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
Kuwait opens $2bn aromatics plant
Kuwait's Petrochemical Industries Company (PIC) has started operations at a $2bn aromatics plant this week that is expected to reach full capacity by early December, Reuters has reported. The Kuwait Aromatics plant, which has a nameplate capacity of 830,000 tons per year (tpy) of paraxylene and nearly 400,000 tpy of benzene, can produce up to 1 million tpy of light naphtha, and is currently operating at 60%. PIC and Kuwait National Petroleum Company (KNPC) each have a 40% stake in the plant, with Qurain Petrochemical Industries holding a 20% share.- » Wataniya adds Jeddah service
- » Kuwait moving forward with metro project
- » Boubyan Bank posts Q3 loss
- » Zain shareholders challenge proposed stake sale
- » Mashreq opens its first branch in Kuwait
- » Kuwait to begin swine flu vaccination programme
- » Kuwaiti oil exports to Japan rise
- » Kuwait Petroleum in China refinery deal
- » Kuwait to spend $140bn on development plan
Kuwait press releases
Global awarded 'Best Real Estate Fund Manager' in Middle East
Global announced that it has been awarded 'Best Real Estate Fund Manager in Middle East' at the 'International Real Estate Finance Summit 2009 (IREF)' hosted by ICG in London. Global won this award for the second consecutive year for its Shari'a compliant real estate focused funds.- » Track receives three awards from SkillSoft EMEA Café 09 in Barcelona
- » Chevron hosts Saudi and Kuwaiti senior petroleum officials at onshore PNZ Large Scale steamflood pilot...
- » Wataniya Airways receives fourth aircraft and launches daily flights to Jeddah
- » WEF President and AKBANK Chairman join NBK International Advisory Board
- » AT and T global network extended to Kuwait through agreement with Qualitynet and Navlink
- » Batelco wins Technology Based Learning Award 2009
- » Centrepoint launches 7th outlet in Kuwait
- » Nasdaq OMX comes to Denton Wilde Sapte for Kuwaiti technology partnership
- » Mashreq CEO addresses Kuwait Financial Forum on role of central banks to advance Arab banking
Analysis
GCC business outlook: Kuwait
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.- » Wataniya up up and away to Dubai
- » Wataniya Airways announces Dubai route
- » Kuwait's new Wataniya Airline prepares for take off
- » Marwan Boodai, CEO Jazeera Airways, part 2/2 - a low-cost airline 'with a twist'
- » Marwan Boodai, CEO Jazeera Airways, part 1/2 - dodging the bullet
- » Jazeera backs Sahaab Leasing venture, despite aviation turmoil
- » BNP Paribas optimistic on Kuwait's banking sector
- » Kuwait retail supply lags behind consumer demand
- » Kuwait beset by inflationary pressures
Basic country information
Read more Kuwait articles
Today's most read articles:
It looks like you are using a Mac - check out our 
Web Feeds