Kuwait
Kuwait’s crude oil exports to Japan increases by 11.7%
KUWAIT CITY: Kuwait's crude oil exports to Japan jumped 11.7 percent in October from a year earlier to 6.62 million...
IMF hits remittance tax on Expats
KUWAIT CITY: The International Monetary Fund (IMF) has indicated that imposing tax on expatriates’ remittances and incomes, the possibility of...
Kuwait increases oil exporting contracts with Japan
KUWAIT: Kuwait's crude oil exporting contracts have recently increased 28 percent with Japan, and 65 percent with Taiwan, Kuwait Petroleum...
GCC mulling 10-15% profit tax after VAT in 2018: IMF
KUWAIT CITY: The GCC countries are considering several additional reforms, including 10 to 15 per cent tax on business profits,...
GCC states to increase tax on tobacco imports by 100%
KUWAIT CITY: The Gulf Cooperation Council (GCC) member states intend to increase the customs duty levied on imports of tobacco...
Kuwait unveils $132b island development plan
KUWAIT CITY: Kuwait has embarked on an ambitious project to develop five islands at an investment of nearly KD40 billion...
Kuwait retains ranks at 6th of world’s best tax environments
KUWAIT CITY: As its domestic and international businesses await major regulatory change with the introduction of VAT from January 2018,...
Kuwait to renew contract to supply crude oil to Egypt
KUWAIT: Kuwait renewed a contract to supply Egypt with crude oil for the next three years, according to a senior...
Kuwait plans to impose taxes on expat remittances, companies
KUWAIT CITY: Kuwait’s government is reportedly planning to impose taxes on expat remittances and companies, reduce subsidies and privatise a...
Kuwait’s fiscal, external accounts affect by lower oil prices
KUWAIT: Kuwait’s fiscal and external accounts have been adversely affected by the lower oil prices, and financing needs have emerged....
Bilateral trade with Swiss Confederation reaches to USD700m: KCCI Chairman
KUWAIT: Deputy Chairman of the Kuwait Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan on Monday said that bilateral trade...
Inflation increases in Kuwait during September
KUWAIT CITY: Headline inflation rose to 3.8% year-on-year (YoY) from 2.9% in August, reports NBK. Excluding the increase in fuel...
KAMCO’s revenues increase to KD5.6m in 9 months of 2016
KUWAIT CITY: KAMCO Investment Company yesterday reported its financial results for the third quarter ended September 30, 2016. The Company...
Kuwait’s Zain Group expects to finalise Saudi tower sale in H1 2017
KUAWAIT CITY: Kuwaiti telecoms group Zain expects to sell its mobile transmitter towers in Saudi Arabia for more than $500...
Kuwait airline Jazeera sees Q3 net profit slump by 27%
KUWAIT CITY: Kuwait-based Jazeera Airways has announced its third quarter financial results, reporting a net profit of KD6 million ($19.7...
VAT regime may present challenges to GCC
KUWAIT: Having made presentations to a total number of 1400 -1500 clients of BDO in each of the 6 Gulf...
Kuwait to start applying VAT in six months
KUWAIT: Al-Aiban and Ossaimi partner and tax advisory service agent at Ernst and Young (EY) Alok Chugh said Kuwait will...
Kuwait’s banking sector remains stable
KUWAIT CITY: Kuwait’s banking sector remained stable last year despite growth easing from double-digit levels in 2013 and 2014, according...
Asian arrested attempting to smuggle 2.5kg heroin into Kuwait
KUWAIT CITY: An Asian expatriate was arrested attempting to smuggle 2.5 kg of heroin into Kuwait. Airport customs officers discovered...
Kuwait’s crude oil exports to China by 8.6% in September
KUWAIT CITY: Kuwait’s crude oil exports to China rose 8.6 per cent in September from a year earlier to a...
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