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According to an economic expert, the inclination to suspend the issuance and renewal of work permits for expatriates above the age of 60 who work in the private sector is not suitable. (Shutterstock)

August 29th, 2018 - 09:37 GMT

Experts Raise Concerns Over New Visa Rules in Kuwait

A number of economic experts criticized the decisions to suspend issuance and renewal of work permits for expatriates above the age of 60 years, as such a step will lead to a number of problems.

The State’s accounts recorded KD 16.0 billion in revenue, KD 19.2 billion in expenditure, and closed with a fiscal deficit of KD 4.8 billion after accounting the transfer of 10% of total revenue to the State’s Future Generations Fund (FGF) as mandated by law. (Shutterstock)

July 29th, 2018 - 10:07 GMT

Non-Oil Revenue Rises 21.7 Percent in Kuwait

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)

July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)

May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

Kuwait's investments in the US include stocks, bonds, real estate and technology. (Shutterstock)

September 4th, 2017 - 02:31 GMT

Kuwait Has More Than $300 Billion of Investments in US: Report

The ministry has also set restrictions on offices recruiting workers from overseas, mandating that they submit a two-year bank guarantee of KD 40,000 ($132,358) (File photo)

July 17th, 2016 - 04:58 GMT

Too little, too late? Kuwait introduces minimum wage for domestic workers

Of total SWF assets around the world, $4.9 trillion comes from oil and gas. (File photo)

July 14th, 2016 - 10:14 GMT

The world's top ten biggest sovereign wealth funds

July 3rd, 2016 - 09:56 GMT

London and Arab investment: What is the draw?

Egypt and Kuwait will each offer a 20 percent stake on the Cairo bourse of the Arab African International Bank, a joint venture between the CBE and Kuwait Investment Authority. (Arab Finance)

March 27th, 2016 - 09:09 GMT

Egypt: CBE to float stakes in two state-owned banks

Al Bawaba

April 19th, 2015 - 03:55 GMT

Reaching out: Kuwait finalizes investment arm in Egypt

Al Bawaba

December 3rd, 2014 - 01:54 GMT

Monarchies unite: how far can GCC-Moroccan business ties go?

The report said the reserves had increased by $15.7 billion in the first six months of the year.

October 27th, 2014 - 02:09 GMT

Kuwait reserves for future generations hit $598 billion

Al Bawaba

August 8th, 2014 - 07:10 GMT

Talk about a capital flight? Kuwait top Arab investor abroad in 2013