Kuwait Re: improved results in 2024

Kuwait Re closed the 2024 financial year with a net profit of 45.93 million USD, up by 30% over one year. Gross written premiums rose by 9% to 325.76 million USD. Insurance revenue climbed from 232.11 million USD at end-December 2023 to 259.88 million USD …

Kuwait faces severe parking shortage, study says

Kuwait suffers from a severe shortage in parking spaces, with approximately 47,632 shortage of spaces, making it one of the highest in the world, a recent real estate study revealed. The study, prepared by Aayan Real Estate Company in cooperation with …

Family on trial in Kuwait for allegedly killing Asian woman

A father, his two sons, and daughter-in-law stood trial yesterday at a court in Kuwait after being charged with killing an Asian woman. According to the Prosecution, the victim, who was in a relationship with one of the sons, was murdered after she got …

Kuwait revokes citizenship of 9,464 individuals

Kuwait has revoked the citizenship of 9,464 individuals, local media reported, citing the country’s official gazette. Four decrees and two decisions appeared in the country’s official gazette, Kuwait Today, stripping 9,464 individuals of their Kuwaiti …

Kuwait Witnesses 11.8 % Increase in Elderly People

In line with the Ministry of Health’s launching of the National Survey of Elderly Health project, statistics from the Public Authority for Civil Information (PACI) revealed an 11.8 percent increase in the number of elderly in the country abave 65 years old …

HORECA Kuwait celebrates industry excellence

Held over three days at Kuwait International Fairground, HORECA Kuwait gathered more than 8,000 visitors and 80 exhibitors, showcasing over 500 brands across 7,000 square meters of exhibition space. Indeed, the event welcomed high-profile guests, including …

President of Uzbekistan on official visit to Kuwait

On February 17 President of the Republic of Uzbekistan Shavkat Mirziyoyev and Emir of the State of Kuwait Sheikh Meshal Al-Sabah held a bilateral meeting and negotiations with the participation of members of official delegations at the Al-Bayan Palace in …

Kuwait-listed Mabanee cuts stake in Saudi JV Shomoul

Kuwait-listed real estate company Mabanee said on Tuesday it has decided to reduce its shareholding in the Saudi real estate joint venture Shomoul. In a Kuwait bourse statement, Mabanee said it has decided to cut the stake from 80 percent to 73 percent …

Photo story: President Shavkat Mirziyoyev's visit to Kuwait

Kuwait’s Boubyan Bank implements Intellect’s digital banking platform

Boubyan Bank, a leading Kuwaiti Islamic bank, has successfully completed the second phase implementation of Intellect Design Arena’s eMACH.ai Digital Transaction Banking (DTB) solution, the companies announced today. The new platform aims to enhance the …