A draft law allowing Kuwait’s government to tap local and international debt markets is unlikely to be supported by lawmakers unless it makes a convincing case for how any borrowed money will be spent …
Highways expansion on the way in Bahrain
The Kuwait Fund for Arab Economic Development will pay for the revamp, as part of a $10 billion financial support package pledged to Bahrain by GCC allies. Both highways will get two extra lanes, …
Fears in India as Kuwait looks to cap migrant worker numbers
“Even if Kuwait means business it will not have a huge impact on expatriates since most of them concentrate on the 3D jobs — dirty, dangerous and demeaning,” he said. “These are categories that local …
Rulers of Oil-Rich Saudi Arabia and Kuwait Are Hospitalized
There were no further details about his condition. King Salman bin Abdulaziz Photographer: Dan Kitwood/Getty Images On Sunday, Kuwait abruptly announced that its 91-year-old emir, Sheikh Sabah …
COVID-19: Over 23,000 Filipino workers lose jobs in Kuwait
According to local Kuwaiti media, thirty-one Filipinos in the country have died due to COVID-19 with four healthcare workers among the dead. Image Credit: File photo Dubai: More than 23,000 overseas …
Kuwait plans to issue 4-5 billion dinars in public debt by March 2021
KUWAIT: Kuwait plans to issue between 4 billion and 5 billion dinars (RM55.4 billion and RM69.3 billion) in public debt by the end of the fiscal year ending March 2021 if parliament approves a …
Kuwait: 40,000 expats stranded abroad lose residency
Around 40,000 expatriates have lost validity of their residency permits in Kuwait after having failed to renew them for being stuck abroad due to the global coronavirus pandemic, a Kuwait official …
Exclusive: Kuwait scrambles to boost coffers with up to $16 billion debt plan
Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by the end of the fiscal year ending March 2021 if parliament approves a long-debated debt law, …
Kuwait’s ruler, 91, undergoes a ‘successful’ surgery
DUBAI, United Arab Emirates (AP) — Kuwait’s 91-year-old ruler underwent a “successful” surgery Sunday that required the oil-rich nation’s crown prince to be temporarily empowered to serve in …
Kuwait ruler had successful surgery, state news agency says
Sheikh Sabah, who has ruled Kuwait since 2006, had been admitted to hospital on Saturday for medical checks. His office, in a statement carried by state news agency KUNA, did not specify what kind of …