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The government has outlined plans to spend $51bn over the next five years developing its energy industry to raise oil production capacity even further from its current 2.7 million barrels-a-day and slow the depletion of …Read full article » Kuwait: Sunday, May 18 - 2008 @ 15:56
The result is almost double the Finance Ministry’s budget estimate and puts the country on target to achieve its ninth consecutive year of budget surplus.
Continuing rising crude prices could see exports total at least $70bn …Read full article » Kuwait: Wednesday, April 30 - 2008 @ 11:47
The planners for the 21bn KD ($77bn) Madinat al-Hareer, or City of Silk, describe it as a 21st century city in the Middle East that is more than just a development opportunity for investors. The …Read full article » Kuwait: Tuesday, February 26 - 2008 @ 14:32