Quest Source link
The Times Kuwait Report Philip Morris International (PMI) is accelerating its global transformation toward a smoke-free future, driven by a central scientific conclusion: it is the smoke produced by burning tobacco, not nicotine itself, that causes the greatest harm to health. When a conventional cigarette burns, combustion creates smoke containing thousands of chemicals, many of them toxic and carcinogenic. By eliminating combustion, exposure to these harmful substances can be significantly reduced. This scientific understanding… Source link
Renting a property in Kuwait involves more than just finding the right place to live—it also requires understanding the legalities behind the tenancy contract. A tenancy contract is a legal agreement between the landlord and tenant, outlining the terms and conditions of the rental arrangement. This contract protects both parties by ensuring that everyone understands their rights and responsibilities. In this blog, we’ll explore what a tenancy contract in Kuwait entails, the key components, and what tenants and landlords need to… Source link
The Times Kuwait Report As travel horizons widen for Kuwaiti explorers, Armenia is reasserting itself as a standout destination, blending dramatic landscapes with one of the world’s oldest living civilizations. The journey has become even more accessible following Jazeera Airways’ launch of direct flights to Yerevan, turning the so-called “Jewel of the South Caucasus” into an easy and appealing getaway just two hours away. The growing interest is already evident. In just four months, around 5,000 passengers have traveled on… Source link