Kuwait Financial News

For many years now, the Middle East has been the home to a growing sense of economic dynamism and an increasing appetite for the latest investment opportunity.

US elections 2024: Joe Biden and Donald Trump secure primary wins in Illinois Last month, Trump acknowledged that at least five high-profile Republicans and one former Democrat are on the shortlist for potential running mates in the general election. According to the New York Post, the names included, Tulsi Gabbard, Florida Gov. Ron DeSantis, Tim Scotte, Byron Donalds, and South Dakota Governor Kristi Noem.

Sunil Chhetri, India’s football captain, once told this paper. In that context, the next three months will be crucial for Indian football. India are scheduled to face Afghanistan (twice), Kuwait and Qatar in the FIFA World Cup 2026 qualifiers. The top two teams from the group will qualify for the third qualifying round. If India could make it for the first time in history, the Blue Tigers will have the opportunity of playing five of Asia’s best teams twice within a one-year time frame. Ten games against quality teams could completely redefine the growth curve of Indian football. “Every football player wants to get as close to the World Cup as he possibly can. In our case this is our best opportunity. We have never made it to the third round and we know this will open up 10 more games for us and we can then play each game as a final,” India’s goalkeeper Gurpreet Singh Sandhu said.

oil markets have been largely quiescent. In fact, however, a new phase is beginning—one in which oil demand, not supply, will be the primary influence on energy markets. This shift will bring with it profound geopolitical consequences.

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts

By Maha El Dahan and Alex Lawler

Ramadan started on March 24 and finished on April 21. In countries like United Arab Emirates, Bahrain, Kuwait, Lebanon, Oman, Pakistan, Saudi Arabia, UK, US, Turkey, Maldives, Ramadan is likely to start on 11 March. In India, Bangladesh, Indonesia, Egypt, Ramadan is likely to start from 12 March, a report by Hindustan Times has states.

Kuwait National Day: Google Doodle celebrates Kuwait National Day with a vibrant and interactive doodle, showcasing the nation's rich culture and heritage, on February 25, 2024. The doodle featured iconic landmarks like the Kuwait Towers and the Grand Mosque, alongside traditional Kuwaiti attire and celebratory elements like fireworks and flags. Kuwait National Day marks the country's independence from the British protectorate in 1961.

Kuwait, seven of the eight Indian navy veterans who were sentenced to death on 'espionage' charges, heaped praise on Prime Minister Narendra Modi, saying they wouldn't have been freed had it for the sustained diplomatic efforts at his behest to secure their release. Their death sentence was later commuted to an extended prison term following sustained diplomatic interventions and legal assistance from New Delhi. Relieved to finally walk free, the seven former Navy officers raised chants of 'Bharat Mata ki Jai' after arriving at the Delhi airport in the early hours of Monday.

By Ariba Shahid

All eyes will yet again be on Sunil Chhetri as he leads India at the AFC Asian Cup on Saturday against Australia. First things first, it is a very tough group and India’s chances of making the next stage is limited. Having said that, a good fight against Australia and Uzbekistan and a win against Syria could lay the groundwork for the World Cup qualifiers against Afghanistan in March. Chhetri talks to ET about the importance of the Asian Cup, India’s chances in the World Cup qualifiers and more. Excerpts: How important is the AFC Asian Cup. Could you help put things in context? Except the five teams from Asia that go on to play the World Cup, every other Asian team looks at the Asian Cup as the World Cup.

Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures.

India's increased intake of African oil helped partly offset the 18% month-on-month import decline from its top supplier Russia in December, according to energy cargo tracker Vortexa. Russia's share in India's imported crude market shrank to 30% in December from 34.5% in November. Africa's share increased to 7.6% from 4.7%.

students and parents and 24/7 through the Board's 1800-11-8004 toll-free number as per the press release. Since 1998, CBSE has been offering counselling in two phases that includes pre-exam and post-result. This service which began 25 years ago aims to ensure that students from affiliated schools experience minimal stress during examinations.

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

Kuwait's emir Sheikh Nawaf al-Ahmad Al-Sabah, who was defence minister when Iraq invaded the oil-rich country in 1990, was laid to rest Sunday in a low-key funeral, a day after he died aged 86. Foreign leaders and envoys were later due to pay their final respects, including the Saudi de facto ruler, the kings of Bahrain and Jordan, and US Defense Secretary Lloyd Austin.

Kuwait’s new ruler is taking over in his 80s and will be confronted with the same economy-hobbling political dysfunction that has for years doomed reforms. But there are differences in this succession as well as similarities, and how they play out will help dictate whether 83-year-old Emir Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah can break the OPEC member state free of its paralysis.

Sheikh Nawaf al-Ahmad al-Jaber al-Sabah's death is yet to be disclosed. In response to the news, Sheikh Mohammed Abdullah Al Sabah, the minister of his emiri court, expressed profound sorrow, stating, "With great sadness and sorrow, we--the Kuwaiti people, the Arab and Islamic nations, and the friendly peoples of the world--mourn the late His Highness the Emir." As a mark of respect, the Indian government has declared a State mourning across the country on Sunday.

India has declared a one-day state of mourning throughout the nation on Sunday as a mark of respect to the Emir of the State of Kuwait, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah who passed away today. As a part of state mourning, the Indian tricolour will be flown at half-mast throughout India on all buildings where it is flown regularly. «His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, the Amir of the State of Kuwait passed away on December 16, 2023.

Kuwait’s ruling emir has died at age 86