Iraq’s oil production rose to 3.3m b/d in April, more than 100,000 b/d above the figure reported in March, figures in the monthly OPEC Oil Market report show. Aggregate oil output by the six OPEC Gulf states in April was 21.9m b/d,…
Tag: Kuwait
AWCS told Kuwait must create new towns outside the metropolitan area
Kuwait has no option but to create new towns outside the existing 810-square kilometre metropolitan area where more than 90 per cent of Kuwait’s present population of 4m now lives, the annual Arabian World Construction Summit (AWCS) in Dubai was…
AWCS told Kuwait’s population now more than 4m
The MEED Arabian World Construction summit (AWCS) was told this morning that Kuwait’s population is now 4m and that it will significantly greater than 6m in 2030. Head of masterplanning at Kuwait Municipality Saad Muhailbi said that the municipality is…
NBK forecasts flat Kuwait growth in 2014-15
Kuwait’s GDP will be barely changed this year and should expand by 1 per cent in 2015, the latest National Bank of Kuwait (NBK) economic report shows (see table below). GDP at current prices will be KD 50bn in 2014 and…
NBK honours Ibrahim Dabdoub’s 53 years of service
National Bank of Kuwait (NBK) has honored Ibrahim Dabdoub, NBK Ex-Group Chief Executive Officer, for his 53 years at NBK. The honoring ceremony was attended by Anas Al Saleh, Kuwait Minister of Finance, Dr. Mohammad Yousef Al Hashel, the Governor…
IMF deputy managing director says Kuwait non-oil growth will accelerate
Deputy IMF managing director Min Zhu said on 1 May that Kuwait’s non-oil GDP growth is expected to accelerate to 3.9 per cent in 2014 from 2.7 per cent last year. Zhu was speaking following a visit to Kuwait on…
Kuwait targets residential water waste and building retrofits
Kuwait’s developing electricity and water efficiency programme is targeting householders caught wasting water and a pilot home retrofitting project will soon be launched, according to Suhaila Marafie, director of the studies and research department in Kuwait’s Ministry of Electricity &…