Kuwait Business News

World oil prices fell on Tuesday as the dollar strengthened and after recent gains for crude partly spurred by hopes of improved energy demand, analysts said. New York's main contract, light sweet crude for December delivery eased $0.36 to $78.54...

Kuwait's Deputy Prime Minister for Economic Affairs and Minister of State for Development and Housing Affairs, Sheikh Ahmad Fahad Al-Sabah, said here on Monday that Kuwait was planning to provide more than 70,000 housing units by 2015...The authority added that...

Kuwait's troubled Investment Dar has reached a standstill agreement with its debtors to suspend claims as the top Islamic firm agreed to a restructuring plan, a statement said yesterday. The deal was reached after talks with a coordinating committee representing...

Kuwait's economy may contract by 1.5 to two percent this year before starting to grow again in 2010, Central Bank Governor Sheikh Salem AbdulAziz Al-Sabah said yesterday. "We expect growth but so far we have not found a proper figure...

Kuwait investment firm Securities Group Co is studying a bid to buy a stake of up to 24.6 percent stake in telecom firm Zain held by the country's sovereign wealth fund, its chairman said yesterday. Bader Al-Saad, managing director of...

The economies of Gulf oil producers are expected to stage a full recovery in 2010 as they will net more petrodollars from high prices and an increase in their oil output because of global recovery, according to a Western study....