The Public Authority for Civil Information (PACI) has announced, through the official gazette Kuwait Alyoum, the cancellation of the …
Kuwait charts tax revamp with 15%corporate rate
This includes dividends, royalties, rent for movable and immovable property, technical services, and insurance premiums — unless those payments are linked to permanent establishments within Kuwait.
Kuwait loan fraud: Defaulters repaid smaller loans to gain trust of bank
KOCHI: The nurses who are accused of defaulting on loans issued by a Kuwaiti bank gained the trust of authorities by repaying smaller loans they had availed earlier. Police are examining whether the …
Kuwait Considers Replacing Head of $1 Trillion Wealth Fund KIA
Al-Ghenaiman, who is 65 and at retirement age according to the law, was appointed to the Kuwait Investment Authority in 2021 for … The KIA is ultimately overseen by the Kuwaiti finance minister.
Kuwait to Replace Head of Its $1 Trillion Sovereign Wealth Fund
The managing director of Kuwait’s $1 trillion wealth fund is departing after three years, capping a turbulent tenure at the global investor that’s been overshadowed by regional peers who’ve done …
Kuwait limits foreign property ownership
With house prices skyrocketing, Kuwaiti officials have severely restricted who is eligible to buy property — a stark contrast to other Gulf nations attempting to lure foreign investors.
Kuwait changes real estate ownership rules for foreigners as investments open to citizens of UAE, Saudi Arabia, Oman, Bahrain and Qatar: reports
Citizens of the UAE, Saudi Arabia, Oman, Bahrain and Qatar are able to purchase property in Kuwait without any restrictions, recognising the close bond between GCC countries, said the report. Arab …
KIB delivers its third workshop on investment fundamentals and real estate appraisal at Kuwait University
Kuwait International Bank (KIB), represented by its Real Estate Department, conducted its third specialized workshop on the …
Radisson Hotel Group launches second hotel in Kuwait
just south of Kuwait City. The new property marks Radisson Hotel Group’s second hotel in Kuwait and the country’s first Park Inn by Radisson Hotel. It features 180 modern rooms and 70 serviced …
Kuwait tightens property ownership rules for non-citizens
Under the updated regulations, GCC nationals from Saudi Arabia, the UAE, Bahrain, Qatar, and Oman are granted property rights in Kuwait on equal terms with Kuwaiti citizens. Image Credit …