Latest Kuwait News
Law may help achieve financial stability
A senior Kuwaiti official on Monday said that a regulation to achieve financial stability in the country would be a precautionary measure to deal with international economic meltdown.
Companies expect negative outcomes during second quarter of 2009
About 74 percent of Companies in Kuwait are expecting negative outcomes during the second quarter of 2009, owing to global economic recession, the survey said.
GCC businessmen urge banks to ease lending rates
Businessmen across the GCC have urged banking regulators in member-countries to ease lending rates to help the private sector tackle mounting recession.
$5bn Stimulus Package finally receives a go-ahead
The long-awaited $5bn Stimulus Package has been finally implemented in Kuwait yesterday, aiming to shore up the economy amidst the times of financial crisis.
Kuwait parliamentary elections scheduled for 16th May
The Kuwaiti Cabinet has announced a decree setting May 16th 2009 as the final date for snap parliamentary elections.
Jazeera Airways kick-starts the Happy Hour offer today
The leading Kuwait and Dubai based budget airline, Jazeera Airways, has launched the Jazeera Airways Happy Hour on its website, offering a special offer daily, on a chosen number of routes between 1:00pm to 2:00pm Kuwait time, on all seven days of the week, for the next one year.
Kuwait experiencing major economic crisis
Kuwait is experiencing real economic crisis which has led to a significant cut on public spending, the officials say.
Kuwait, UAE severely hit by global economic crisis in GCC
Countries that have economies that are more integrated into the global economic network are likely to be more severely affected by the global slump, and as far as the Gulf region is concerned, this includes the UAE and the Kuwait.
Kuwait unveils its first Theme Park at Jahra
The first theme park in Middle East, namely The 99 Village Theme Park, was unveiled last week at Jahra in Kuwait.
Kuwait Cabinet sanctions economic stimulus plan
Outgoing Kuwait Cabinet, today approved a multi-billion dollar economic stimulus plan to underwrite fresh bank loans, and to assist distressed investment firms, the Finance Minister Mustafa al-Shamali, has announced.
Kuwait Parliament dissolved for the second time in a year
The Emir of Kuwait dissolved Parliament for the second time in a year, on Wednesday, following a new row between the Cabinet and the MPs.
Experts suggest ways to see opportunities in times of crisis
Experts in the international real estate market predict that the global economic turmoil is likely to continue during the current year, but, even during these volatile times, there are attractive investment opportunities for those seeking to invest.
