Kuwait

The latest business news, company announcements and analysis from Kuwait. Keep abreast of the most up-to-date developments in the country's oil and energy market, and the daily trades on the Kuwait Stock Exchange and see how these will affect you and your business.

Kuwait news

No offers for Zain Africa assets

Kuwait: 9 hours, 44 minutes ago

Kuwait's Zain has said it has not received any offers for the sale of its Zain Africa assets, Reuters has reported. 'With regard to information published in a local newspaper on buying Zain Africa assets, the group would like to state that there are no offers at present,' the telecoms said in a statement.

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Kuwait press releases

H.E. Sheikh Ali Al Jaber Al Ahmad Al Sabah and Mr. Abdulaziz Thunayan Abdulmohsen Al Mishary cutting the ribbon. Also present is the Branch Manager of Yarmouk Mrs. Nawwar Al Yaseen.

Gulf Bank inaugurates its branch in Yarmouk

Kuwait: 4 hours, 37 minutes ago

Gulf Bank inaugurates its branch in Yarmouk, as part of its continued focus on client service. This branch extends the Gulf Bank offer of premium financial services to a new part of the city and will offer Yarmouk residents the chance to experience the difference of banking with Gulf Bank for themselves.

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Analysis

Up to 95% of the Kuwaiti government's revenue comes from oil

GCC business outlook: Kuwait

Kuwait: Monday, June 08 - 2009 at 10:15

With the election of four women into the Kuwaiti parliament, the Majlis el-Umma, the northern GCC state has proved once more to be an exception in the GCC. However, Kuwaiti citizens are now expecting new initiatives from the government to help diversify the economy. They have good reason to do so: With Kuwait's GDP being heavily dependent on oil revenues, the economy might post its largest decline in 2009, according to the IMF.