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FINANCIAL NEWS
Kuwait’s energy projects to receive USD 115bn support
30 May 2016
(MENAFN) Kuwait reserved a USD 115bn in order to spend on oil projects among the coming five years, despite the decline in oil prices.
Moreover, over USD 100bn will be spent on the regional market and the rest abroad, while over two-thirds of the spending has been allocated for production.
Additionally, the country plans to raise its production capacity, recently just more than 3.0mn barrels per day to 4.0mn bpd by 2020.
On the other hand, it also aims to build four gathering centers, hold a key project to boost heavy oil production and raise output of free natural gas.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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