CAIRO, Aug 7 (Reuters) - Kuwait's budget deficit increased 174.8% in the 2020-21 year to 10.8 billion dinars ($35.5 billion), the finance ministry said on Saturday, noting it was the highest deficit ...

While performance in 2020 will suffer from the twin shocks of COVID-19 and the oil price slump, growth in Kuwait has been tapering since 2014. The inevitable fiscal deficit increase from declining oil ...

Kuwait Airways’ latest full-year financial statement shows the flag-carrier sustained a net loss of KD264.5 million ($870 million) during the pandemic-hit 2020. The airline’s revenues sank by 64% over ...

KUWAIT, Feb 4 (Reuters) - OPEC-member Kuwait is sticking to its 2020 oil output capacity target of 4 million barrels per day but faces challenges in finding contractors, technology and skilled labour, ...

DUBAI, United Arab EmiratesDUBAI, United Arab Emirates — When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking ...

KUWAIT CITY — Kuwait began voting Saturday for its National Assembly, the first election since the death of its longtime ruling emir at a time the oil-rich nation struggles with serious economic ...

People wearing protective masks wait to cast their votes at a polling station in Kuwait City on Saturday. (Noufal Ibrahim/EPA-EFE/REX/Shutterstock) On Saturday ...

Kuwait’s leadership decided to once again disband parliament and hold fresh elections, citing a “painful” political scene in the Gulf region’s most democratic country. The parliament, elected in 2020, ...

Kuwaiti lenders will be allowed to distribute cash profits based on their 2020 financial results, the Central Bank of Kuwait said on Saturday. “In light of the financial data of Kuwaiti banks, that ...