Local Economy

CBK eased the risk weighting for SMEs to 25% from 75%

2 April 01:09 PM Kuwait C. bank offers stimulus to support vital sectors, SMEs

Mubasher: The Central Bank of Kuwait (CBK) on Thursday announced a stimulus package to help vital economic sectors, projects of added value, and small and medium-sized enterprises (SMEs) cushion the impact of the coronavirus outbreak. The new …

Global crude prices declined in a volatile session on Wednesday

2 April 10:51 AM Kuwait’s crude oil falls to $16.68 pb Wednesday - KPC

Mubasher: The price of Kuwait’s crude oil fell by $9.02 on Wednesday, 1 April, to finish at $16.68 per barrel (pb), compared with $25.7 pb last Tuesday, according to the official prices released by Kuwait Petroleum Corporation (KPC). At the global …

The total number of recovered cases in Saudi Arabia reached 264

1 April 04:58 PM Saudi Arabia announces 157 new COVID-19 cases

Riyadh – Mubasher: Saudi Arabia has reported 157 new coronavirus (COVID-19) cases, bringing the total number of cases in the Kingdom to 1,720, the spokesman for the Saudi Ministry of Health Mohammed Al Abd Al Ali announced on Wednesday. Al Ali …

The Emir of Kuwait, Sheikh Sabah Al Ahmad Al Sabah

1 April 02:22 PM Kuwait's Emir donates KWD 5m for coronavirus relief

Mubasher: Kuwait's Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah has donated KWD 5 million in support of the recently-launched fund that aims to mitigate the fallout from the coronavirus (COVID-19) pandemic, Kuwait News Agency (KUNA) reported on …

A total of 911 cases left the quarantine in Kuwait

1 April 12:38 PM Kuwait’s COVID-19 toll up at 317

Mubasher: The number of coronavirus (COVID-19) infections in Kuwait reached 317 after 28 new patients tested positive for the pandemic during the past 24 hours, according to an official statement by the health ministry on Wednesday. Earlier this …

Global crude prices plunged by more than 54% on Tuesday

1 April 11:16 AM Kuwait’s crude oil up $1.37 pb on Tuesday - KPC

Mubasher: The price of Kuwait’s crude oil increased by $1.37 on Tuesday, 31 March, to settle at $25.7 per barrel (pb), compared with $24.33 pb last Monday, according to official prices released by the Kuwait Petroleum Corporation (KPC). At the …

The ministry also reported seven new recoveries

1 April 10:46 AM Egypt’s COVID-19 cases reach 710

Cairo – Mubasher: The Egyptian Ministry of Health confirmed 54 new cases of the novel coronavirus (COVID-19) of Egyptians returning from abroad. In addition, the ministry also reported seven new coronavirus recoveries and five new deaths, the …

Saudi Ministry of Health

31 March 06:42 PM Saudi Arabia reports 110 new coronavirus cases

Riyadh – Mubasher: The Saudi health ministry recorded 110 new cases with the coronavirus (COVID-19), bringing the total number of cases in the kingdom to 1,563 since the outbreak of the global pandemic. The ministry said in its daily report that …

Global oil prices fell to an 18-year low on Monday

31 March 11:49 AM Kuwait’s crude oil down $1.93 pb on Monday – KPC

Mubasher: The price of Kuwait’s crude oil price registered $24.33 per barrel (pb) on Monday, 30 March, down by $1.93 when compared to $26.26 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). At the …

Residents allowed to leave Kuwait next month without paying travel costs or violation fines

30 March 05:06 PM Kuwait allows residence violators to depart without paying fines

Mubasher: Kuwait’s Deputy Prime Minister and Interior Minister, Anas Al Saleh, on Monday issued a resolution granting a grace period to residence violators to depart the country without paying any fines. The amnesty decision allows residents to …

Investors in Boursa Kuwait

29 March 12:41 PM Kuwait’s COVID-19 toll rises to 255

Mubasher: The total number of coronavirus (COVID-19) cases in Kuwait grew to 255 on Sunday after 20 new patients tested positive for the novel disease over the past 24 hours, the country’s health ministry disclosed on its official Twitter page. …

Photo Archive

28 March 11:41 AM Egypt sets travellers quarantine period at 28 days

Mubasher: The Egyptian Ministry of Health has decided to set the isolation period for returning passengers and their families and those who were in close contact with them at 28 days, instead of 14 days. The move comes as part of efforts to combat …

Photo Archive

27 March 10:33 PM Egypt announces 41 new coronavirus cases

Cairo – Mubasher: The Egyptian Ministry of Health and Population reported 41 new coronavirus (COVID-19) cases and six deaths. The new cases include 40 Egyptians, who were in contact with previously reported cases, and an American. In addition, 14 …

President of Egypt, Abdel Fattah El-Sisi

27 March 06:07 PM Egypt calls for African debt relief by G20 countries

Cairo – Mubasher: President of Egypt, Abdel Fattah El-Sisi, has presented an initiative to the G20 group to consider easing debt burdens on African countries, in light of the impacts of the coronavirus (COVID-19) crisis on the continent’s …

Kuwaiti crude settled at $27.81 per barrel (pb) on Thursday

27 March 03:27 PM Kuwait oil down to $27.8 pb

Mubasher: The price of Kuwait oil decreased by $1.13 on Thursday, Kuwait News Agency (KUNA) reported. Kuwaiti crude settled at $27.81 per barrel (pb) yesterday, compared with its level on Wednesday’s close at $28.94, according to the Kuwait …

A total of 49 cases have now recovered in Kuwait

26 March 02:19 PM Kuwait reports 13 coronavirus cases; total at 208

Mubasher: Kuwait has reported 13 new coronavirus (COVID-19) cases during the past 24 hours, the Ministry of Health announced on Thursday. Six cases are Kuwaiti citizens who recently arrived from Saudi Arabia, Egypt, and France, while one case is …

Seven cases have recovered from the novel disease in the UAE

25 March 05:03 PM UAE announces 85 new COVID-19 cases

UAE - Mubasher: The UAE has reported 85 new coronavirus (COVID-19) cases, including seven Emiratis, raising the total number of cases to 333, The Emirati Ministry of Health and Population (MoHAP) announced in a press conference on Wednesday. …

The new cases include 18 individuals who returned from abroad

25 March 04:56 PM Saudi Arabia announces 133 new COVID-19 cases

Mubasher: The Saudi health ministry on Wednesday confirmed 133 new infections with the coronavirus (COVID-19), state-run Saudi Press Agency (SPA) reported. The new cases include 18 individuals who returned from abroad and 115 that had been in …

Egypt recorded 40 new COVID-19 cases

25 March 04:26 PM Egypt's COVID-19 cases rise to 442

Cairo – Mubasher: Egypt has recorded 40 new coronavirus (COVID-19) cases, bringing the total number of cases to 442, Minister of Health Hala Zayed announced on Wednesday. During a press conference held on Wednesday, Zayed referred that the number …

The flights will be operated through Egypt Air’s Boeing 777

25 March 03:17 PM Egypt sends first charter flight to Kuwait

Cairo – Mubasher: EgyptAir has operated the first chartered flight from Cairo to the Kuwait International Airport to bring Egyptian nationals back home on Wednesday, Middle East News Agency (MENA) reported. The move was confirmed on Monday when …

Brent futures inched up by 12 cents on Tuesday

25 March 12:16 PM Kuwait’s crude oil rises to $27.97 pb Tuesday – KPC

Mubasher: The price of Kuwait’s crude oil went up by $1.86 on Tuesday, 24 March, to finish at $27.97 per barrel (pb) from $26.11 pb on Monday, according to the official prices of the Kuwait Petroleum Corporation (KPC). Globally, crude prices …

Kuwait Airways operated a flight to Beirut at 8:55 a.m. local time

25 March 12:00 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. …

A total of 43 COVID-19 patients have recovered in Kuwait

25 March 11:28 AM Kuwait registers 4 new COVID-19 cases, 4 recoveries

Mubasher: Kuwait on Wednesday announced that four new patients tested positive for the new coronavirus (COVID-19) over the past 24 hours, taking the country’s toll to 195 cases so far, according to an official statement by the health ministry. Two …

Downtown Cairo - (Photo Archive)

24 March 03:04 PM Egypt enforces two-week curfew from 7 PM to 6 AM

Cairo - Mubasher: The Prime Minister of Egypt, Moustafa Madbouly, announced on Monday that the government will impose a curfew on main roads during night time for two weeks, starting Wednesday 25 March 2020. It prohibits commuting on public roads …

Global prices jumped by more than 3% on Monday

24 March 11:54 AM Kuwait’s crude oil retreats to $26.11 pb on Monday - KPC

Mubasher: The price of Kuwait’s crude oil decreased by $4.33 on Monday, 23 March, to stand at $26.11 per barrel (pb) compared to $30.44 pb last Friday, according to the official prices by the Kuwait Petroleum Corporation (KPC). Global oil prices …