Please wait...
GulfBase Live Support
- Picking UAE stocks that can withstand global markets' tariff whiplash
- Dubai's Emirates NBD clears Dh1 trillion balance-sheet milestone in Q1-2025
- NBK reports a net profit of KD 134.1 million for Q1 2025
- CBB Treasury Bills oversubscribed by 166%
- Bahrain All Share Index closes lower
- Boubyan Bank records KD 26.5 million in net profit for Q1, 2025, an increase of 6%
- Zain Kuwait, one of the first mobile operators in region to achieve ISO 37301
- CBO launches 74th issue of Government Development Bonds via auction
- QNB Group broadens funding sources, open to future opportunities
- Bank Muscat advances digital transformation
22/04/2025 03:22 AST
Kuwait has allocated nearly $6 billion towards infrastructure and services projects in its 2025-2026 budget with special focus on rail, roads, water, electricity as well as the construction of the Mubarak Al Khabeer Port, said media reports.
The budget includes capital spending of nearly KD1.7 billion ($5.7 billion) and more than 90 projects, reported the Arabic language daily Alqabas, citing official papers.
The government has set a number of goals to be achieved through such projects in the current budget...they include increasing growth rates, expanding the private sector's role in the economy and boosting non-oil revenues, it stated.
The Kuwaiti government is embarking on 90 new projects in various sectors, including roads, education, health, and infrastructure, reported Arab Times citing a senior official.
"For example, two new football stadiums are being planned in the new cities in the northern parts of Kuwait, at a total cost of KD1.7 billion," he stated.
While the budget is ambitious, we need projects that provide long-term benefits, help maintain our competitive edge, and create job opportunities for the estimated 25,000 new graduates entering the workforce each year, he added.
Trade Arabia
| Ticker | Price | Volume |
|---|
22/04/2025
This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 166%.
The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of
BNA
22/04/2025
The Central Bank of Oman (CBO) announced the new issue of Government Development Bonds.
The size of the new issue is at RO 100 million, with a maturity period of 5 years and will carry a co
Times of Oman
22/04/2025
The Saudi Ports Authority (Mawani) has announced the addition of the new IMB1 shipping service, operated by CStar Line, to Jeddah port as part of its ongoing efforts to enhance maritime connectivity
Trade Arabia
22/04/2025
Artificial Intelligence (AI) will serve as the foundation of Dubai's future, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, has declared.
Trade Arabia
22/04/2025
Softer transport and food costs resulted in the cooling of Dubai's consumers price index last month, data showed on Monday.
According to Emirates NBD Research, headline CPI inflation in Duba
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia