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Kuwait Events

Agility set for first independent digital bank license

Agility set for first independent digital bank license
Kuwait-based logistics company Agility - one of the largest in the MENA region- has applied for a licence to establish a digital bank.

GCC banks report record high loans growth in Q2, 2021

GCC banks report record high loans growth in Q2, 2021
Listed banks in the GCC recorded aggregate gross loans at $1.68 trillion at the end of the second quarter (Q2) of the year, a report said.

Iraqi PM to visit Kuwait for business cooperation talks

Iraqi PM to visit Kuwait for business cooperation talks
Iraqi PM Mustafa Al-Kadhimi stated that they are looking forward to establish a joint industrial and commercial zone with Kuwait to further develop the economic partnership.

Kuwait amusement parks to reopen next month

Kuwait amusement parks to reopen next month
Kuwait Amusement parks and kids’ recreational centres to reopen next month.

Expats’ children will be allowed to travel to Kuwait

Expats’ children will be allowed to travel to Kuwait
Kuwait government will not stand in the way of allowing children of expats from travelling to the country.

Kuwait allows camping after one-year hiatus

Kuwait allows camping after one-year hiatus
Kuwaiti authorities allow camping after one-year hiatus. Camping season to start in mid-Nov till March

Kuwait allows non-emergency surgeries to resume

Kuwait allows non-emergency surgeries to resume
Kuwait allows non-emergency surgeries to resume on August 29 as the health crisis is stabilizing in the country.

Kuwait Companies to ‘raise prices’ of consumer products

Kuwait Companies to ‘raise prices’ of consumer products
Kuwaiti Ministry of Commerce and Industry receives request to raise the prices of consumer products by local food and consumer goods importing companies.

Ooredoo Kuwait sponsors "Kuwait Rescue Team"

Ooredoo Kuwait sponsors
Ooredoo Telecom sponsors the Kuwait rescue team. CEO of Ooredoo Team greets the rescue team for their strenuous efforts in protecting the country.

Kuwait International Bank completes sale of NMC Health

Kuwait International Bank completes sale of NMC Health
Kuwait International Bank completes the sale of its exposure in troubled UAE healthcare group, NMC.

Equate posts 43% surge in H1, 2021 revenue

 Equate posts 43% surge in H1, 2021 revenue
Kuwait-based Equate Group posts 43% surge in H1 revenue to $2bln. The group remains in a leading cost competitive position and continues to deliver all of its quality products

KIB invests in professional development

KIB invests in professional development
KIB invests in professional development as part of the Bank’s top-level strategy focused on human capital development across all levels of its organization.

Kuwait Ports plan region's first city for electric cars

Kuwait Ports plan region's first city for electric cars
Kuwait Ports Authority unveils plans for Middle East's first city for electric car manufacturers

Kuwait to resume commercial flights with India, Egypt

Kuwait to resume commercial flights with India, Egypt
Kuwait will resume commercial flights with India and Egypt, among other countries,, a cabinet statement said on Wednesday.

Kuwait's Jazeera expands its fleet

Kuwait's Jazeera expands its fleet
Kuwait's Jazeera expands fleet as it sees travel appetite returning after eased restrictions.

Jazeera announces 138% increase in passengers Q2, 2021

Jazeera announces 138% increase in passengers Q2, 2021
Kuwait’s Jazeera Airways announces a 138% increase in passengers flown in Q2 with a higher load factor of 51.3%

Kuwait plans spending cuts on wage subsidies

Kuwait plans spending cuts on wage subsidies
Kuwait records its highest financial deficit ever amounting to 10.6 billion Kuwaiti dinars. The budget deficit will result in government spending cuts of at least 10 percent.

Kuwait ordered a spending cut from current budget

Kuwait ordered a spending cut from current budget
Kuwait's Cabinet says it has ordered a spending cut from current budget of at least 10%

Kuwait exits COVID-19 third wave

Kuwait exits COVID-19 third wave
Kuwait exits COVID-19 third wave as vaccination campaign accelerates. Ministry of Health says 68.4 per cent of those eligible for the vaccination are vaccinated.

KD121m in revenues from fines, penalties in 2020

KD121m in revenues from fines, penalties in 2020
Kuwait’s revenues from fines, penalties and confiscations amounted to KD121.27m in 2020

Kuwait's small businesses fight for life

Kuwait's small businesses fight for life
Kuwait's economic makeover is under threat as small businesses fight for life due to the pandemic.

Demand for Filipino workers hikes recruitment costs

Demand for Filipino workers hikes recruitment costs
High demand for Filipino workers raises costs in Kuwait. 10 labour flights from the Philippines due in September, according to a kuwaiti newspaper reports.

Kuwait airport passenger capacity increased

Kuwait airport passenger capacity increased
Kuwait airport passenger capacity ‘quietly’ increased to 7,500 a day.

Kuwait livestock firm suffers $7m losses

Kuwait livestock firm suffers $7m losses
Kuwait’s Al-Mawashi incurred KD 2.1 million (around $7million) in the first six months of 2021.

Stranded Kuwaiti workers are considered on annual leave

Stranded Kuwaiti workers are considered on annual leave
Expatriate oil sector employees who are stranded abroad due to the closure of airports and suspension of air traffic are considered to be on annual leave.
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