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KNPC, NCPI sign MoU to localize MAN production

Kuwait National Petroleum Company (KNPC) and NCPI sign a memorandum of understanding to localize MAN production, signaling a strategic shift in oil investments and strengthening public-private sector…

Source: Arab Times Business

Top crude oil producers: not all are OPEC members

A report notes that among the world’s top six crude oil producers, four are outside OPEC, and the five largest producers are not all members of the organization. The findings highlight that governing control…

Source: Arab Times Business

TSMC Posts Record Profit as AI Chip Demand Surges

Taiwan Semiconductor Manufacturing Company reports a 68.7% year-on-year rise in third-quarter net profit, reflecting strong demand for AI chips. The report notes continued momentum in the AI semiconductor…

Source: Arab Times Business

Oil prices hinge on Hormuz navigation

Oil markets remain unsettled as traders await clarity on safe navigation through the Strait of Hormuz. If the strait cannot be fully secured, potential disruptions to global oil supplies could influence…

Source: Arab Times Business

Oil Ministry: Worker safety top priority in oil, gas sector

The Kuwaiti Oil Ministry reiterates that worker safety is the top priority across the oil and gas sector, as stated by Acting Assistant Undersecretary for Administrative Affairs and Information Systems Nadia…

Source: Arab Times Business

KNPC workforce peaks at 7,650 staff by mid-2026

KUWAIT CITY, Oct 3 — The Kuwait National Petroleum Company (KNPC) reports a record workforce size, with national staff rising to 7,650 by mid-2026. The report notes an unprecedented expansion of personnel…

Source: Arab Times Business

154 tenders awarded in 6 months

The Central Agency for Public Tenders (CAPT) of Kuwait reported 154 tenders awarded in the first six months of the current year, with the total value not specified in the provided excerpt.

Source: Arab Times Business

Two vital oil chokepoints under threat

Two openings crucial to global oil transit—the Strait of Hormuz and Bab el-Mandeb—are reported as being under threat, with potential implications for supply and shipping routes. The report emphasizes that…

Source: Arab Times Business

Kuwait keeps rates steady after Fed hike

Kuwait maintains its monetary policy stance in response to the recent Federal Reserve rate increase, signaling flexibility and ongoing adaptability to global monetary developments. Details on policy tools,…

Source: Arab Times Business

Wholesale price inflation in India rises to 9.92% in August

India’s wholesale price-based inflation increased to 9.92% in August, up from 9.78% in July, with higher prices in food, manufactured products, and fuel and power noted. No authorities or policy actions are…

Source: Arab Times Business

Kuwait Airways Adds Sixth A330-900neo, Names It “Qaruh”

Kuwait Airways has taken delivery of its sixth Airbus A330-900neo, the aircraft named “Qaruh,” as part of a fleet expansion under an Airbus purchase agreement. The brief notes the delivery but does not…

Source: Arab Times Business

Refining products in desperate need

Markets are discussing where to obtain finished petroleum products amid globally limited supply, with particular focus on import avenues and sourcing challenges. The situation is affecting availability and…

Source: Arab Times Business

Consiliojus Reviews: How Citizenship Eligibility Is Assessed

A Kuwait-focused business article discusses Consiliojus’ examination of how citizenship eligibility is evaluated. The piece notes uncertainty around the criteria and processes used to determine eligibility,…

Source: Arab Times Business

Iranian rial hits fresh record low against dollar

Iran’s currency continued a steep decline, sliding to a reported record low around 2.25 million rials per US dollar. No authorities or timelines are confirmed here, and the situation reflects ongoing…

Source: Arab Times Business

Kuwait’s economy gears up for ‘slow’ year-end recovery

Easing geopolitical tensions are seen as potentially supporting a modest final quarter for Kuwait’s economy, with expectations of absorption of shocks and a gradual uptick into 2026, though details remain…

Source: Arab Times Business