KUWAIT: When Kuwait’s then-Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless …
One of the world’s richest Petrostates is running out of cash: Kuwait
Four years on, one of the world’s richest countries is struggling to make ends meet as a sharp decline in energy prices raises profound questions over how Gulf Arab states are run. Kuwait can’t pay …
Oil-rich Kuwait is running out of cash
“It’s not a solvency problem, although it’s considered a cash drought,” said Jassim Al-Saadoun, head of Kuwait-based Al-Shall Economic Consultants. The Kuwait City-based wealth fund has already come …
One of the world’s richest petrostates, Kuwait is running out of cash
Slow to adjust big-spending habits as oil revenues fall, the Gulf states are hurtling toward a moment of economic reckoning, prompting renewed debate over the future of nations …
Kuwait: Pakistani man accuses woman of sexual assault
A Pakistani man accused a woman of sexually abusing him and pickpocketing 350 Kuwaiti dinars (Dh4,211), local media reported. The man complained to police that the woman hugged and bewitched him …
Kuwait: Man files cases against Prime Minister, National Assembly Speaker and 49 MPs
A man has lodged a lawsuit against the Public Institution for Social Security, the Prime Minister, the National Assembly Speaker and 49 MPs. Image Credit: Pixabay Dubai: A Kuwaiti man has lodged a …
Kuwait Looks To Ease Dependence On Saudi Arabia With New Oil Development
The Kuwait Oil Company (KOC) announced recently that it intends to issue tenders for the purchase of 24 rigs to support plans to expand its oil and gas output capacity at large oilfields such as Ratqa …
Domestic inflation in Kuwait rose 1.92% in July
KUWAIT CITY – Data from the Kuwait Central Bureau of Statistics showed that the consumer price index (inflation) in Kuwait increased by 1.92 percent in July, on an annual basis. In its monthly …
Kuwait prime minister told cabinet emir’s health situation is in improvement: tweet
CAIRO (Reuters) – Kuwait’s prime minister told the cabinet on Monday the health situation of the 91-year old emir is in improvement, according to a cabinet tweet. Emir Sheikh Sabah al-Ahmad al-Sabah …
Kuwait teachers association criticises Minister of Education
Al Harbi lost confidence of teachers for mismanagement of education during COVID-19 Kuwait City: The Kuwait Teachers Society directed harsh criticism towards the Minister of Education, Dr. Saud Al …