CAIRO, Aug 7 (Reuters) - Kuwait's budget deficit increased 174.8% in the 2020-21 year to 10.8 billion dinars ($35.5 billion), the finance ministry said on Saturday, noting it was the highest deficit ...

KUWAIT, Feb 4 (Reuters) - OPEC-member Kuwait is sticking to its 2020 oil output capacity target of 4 million barrels per day but faces challenges in finding contractors, technology and skilled labour, ...

Kuwait Airways’ latest full-year financial statement shows the flag-carrier sustained a net loss of KD264.5 million ($870 million) during the pandemic-hit 2020. The airline’s revenues sank by 64% over ...

While performance in 2020 will suffer from the twin shocks of COVID-19 and the oil price slump, growth in Kuwait has been tapering since 2014. The inevitable fiscal deficit increase from declining oil ...

DUBAI, United Arab EmiratesDUBAI, United Arab Emirates — When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking ...

KUWAIT CITY — Kuwait began voting Saturday for its National Assembly, the first election since the death of its longtime ruling emir at a time the oil-rich nation struggles with serious economic ...

Kuwait’s leadership decided to once again disband parliament and hold fresh elections, citing a “painful” political scene in the Gulf region’s most democratic country. The parliament, elected in 2020, ...

The sharp decline in oil prices, investments and other assets will have a negative impact on Kuwait’s economy, the Gulf nation’s emir said in a televised address. Sheikh Sabah Al-Ahmed Al-Sabah called ...

People wearing protective masks wait to cast their votes at a polling station in Kuwait City on Saturday. (Noufal Ibrahim/EPA-EFE/REX/Shutterstock) On Saturday ...

LONDON--(BUSINESS WIRE)--The prestigious World Branding Awards, the ultimate global brand recognition accolade – now in its 12 th edition, saw over 400 brands from more than 45 countries named “Brand ...

Kuwait’s Cabinet has approved a new foreign residency draft law that proposes sweeping penalties against visa traders and expatriates working illegally in the country, Kuwait Times reported on Tuesday ...