Business

Supply concerns drive oil prices up more than 5 percent

Oil prices jumped, at the end of Thursday’s trading, with attention focused on major crude producers in the Middle East and growing concerns that the expansion of the conflict in the region could pose a threat to global supplies.

Brent crude futures…

Kuwait’s Finance Minister attends GCC-IMF meeting in Doha

Kuwaiti Minister of Finance, Economic Affairs and Investment, and the Acting Minister of Oil, Eng. Nora Al-Fassam, participated on Thursday, in a meeting between the Financial and Economic Cooperation Committee of the GCC countries, the Committee of t…

Kuwait Min. stresses need of boosting GCC economic ties

It is imperative to enhance the Gulf economic cooperation in the future, Kuwait’s Minister of Finance, Minister of State for Economic Affairs and Investment, and Acting Minister of Oil Nora Al-Fassam said on Thursday.

Al-Fassam welcomed Kuwait’s host…

World Bank approves USD 250 Million energy project in Lebanon

The World Bank announced on Thursday, that it has approved a USD 250 million project to enhance renewable energy in Lebanon by restoring electricity grid services and supporting the continuation of reforms.

In a press release, the bank stated that “t…

GCC financial, economic cooperation cmte convenes in Doha

The financial and economic cooperation committee of the Gulf Cooperation Council states held its 122nd meeting on Thursday in the Qatari capital, Doha, with Kuwait’s participation.

GCC states have proven that they are able to face challenges and achi…