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Sector News

Jazeera Airways
1 April 02:17 PM Jazeera Airways adds new routes starting mid-April
Mubasher: Jazeera Airways will restart twice-weekly services from Kuwait to Egypt and Georgia as of 15 April 2026, according to a press release. The new routes to Tbilisi, Sharm El-Sheikh, and Hurghada will be operated through Saudi Arbia at King …
Global Economy
Jazeera Airways
31 March 01:49 PM Jazeera Airways resumes flights to Jeddah through Qaisumah Airport
Mubasher: Jazeera Airways has relaunched its flights from Kuwait to Jeddah in Saudi Arabia as part of the airline’s expanded dual-base operations, according to a press release. The resumption took effect on 28 March 2026, with fights being …
Company News
Jazeera Airways Establishes Strong Kuwait–Egypt Connectivity
19 March 02:05 AM Jazeera Airways enhances Kuwait–Egypt route during current regional situation
Mubasher: Jazeera Airways has strengthened connectivity between Kuwait and Egypt to support essential travel during the current regional situation and local airport closures, according to a press release. The Kuwaiti airline operates flights to …
Companies Investments
Photo Gallery
18 March 08:43 AM Jazeera Airways resumes flights to UAE via Qaisumah Airport
Mubasher: Jazeera Airways will resume daily flights between Kuwait and Al Ain starting 18 March via Qaisumah Airport, as part of efforts to maintain connectivity amid ongoing disruptions at Kuwait International Airport. The route marks the first …
Companies Investments
Photo Gallery
16 March 10:59 AM Jazeera Airways launches Kuwait-Istanbul flights via Qaisumah
Mubasher: Jazeera Airways has begun operating flights between Kuwait City and Istanbul via Qaisumah Airport in Hafar Al Batin, Saudi Arabia, as part of the airline’s efforts to maintain passenger mobility amid the current regional situation. The …
Companies Investments
Jazeera Airways
23 February 02:36 AM Jazeera Airways introduces option to lower barriers for traveling through agile digital innovation
Mubasher: Jazeera Airways, the low-cost carrier operating worldwide, has become the first Kuwaiti airline to launch deema, the first licensed Buy Now, Pay Later (BNPL) payment solution in Kuwait. This move marks the fastest-ever airline …
Companies Investments
Jazeera Airways
16 July 2025 03:30 PM Jazeera Airways resumes direct flights to Saudi destination
Mubasher: Jazeera Airways has relaunched tree weekly direct flights to Abha in Saudi Arabia, according to an official statement. Abha is Jazeera Airways’ seventh destination in Saudi Arabia. Meanwhile, the resumption of this direct route between …
Companies Investments
Photo Gallery
7 May 2023 03:17 PM Jazeera Airways endorses regional footprint with new route to Egypt
Mubasher: Kuwait-listed Jazeera Airways will commence operating direct flights to the Sphinx International Airport in Egypt on 16 May 2023. With the new route, the airline currently flies direct flights to seven cities in Egypt. This brings the …
Global Economy
Photo Gallery
15 March 2023 00:41 PM Kuwait’s Jazeera Airways unveils plans for Saudi aviation sector
Mubasher: Kuwait-based airline Jazeera Airways announced the potential establishment of a low-cost airline in Saudi Arabia. The new entity will be founded along with Saudi partners and will be based at the King Fahad International Airport in …
Companies Investments
Photo Archive
30 November 2022 11:50 AM Global Auto named as new importer for BMW, MINI in Egypt
Cairo - Mubasher: BMW Group announced the appointment of Global Auto Group as the new importer of BMW and MINI in Egypt, according to a press release on Wednesday. Global Auto Group has also acquired Bavarian Auto Group, the former importer of …
International Agreements
Photo Archive
13 October 2022 02:03 PM Kuwait Hotels’ unit to manage Safir Hotel Marsa Matruh
Mubasher: Kuwait Hotels Company said that its subsidiary, Safir International Hotel and Resort Management, has signed a contract to operate and manage Safir Hotel in Egypt's Marsa Matruh governorate.    The financial impact of the …
Companies Investments
Photo Archive
22 August 2022 04:06 PM Kuwait Hotels’ unit renews contract to manage Safir Hotel Cairo
Mubasher: Kuwait Hotels Company announced that its subsidiary, Safir International Hotel and Resort Management, has renewed the management contract of Safir Hotel Cairo.   The contract has been extended for a period of two years and four months …
Companies Investments
Photo Gallery
14 July 2022 04:55 PM Kuwaiti Jazeera Airways scales up services in Saudi Arabia
Mubasher: Kuwait’s airlines company Jazeera Airways has added two new destinations to its network in the Saudi cities of Abha and Hail to expand its services in the Kingdom, according to a press release. Three weekly flights will be operated for …
Companies Investments
Expected revenues from the 10-year contract are KWD 1.2 million
23 March 2021 01:54 PM Kuwait Hotels Co's unit inks hotel management deal in Egypt's Sharm El-Sheikh
Mubasher: Kuwait Hotels Company announced that its subsidiary Safir International Hotel and Resort Management signed a contract for the management of Safir Sharm Waterfalls in Egypt’s Red Sea Governorate. Expected revenues from the 10-year …
Companies Investments
The decision will support the company's financial position
4 June 2020 09:19 AM Kuwait National Cinema’s board cuts 2019 dividends
Mubasher: The Board of Directors of Kuwait National Cinema recommended, during its meeting, reducing the cash dividends for fiscal year (FY) 2019 to be 35% of the share’s nominal value or 35 fils per share, subject to the general assembly’s …
Cash Dividends
Jazeera Airways - A320neo 2
2 June 2020 01:34 PM Jazeera Airways gives away 50K free tickets to frontline heroes
Mubasher: Jazeera Airways has offered 50,000 complimentary round-trip tickets to frontline heroes in Kuwait as a reward for their efforts against the coronavirus (COVID-19) pandemic and at an estimated value of KWD 5 million. The initiative …
Company News
Further details will be announced later on
14 May 2020 10:39 AM Soor Fuel awarded KWD 9m selective practice deal by interior ministry
Mubasher: Soor Fuel Marketing (Soor) has won a selective practice worth KWD 9.372 million by the Kuwaiti Ministry of Interior to supply fuel provision cards and RFID system for fuel control and management.  The contract signing process is still in …
Companies Investments
The announcement has no material impact on the group’s financial position
7 May 2020 01:21 PM Alrai Media cancels 2019 dividends; mulls capital cut
Mubasher: The ordinary general meeting (OGM) of Alrai Media Group decided not to distribute cash dividends to shareholders for fiscal year (FY) ended on 31 December 2019. Meanwhile, the extraordinary general meeting (EGM) approved to continue the …
Cash Dividends
All returning citizens underwent testing procedures at a well-equipped centre
20 April 2020 10:12 AM Jazeera Airways runs 15 rescue flights Sunday
Mubasher: Jazeera Airways has operated 15 flights last Sunday as part of the first phase of the air bridge flights to repatriate Kuwaiti citizens from abroad in light of the coronavirus (COVID-19) outbreak. The airline operated four flights from …
Global Economy
The first flights were operated by Kuwait Airways and Jazeera Airways
19 April 2020 11:05 AM Kuwait launches air bridge to evacuate its citizens from abroad
Mubasher: Kuwait International Airport on Sunday received two passenger flights from Dubai and Abu Dhabi as part of the air bridge flights to evacuate Kuwaiti nationals from abroad amid the coronavirus (COVID-19) pandemic. The flights were …
Global Economy
IFA incurred KWD 14.11 million worth of losses in Q4-19
9 April 2020 02:48 PM IFA Hotels’ losses up 17% in 2019
Mubasher: The net losses of IFA Hotels and Resorts surged by 17% over the fiscal year (FY) ended on 31 December 2019 to reach KWD 22.52 million as compared to KWD 19.25 million in 2018. The negative 2019 results are ascribed to a rise in value …
Financial Results
The profits totalled KWD 1.09 million in Q4-19
8 April 2020 09:20 AM Jiyad Holdings' profits edge down 1% in 2019
Mubasher: Jiyad Holding Co achieved profits worth KWD 1.75 million ($5.64 million) in the fiscal year (FY) ended in December 2019, down by 1% when compared to KWD 1.77 million ($5.71 million) in 2018. The increase in the annual profit was backed …
Financial Results
The decision is due to the coronavirus outbreak
7 April 2020 04:03 PM Al Imtiaz Investment, Oula Fuel cancel FY19 dividends
Mubasher: The board of Al Imtiaz Investment Group decided to cancel its proposed dividend distribution of 10 fils per share or 10% of the share’s nominal value for the fiscal year (FY) 2019 due to the coronavirus (COVID-19) implications on the …
Board of Directors
The board recommended not to distribute any dividends for 2019
6 April 2020 09:45 AM Kuwait Hotels’ losses widen 171% in 2019
Mubasher: Kuwait Hotels reported higher losses by 170.7% year-on-year (YoY) in the fiscal year (FY) 2019 at KWD 984,132 ($3.16 million) from KWD 363,582 ($1.17 million). The negative 2019 results were driven by losses from derecognition and …
Board of Directors
Kuwait Airways operated a flight to Beirut at 8:55 a.m. local time
25 March 2020 00:00 PM Kuwait charters flights to evacuate citizens from 3 countries
Mubasher: Kuwait's Directorate General of Civil Aviation (DGCA) announced that three chartered flights to Egypt, Lebanon, and Bahrain will take off on Wednesday, 25 March, from the Kuwait International Airport to bring back Kuwaiti citizens. …
Global Economy