Kuwait's United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), has secured KWD38 million ($122.82 million) in Islamic banking finance for the construction and development of Waterfront Real Estate Project - Phase 3 (Souq Sharq), located in the Sharq Area of capital Kuwait City.
Beyon, a leading telecommunication company and digital enabler, has announced the signing of a Public Private Partnership (PPP) commitment agreement with the Ministry of Communications in Kuwait and the Kuwait Authority for Partnership Projects (KAPP), formalising its selection as the Winning Investor for the Fixed Telecommunications Network Development Project in Kuwait.
Leading low-cost carrier Jazeera Airways has announced the full resumption of operations from its dedicated Terminal 5 (T5) at Kuwait International Airport following the partial resumption of direct flights last week after 57 days of airport closure and conclusion of its service from a temporary base in Saudi Arabia.
The Ascott is expanding in the GCC with the upcoming Citadines Sharq Kuwait, marking its entry into Kuwait. The opening supports its focus on flexible hospitality and contributes to a regional growth plan targeting 15,000 units by 2030.
United Hospitality Management, a global leader in hospitality asset development, has appointed Shadi Refai as its Cluster General Manager for the Arabella Beach Hotel Kuwait, Vignette Collection by IHG and a soon to be opened second hotel in Kuwait City.
Action Energy Company, a Kuwait-based upstream services provider, reported strong first-quarter 2026 growth, with revenue rising 69.2 per cent year-on-year as the Kuwait-based upstream services provider expanded its operating rig fleet from 13 rigs in Q1 2025 to 20 rigs this year.
Zain Group, a leading TechCo providing innovative ICT and digital communications in eight markets across the Middle East and Africa, recorded a consolidated revenue growth of 6% to reach KD569 million ($1.86 billion) for Q1 2026.
Kuwait Airways is gradually increasing flights from Terminal 4 under a phased plan coordinated with authorities, while maintaining partial operations, adjusting schedules due to Dammam transfer, and increasing London flights ahead of Eid Al Adha demand.
ACICO Group, a full-service, multi-sector construction group, has announced solid results for the first quarter of 2026 registering a 23% growth in its operating revenues, thus reflecting robust growth despite the geopolitical conditions affecting the region and the resulting operational and market challenges.
Kuwait-based budget carrier Jazeera Airways said its board has decided to defer a dividend decision for FY 2025, citing uncertainty linked to the Middle East conflict. The move is intended to provide greater clarity on evolving conditions, including the timeline for operational normalisation in the country.
