The GCC real estate market is poised to sustain its upward trajectory into the first half of 2026, building on strong momentum recorded in the latter part of 2025, according to a new report by Kuwait Financial Centre (Markaz).
Ali Abdulwahab Al Mutawa Commercial Company (AAW) has announced the reopening of its Rimowa boutique at The Avenues Mall in Kuwait, unveiling a refreshed retail concept that reflects the brand’s German design heritage while offering an elevated shopping experience for customers.
Kuwait Financial Centre (Markaz) said it has executed a voluntary acquisition offer worth KD64.12 million ($208.6 million) on behalf of Boodai Reliance Real Estate to boost its stake in Jazeera Airways. Following this, Boodai Reliance’s total ownership in the Kuwaiti airline has risen to 72.26%.
Kuwait has forecast a fiscal deficit of KD9.8 billion ($31.9 billion) in its draft 2026-2027 budget, a sharp 54.7 percent rise over the current fiscal year's deficit.
Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
The Ajman Department of Tourism, Culture and Media (ADTCM) organized ‘Running for the Love of Kuwait’, a community sports event held to celebrate the long-standing brotherly relation between the UAE and Kuwait.
Kuwait’s leading low-cost carrier Jazeera Airways celebrated its 20th anniversary with an exclusive partner recognition event. Today, it operates a fleet of 23 Airbus aircraft and serves 70 destinations across the Middle East, Central and South Asia, Europe, and Africa.
Dar, one of the world’s leading consultancies, has secured a major contract to provide design review and construction supervision services for the transformational South Al Mutlaa Wastewater Treatment Plant (WWTP) in Kuwait along with related works.
Leading Kuwaiti developer Mabanee has signed an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month tenor. These funds will be used to first settle the existing financing facilities and then boost liquidity for its activities.
Kuwait has awarded an infrastructure contract worth KD77.7 million ($253 million) to Khalid Ali Al Kharafi & Brothers for its Shuwaikh Water Distribution Complex. The scope of work includes the construction, maintenance, and development of the existing facility.
