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Doha bid to host the 2020 Olympic and Paralympic Games has received complete support from the leaders of Bahrain, Kuwait, UAE, Oman, Saudi Arabia and Qatar. This was confirmed during the 32nd session of the Supreme Council for GCC. During a communiqué issued following the 32nd session of the GCC Supreme Council, the leaders of […]

State-owned Kuwait Oil Company (KOC) said Thursday it has signed a contract worth 48.35 million dinar (around 170 million U.S. dollars) with an Italian company for laying down a crude oil pipeline. That was part of the company’s plan to inject 17.5 billion to 24.5 billion dollars into oil and gas facilities in the next […]

Car Sales Fall In Kuwait In 2009

Car sales fell in Kuwait in 2009 to 119,133 units, from 122,623 in 2008. The impact of the international economic crisis was felt in the Gulf state’s economy; plunging oil prices in the latter half of 2008 and early 2009 had a serious effect on the country’s income, while tightening credit also curtailed economic growth. […]

Kuwait has so far invested $1.5 billion in Turkey, according to the Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah’s official consultant in Turkey. The Kuwaiti emir is planning to implement three or four giant projects worth $3 billion in Turkey, said Uğur Akkuş, the group leader of the Sems Turk Kuwait-Turkey investment consultancy company. “A […]