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Kuwait to get world's longest bridge Sheikh Jaber Causeway, to reduce travel time between Kuwait City and Subiya by 50 minutes
Fri, Feb 15, 2019
Sheikh Jaber Causeway is expected to cut down the travel time between downtown of Kuwait City and Subiya to 20 minutes from over 70 minutes at present.
CBDT notifies amendments to India-Kuwait tax treaty
Mon, May 07, 2018
The tax department has notified the amendments to Double Taxation Avoidance Agreement (DTAA)between India and Kuwait, which enables sharing of information with other law enforcement agencies.
FranGlobal eyes $100 mn investments from Gulf investors
Sun, Jan 21, 2018
FranGlobal helps Indian firms set up operations outside the country and also helps scale up brands which already have presence outside India
Demonetisation: RBI turns down Indians, NRIs went for exchange of old notes as deadline ends today
Fri, Mar 31, 2017
The Reserve Bank of India (RBI) offices have turned down several Indians including NRIs went for exchanging old currency notes as the deadline ends on March 31, 2017.
Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official
Fri, Mar 24, 2017
An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.
Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants
Tue, Feb 07, 2017
Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.
OPEC oil output inches down after November deal
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
Oil prices edge up as Kuwait cuts supplies by more than expected
Fri, Dec 16, 2016
Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut.
Kuwait launches foreign bond sale to finance deficit
Sun, Nov 06, 2016
Oil income contributed around 95 percent of public revenues in those years. During the past two years, oil has lost around 60 percent of its value.
Zain to pay Bharti Airtel nearly Rs 858 crore in Africa business sale settlement
Thu, Nov 03, 2016
Zain, Kuwait's number one telecom operator by subscribers, on Thursday, said it will pay $129 million (nearly Rs 858.20 crore) to Bharti Airtel over a settlement related to the sale of Zain's Africa operations to the Indian firm in 2010.
Global markets reach record high levels with strike in Kuwait raising oil prices
Tue, Apr 19, 2016
The stock markets in over 45 countries rose to their highest levels with a rise in oil prices due to the Kuwaiti oil workers on strike
Oil prices rise as Kuwaiti workers strike continues for third day
Tue, Apr 19, 2016
Kuwait's crude oil production halved after workers continued their strike for the third day pushing oil prices up