News & Updates

‘Kuwait awards $219mn contracts in last month’

UWAIT CITY, April 20: MEED magazine said the value of contracts awarded by Kuwait in March was $219 million, ranking third in the Gulf and fifth in the region in terms of the value of awarded contracts, reports Al-Rai daily. The magazine pointed to the continued decline in contract awards activity in the Middle East […]

Kuwait to lead Gulf in growth

The International Monetary Fund expects Kuwait’s real GDP to grow from 1.3 percent in 2021 to 8.2 percent in 2022, and 2.6 percent in 2023, reports Al-Rai daily. According to the data, Kuwait will achieve the best growth among the Gulf Cooperation Council countries, as the Fund expects the real GDP in the UAE to […]

21% spent from budget for developmental plan’s projects

he government spent 21 percent, which equals KD 359.2 million, of the financial appropriations for the projects of the development plan during the first six months of the previous fiscal year (2021/2022), which was KD 1.7 billion estimated for the whole fiscal year for 131 projects, reports Al-Anba daily. According to the follow-up report on […]