Oil prices jumped, at the end of Thursday’s trading, with attention focused on major crude producers in the Middle East and growing concerns that the expansion of the conflict in the region could pose a threat to global supplies.

Brent crude futures…

Kuwaiti Minister of Finance, Economic Affairs and Investment, and the Acting Minister of Oil, Eng. Nora Al-Fassam, participated on Thursday, in a meeting between the Financial and Economic Cooperation Committee of the GCC countries, the Committee of t…

It is imperative to enhance the Gulf economic cooperation in the future, Kuwait’s Minister of Finance, Minister of State for Economic Affairs and Investment, and Acting Minister of Oil Nora Al-Fassam said on Thursday.

Al-Fassam welcomed Kuwait’s host…

The World Bank announced on Thursday, that it has approved a USD 250 million project to enhance renewable energy in Lebanon by restoring electricity grid services and supporting the continuation of reforms.

In a press release, the bank stated that “t…

The financial and economic cooperation committee of the Gulf Cooperation Council states held its 122nd meeting on Thursday in the Qatari capital, Doha, with Kuwait’s participation.

GCC states have proven that they are able to face challenges and achi…

The European Commission announced Thursday a further 30 million euros (USD 33 million) in urgent humanitarian aid to help those most in need in Lebanon.

This new emergency aid package will provide “urgent food assistance, shelter and health care” amo…

The International Monetary Fund (IMF) will commence the fourth review of Egypt’s Extended Fund Facility (EFF) loan programme in November through an IMF mission visiting Cairo, Minister of Planning, Economic Development, and International Cooperation R…