The Gulf state is aggressively seeking to reduce expat resident numbers.
Announcement follows a MoU in September
Expats make up 70 percent of the country’s population
Reports suggest the number could double if oil sector bonuses are included
The fund will reportedly include local assets managed by the Kuwait Investment Authority
Luxury Macy’s-owned beauty and accessories store will span 93,000 sq feet over three levels at the 360 Mall
Foreign teachers of ‘social studies’ to be given three months notice to leave
Move reportedly to help more Kuwaitis into government positions
As Kuwait’s Tamdeem Group prepares to expand its 360 Mall, chairman Mohammad al Marzouq explains why the government should look beyond oil
Kuwait was also banned in 2010 over a similar dispute but was reinstated before the 2012 London Olympics
The airline’s CEO said agreements with partners could go beyond code shares
The telecom operator is hoping to attract more subscribers and ultimately raise average user revenues
Kuwait was ranked the worst country for expats to live and work in, a new survey showed
The new terminal will lift capacity at Kuwait International Airport to 10 million passengers a year
The deal for 24 Caracal heavy helicopters has been in the works since June, when French officials said it had been provisionally agreed
Kuwait’s government has approved plans to privatise the airline
Ali Al-Omair said a market exit by high-cost producers could help buoy oil prices in 2016
Kuwait Petroleum Corp is studying investment opportunities, including petrochemicals, in Asia and North America
The fund, which is estimated to have more than $500bn of assets, is studying whether to liquidate assets that generate annual returns of below 9 per cent
FIFA has given the Kuwait Football Association until this week to avoid implementing a new set of sports laws
The refinery, the country’s largest is now operating normally, KNPC said
The tennis complex will have a combined stadium seating for over 7,600 people across two main arenas
The Gulf state recently introduced a new law designed to facilitate public-private partnerships
Venezuela has been pushing for an emergency OPEC meeting
Since the start of 2014, when Kuwait had 211 listed firms, 24 have announced plans to delist
The company currently owns two refineries in Europe and has more than 4,000 Q8 petrol service stations across the continent
Kuwait’s OPEC governor said the current imbalance stemmed from several factors and not just an economic slowdown in China
Kuwait aims to add a total of 700,000 bpd of crude oil production capacity from offshore and onshore areas
The June 26 suicide bomb attack inside a Shi’ite Muslim mosque killed 27 people.
The 380,000-square-metre project is planned for the al-Daiya area