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Posted on December 4, 2022

Markaz: Kuwait bucks the trend by increasing 3.6% in November

Central Bank of Kuwait kept its policy rate unchanged even as the U.S Fed raised rates by 75 bps in November. Kuwait posted a fiscal deficit of KD 3 billion for FY 21/22, down 72% from the previous …
Posted on December 2, 2022

Mandarin Oriental announces a new luxury hotel project in Kuwait

“We are delighted at the opportunity to extend Mandarin Oriental’s presence in the Middle East with this important landmark in Kuwait. We look forward to collaborating with Bukhamseen Group Holding to …

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Posted on December 1, 2022

Kuwait calls

MANDARIN Oriental Hotel Group will manage a luxury hotel located in the heart of the financial district of Kuwait City, projected to open in 2028. Mandarin Oriental, Kuwait will be located in an …

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Posted on November 29, 2022

Kuwaiti business projects in Jordan to be announced soon — ambassador

Kuwaiti businesspeople are in the process of creating projects in the Kingdom that will be announced soon, Kuwaiti Ambassador to Jordan Aziz Dihani said on Saturday, adding that Jordan is “an …
Posted on November 29, 2022

Newly opened Waldorf Astoria Kuwait wins ‘National Hotel Project of the Year’ at the MEED Projects Awards

As they continue to garner international industry recognition, Kuwait’s development projects remain an industry benchmark of opulence, exhibiting superior standards of design excellence, construction …

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Posted on November 27, 2022

Kuwait Petroleum exports aviation jet fuel from mega-refinery

Kuwait Petroleum Corp. exported its first shipment of aviation jet fuel from the country’s newly commissioned Al-Zour mega-refinery. Kuwait Petroleum exports aviation jet fuel from mega-refinery …
Posted on November 27, 2022

Boursa Kuwait Renews its Humanitarian Partnership with Kuwait Red Crescent Society for Second Consecutive Year

Continuing its obligations towards corporate social responsibility, Boursa Kuwait continued its partnership with the Kuwait Red Crescent Society (KRCS) …
Posted on November 25, 2022

Power vacuum: Why a regional deal to supply energy to Lebanon has faltered

The 1,200-kilometre pipeline died slowly, undermined by Lebanese divisions and regional disputes. It last carried Saudi oil to Jordan at about the time Saddam Hussein invaded Kuwait in 1990. There is …
Posted on November 25, 2022

Power vacuum: Why a regional deal to supply energy to Lebanon has faltered

The 1,200-kilometre pipeline died slowly, undermined by Lebanese divisions and regional disputes. It last carried Saudi oil to Jordan at about the time Saddam Hussein invaded Kuwait in 1990. There is …
Posted on November 24, 2022

Prima Facie Tenancy Not Forged: Bombay High Court Refuses To Appoint Court Receiver For Prime Mumbai Property In Dispute With Kuwaiti Royalty

The Bombay High Court recently reiterated that unlike criminal proceedings, in civil proceedings, a court can rely on statements given to the police under section 162 of CrPC. Therefore, it relied …

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