KUWAIT, Aug 19 Kuwait's parliament on Wednesday
approved a law to make transfers of state revenue to one of its
sovereign wealth funds conditional on budget surpluses, a move
which will provide more than $12 billion in much needed
liquidity to the treasury.
KUWAIT Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by the end of the fiscal year ending March 2021 if parliament approves a long-debated debt law, a government document seen by Reuters showed.
KUWAIT Kuwait's government formally submitted a public debt law to parliament on Sunday which would allow it to borrow 20 billion dinars ($65 billion) over 30 years, including 8 billion dinars to help finance the current budget deficit, a legislator said.
KUWAIT Kuwait will enact a "total curfew" from 4pm (1300 GMT) on Sunday through to May 30 to help to curb the spread of the new coronavirus, its cabinet said in a statement on Friday.
KUWAIT, April 30 Kuwait's Jazeera Airways
has laid off over a third of its staff and can dip into
its cash reserves to get through the coronavirus crisis, its
RIYADH/KUWAIT The world's last major coronavirus outbreak, in 2012, began in Saudi Arabia, where a faltering response allowed the Middle East Respiratory Syndrome (MERS) to kill several hundred people and spread across the region.
KUWAIT Citizens and residents of Kuwait got ready for a virtual nation-wide lockdown by rushing to supermarkets as authorities took exceptional measures against coronavirus, including banning all commercial passenger flights starting Friday.
KUWAIT Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said.
KUWAIT, Jan 14 Kuwait expects a budget deficit
of 9.2 billion dinars ($30.33 billion) in the fiscal year
starting on April 1 after it has deposited 10% of total revenue
into the country's sovereign wealth fund, government figures
released on Tuesday showed.
KUWAIT State-run Qatar Petroleum (QP) said on Sunday it had signed a 15-year agreement to supply Kuwait with up to 3 million tonnes of liquefied natural gas (LNG) per year.