Kuwait has experienced a significant surge in electronic purchases and payments by both citizens and residents, marking ...

KUWAIT: Kuwait recently approved the draft FY25/26 budget, which projects a wider deficit of KD 6.3 billion (13 percent of GDP), from KD 5.6 billion in the FY24/25 budget. Some spending restraint is ...

Consumer spending in Kuwait hit record levels in 2024, underpinned by a growing preference for card payments and a thriving ecommerce industry. Figures from the Central Bank of Kuwait for 2024 showed ...

KUWAIT CITY - Kuwait’s consumer spending reached an unprecedented level in 2024, with total expenditures by citizens and residents hitting 47.81 billion Kuwaiti dinars (KD). This represents a ...

KUWAIT CITY, Jan 27: Kuwait’s consumer spending reached an unprecedented level in 2024, with total expenditures by citizens and residents hitting 47.81 billion Kuwaiti dinars (KD). This represents a ...

However, if spending comes in 10 percent below budget as it did last year, this could mean a small deficit of KD38-KD93 million. Kuwait's 2001-2002 budget projects a deficit of $5.95 billion.

Kuwait’s economy is estimated to register a real growth rate of 6.5%-7.0% in 2006, which followed 8.1% growth rate in 2005. Kuwait’s nominal GDP grew by 35.1% to reach KD23.6bn in 2005 and ...

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 ...

Kuwait's Ministry of Public Works said on Sunday it signed a contract with a subsidiary of the Chinese Ministry of Transport ...

The festival is also aimed to serve other objective at this level; trimming spending on travel and external tourism that had soared to KD 4.39 billion in 2023. In tandem with the approach for tourism ...

US Secretary of Defense Pete Hegseth reaffirmed on Thursday that Washington remains committed to NATO but called on Europ ...