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Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

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Kuwait bourse plans derivatives trading amid push for more IPOs

The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year

UAE’s ADX, Boursa Kuwait and Kuwait Clearing Company sign MoU to enhance market liquidity

The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait

Kuwait discusses steps to lower emissions as temperatures rise

Kuwait has pledged to reduce greenhouse gas emissions 7.4 per cent by 2035

One of the world’s biggest wealth funds targets sustainable finance

Kuwait Investment Authority has applied the ESG standard set by an independent globally-recognised ESG benchmark provider

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Kuwait Gulf Oil Company implements Oracle cloud applications to drive business growth

More than 60 core business processes automated to enhance efficiency, drive business continuity and enable seamless remote working

OPEC picks Kuwait’s Al-Ghais as next top diplomat

Haitham al-Ghais – whose three-decade oil industry career includes stints in Beijing and London – will become the group’s secretary-general in August

Covid-19: Kuwait advises citizens in UK to leave country

The Embassy also called on citizens to adhere to the Kuwaiti Foreign Ministry’s recommendations to postpone travel to the UK

Kuwait’s $33bn holding firm Kipco appoints Sheikha Dana as CEO

She will replace Faisal Al Ayyar, who will retire as the CEO after more than 30 years with the company

Voices from the top: Sheikha Intisar Alsabah, Kuwaiti social entrepreneur

Social enterprises Intisars and Ebbarra Jewelry equip women with daily reminders and tools for self-empowerment

Kuwait isn’t planning to follow UAE and change weekend

The UAE said on Tuesday it will move its weekend to Saturday and Sunday

Airbus wins 28-plane A320neo order from Kuwait’s Jazeera Airways

Jazeera already operates an all-Airbus fleet of original-generation A320s and eight A320neos

Kuwait cabinet quits in step toward ending political impasse

It’s the third government to resign in a year

Kuwaiti conglomerate explores stake sale in Starbucks franchise

Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007

Kuwait opens Covid-19 vaccine registration for children aged 5-11

After registering online on the health ministry’s website, legal guardians of the children will receive a text message on the date, time and place of vaccination

Kuwait’s wealth fund plans to invest in Saudi green initiatives

The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017

Kuwait eases all Covid-19 restrictions with airports at full capacity, no mask mandate for outdoor activity

Worshippers in mosques can also now pray in “stacked rows” without distancing

Fire breaks out at Kuwait’s Mina Al-Ahmadi refinery, injuries reported

The refinery’s export operations have not been affected

Senior Kuwaiti official probed over ‘unauthorised’ decision to ban expats over 60

The decision to ban expatriates aged over 60 who do not hold a university degree from renewing their work permits has been revoked

Dubai’s Emirates will ‘go profitable’ during 2022-23

Meanwhile, six more airlines, including Abu Dhabi’s Etihad Airways, will implement the IATA Travel Pass

Kuwait masks

Covid-19: Kuwait reports no deaths for the first time since early Feb

Kuwait’s Public Authority for Sport has said that football fans will not be allowed access to stadiums

Kuwaiti ruler makes unprecedented call for dialogue amid impasse

The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment

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Majority of expats in Kuwait earn between $200- $400 per month – study

The Public Authority for Manpower urged for restricting work permit issuance for one year to ‘utilise skilled labour already in the country’

Kuwait says foreigners on commercial visit visas can switch to work permits

Thousands of expats have left Kuwait this year and have been unable to return to the country due to the pandemic

Kuwait’s expat population down by 56,000 in the first half of 2021 – report

The total number of expats in Kuwait stood at 3.154 million at the end of June

Kuwait Airways resumes direct flights to New York

Flights will be operated once a week between the two destinations

Kuwait resumes commercial flights with India

Kuwait’s aviation authority has confirmed that five flights will operate per day between the two countries

Kuwait’s KNPC refines its digital transformation with VMware

Deploys private cloud and hyperconverged infrastructure to boost agility and security