Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the petrostate will pursue an economic transformation to reduce its reliance on oil after lagging ...

DUBAI/CAIRO: Kuwait issued a long-awaited law on Wednesday to regulate public borrowing as the country prepares for ...

This move could open up a market potentially worth $65bln, which would expand lenders’ credit portfolios by 40%: sources ...

Kuwait is preparing to allow banks to offer mortgages for the first time, a move that could reshape the oil-rich nation’s ...

Kuwait’s stock market is the Gulf’s top performer this year as local and foreign investors bet that economic reforms and increased infrastructure spending will bolster corporate profits. Investors ...

Kuwait has moved a step closer to selling debt on the international markets again after the cabinet approved a draft decree that should help the country fund multibillion-dollar infrastructure ...

Filipinos in Kuwait prefer buying gold locally over the UAE due to the absence of VAT and lower import duties, making prices ...

The Kuwait Air Conditioner Market is set for steady growth, with its market valuation expected to rise from USD 271.28 million in 2024 to USD 415.90 million by 2033, registering a compound annual ...

WASHINGTON, March 27: Kuwaiti Ambassador to the US, Sheikha Al-Zain Al-Sabah, met with US Secretary of Commerce Howard ...

Hot topics in cross-border transactions include the application of the ultimate beneficial ownership rules issued by the Ministry of Commerce and Industry (MOCI), which are creating ongoing compliance ...

The new law sets the public debt ceiling at a maximum of $97.4bln and allows for the issuance of financial instruments with ...