Kuwait has secured its place as one of the top countries with the cheapest gasoline prices worldwide, ranking 7th out of 170 countries analyzed by Global Petrol Prices. This makes Kuwait one of the ...

With a population of around 4.45 million as of 2022, Kuwait is a Western Asian country near the Persian Gulf. It is an oil-rich nation with beautiful cityscapes, scorching heat, and significant ...

BlackRock Inc. is exploring plans to open an office in Kuwait, according to people familiar with the matter, marking the asset manager’s latest effort aimed at deepening ties to the oil-rich region.

On the back of its large fiscal surpluses (Kuwait had the largest fiscal surplus in the GCC prior to 2014), substantial reserves and periods of high oil prices, government spending rose from 38.8% of ...

The price of Kuwaiti oil went down by 49 cents to USD 83.09 per barrel (pb) on Tuesday, compared with USD 83.58 pb the previous day, said the Kuwait Petroleum Corporation (KPC) on Wednesday. At the ...

The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to ...

The Middle East and North Africa region navigates the future of energy by balancing its traditional dominance in oil and gas ...

Kuwait possesses some of the world's largest crude oil reserves, enabling abundant and cost-effective domestic fuel production. Its rich oil fields and efficient infrastructure contribute to low ...