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OPEC and non-OPEC countries signed a deal last November aimed at cutting production by 1.8 million barrels a day. (AFP/ Joe Klamar)
April 23, 2017 - 06:00 GMT
Oil prices have stabilized after Saudi Arabia and Kuwait signaled that a deal to extend oil production curbs was in the pipeline.
Yousef Al-Abdulrazzaq (Photo: Perfect Fit Magazine)
April 22, 2017 - 20:31 GMT
The Kuwaiti jet-ski world champion, Yousef Al-Abdulrazzaq, won the UAE marathon 2017 that concluded in Dubai marina on Saturday.
After registering a healthy surplus for 16 consecutive years, Kuwait posted its first budget shortfall of $15 billion in the 2015-2016 fiscal year, following a slump in oil prices. (AFP/File)
April 13, 2017 - 13:04 GMT
Kuwait said it will increase its borrowing on international markets to plug a budget deficit resulting from low oil prices.
She spoke like a 'normal' person before fame. (File photo)
April 13, 2017 - 11:46 GMT
She spoke like a 'normal' person before fame.
The sixth and last series to date began in 2014, with the Kuwaiti Dinar displaying an elegant design both depicting various landmarks and also increasing the size of the font to enable shortsighted individuals to read what’s written on the bill. (Shutterstock)
April 12, 2017 - 10:02 GMT
Kuwait is celebrating the 56th anniversary of its national currency, the ever-strong Kuwaiti Dinar (KD).
The refinery will have the capacity to process 230,000 barrels of crude oil per day for both local and international markets. (File photo)
April 12, 2017 - 06:00 GMT
Kuwait Petroleum has signed a deal with Oman for the development of a major refinery in Al Wusta.
Photo: Kuwait News Agency (KUNA)
April 10, 2017 - 17:08 GMT
Kuwait's National Athletics team will take part in the 16th Gulf Cooperation Council Men Athletics Championships to be held in King Abdullah Sports City, Jeddah, Saudi Arabia.
The smart city will accommodate 25,000 to 40,000 households and construction is expected to begin in 2019. (File photo)
April 09, 2017 - 14:22 GMT
A consortium of South Korean construction companies will build a $4 billion eco-friendly residential city in Kuwait.
On April 1, Kuwait closed the Shuaiba refinery, one of the oldest oil facilities in the region. (File photo)
April 04, 2017 - 07:59 GMT
British oilfield services company Petrofac has been awarded a contract worth $1.3 billion by Kuwait Oil Company.
The government plan to increase oil production is spurring Kuwait’s construction sector. (File photo)
April 03, 2017 - 06:00 GMT
The construction sector in Kuwait is poised for solid growth this year despite low oil prices.
The aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016, a 41.2 percent increase from the total amount raised in 2015. (File photo)
April 02, 2017 - 14:28 GMT
A report stated that the aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016.
Kuwait's oil export receipts declined by 14.1 percent in 2016 to KD 12.5 billion ($ 41 billion), its lowest level in just over a decade. (Pixabay)
April 02, 2017 - 11:58 GMT
Kuwait’s trade surplus retreated to an 11-year low of KD 4.7 billion ($ 15.5 billion) in 2016.
The refinery was heavily damaged during Iraq’s 1990 invasion of Kuwait before being restored to full operations at the end of the war in 1991. (File photo)
April 01, 2017 - 08:00 GMT
Kuwait will today hold an event to mark the closure of the Shuaiba refinery, one of the oldest oil facilities in the region.
The scope of work includes construction of 37-km-long roads, which consist of three lanes in each direction, with two safety lanes and nine multi-storey intersections. (Pexels)
March 30, 2017 - 12:12 GMT
Egypt's Arab Contractors Company has won a KD170 million ($561.4 million) contract in Kuwait to develop the strategic Nuwaiseeb Road.
Jordan's King Abdullah II (2-R) speaks to Saudi Arabia's King Salman bin Abdulaziz al-Saud (2-L) as Tunisian President Beji Caid Essebsi (R) stands behind them during the Arab League summit in the Jordanian Dead Sea resort of Sweimeh on March 29, 2017. (AFP/Khalil Mazraawi)
March 29, 2017 - 13:46 GMT
Arab leaders are expected to address the multiple armed conflicts around the region and several resolutions related to the Palestinian cause.
The banned Middle East carriers include Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, Saudi Airlines, and Turkish Airlines. (File photo)
March 23, 2017 - 11:14 GMT
While airlines are still trying to assess the extent of financial hit from the gadget ban on US and UK flights, experts are already estimating big losses.