Saturday 30 July 2016
 
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Kuwait

Ooredoo Kuwait continues earnings slump

Mobile operator Ooredoo Kuwait reported a 28 per cent fall in second-quarter net profit on Monday, continuing its earnings slump as revenue fell. The subsidiary of Qatar's Ooredoo competes domestically with Zain and Saudi Tele

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Qurain Petrochemical announces $16.5m net profit

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD4.98 million ($16.5 million) for the first quarter of the financial year 2016/2017. This year’s results compares favourably to a net

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Qurain Petrochemical announces $16.5m net profit

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD4.98 million ($16.5 million) for the first quarter of the financial year 2016/2017. This year’s results compares favourably to a net

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200 exhibitors to take part in Big 5 Kuwait

The Big 5 Kuwait 2016, taking place from September 25 to 27 at the Kuwait International Fair, will host over 200 local and international exhibitors across 4,700 sq m of space. Thousands of certified products will be introduced fro

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Kuwait set to award $27bn contracts this year

Kuwait’s projects market continued to expand in the second quarter of this year in spite of the low oil prices and the state is expected to award another KD8.4 billion ($27 billion) worth of contracts before year-end, a report says.

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Kuwait tyre market to grow 11pc until 2021

The Kuwait tyre market is forecast to grow at a compound annual growth rate (CAGR) of over 11 per cent during 2016 – 2021, according to a report by TechSci Research, a global market research and consulting company. The repor

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Jazeera Airways gets approval for new terminal

Jazeera Airways has been granted approval by the Kuwait Council of Ministers for land to build a dedicated passenger terminal and car park buildings at Kuwait International Airport. The terminal is a solution proposed by the airli

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Kuwait Airways flight makes emergency landing in Dhaka

A Kuwait Airways flight en route to Bangkok was forced to make an emergency landing at Dhaka International Airport, Bangladesh after a passenger died mid-air, said a report. According to a report in WAM, flight 411 resume

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Kuwait inflation down to 2.8pc in May

Kuwait’s inflation in consumer prices eased to 2.8 per cent year-on-year (y/y) in May, mainly due to softer food inflation, a report said. Core inflation (which excludes food prices) came in marginally higher at 3.0 per cent

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Kuwait mulls privatisation of oil services sector

Kuwait is mulling the privatisation of its oil services sector, a senior finance ministry official said on Tuesday, although any such plans would not include the Gulf Arab state's production capability.   The

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