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Posted on September 25, 2020

Kuwait’s economy will recover in 2022

Basic economic expectations focus on a decline in Kuwait’s GDP by 7% this year, and it is not expected to recover next year: S&P …

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Posted on September 25, 2020

New film reveals the story behind Sheikh Abdullah Al-Salem Cultural Center in Kuwait

The Sheikh Abdullah Al-Salem Cultural Center (SAASCC) in Kuwait City. Short Url https://arab.news/r7cvw National Geographic Abu Dhabi is screening a new documentary about the building of the Sheikh …

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Posted on September 24, 2020

Kuwait records 552 new COVID-19 cases, 2 deaths

There are 101 patients receiving intensive care treatment for the coronavirus in Kuwait. Image Credit: Gulf News archive Cairo: Kuwait Thursday confirmed 552 new cases of the virus over the past 24 …

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Posted on September 24, 2020

Pakistan to send 100,000 skilled workers to Kuwait

Pakistan is planning on sending 100,000 skilled workers to Kuwait. Image Credit: Shutterstock Kuwait City: In an effort to increase remittances, the Pakistani Minister of Expatriates and Human …

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Posted on September 24, 2020

Humanitarian Pledges Must Be Met, Houthis Must Stop Hostilities to Stabilize Yemen

Deputy Secretary of State Steve Biegun and Under Secretary of State for Political Affairs David Hale participated in a meeting last Thursday with United Nations Security Council members, Kuwait, …

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Posted on September 24, 2020

Kuwait partakes in Global Business Councils’ meeting in Dubai

DUBAI, Sept 23 (KUNA) — Kuwait Business Council in Dubai (KBC) on Wednesday took part in the virtual meeting of the Global Business Councils that includes delegations of 31 countries.
The KBC’s …

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Posted on September 23, 2020

Reports: Kuwait and the UAE in economic pain amid pandemic

DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United …

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Posted on September 23, 2020

Reports: Kuwait and the UAE in economic pain amid pandemic

DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United …

( read original story …)



Posted on September 23, 2020

Kuwait downgraded for the first time as ‘liquidity risks’ escalate

Moody’s Investors Service takes unprecented decision, reflecting the increase in the Kuwait government’s liquidity risks …

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Posted on September 23, 2020

Kuwait gets first Moody’s downgrade over ‘liquidity risks’

Liquid assets there are close to being depleted, forcing the Finance Ministry to push through other measures to meet spending needs. Kuwait’s parliament this month approved the state budget for the …

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