Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Kuwait's leading low-cost carrier Jazeera Airways has announced that it is strengthening the UAE operations with additional flights to capital Abu Dhabi and Al Ain starting from August 10. With this move, its total weekly services across the emirates has risen to 29, including three daily flights to Dubai.
Saudi Arabia and Kuwait are strengthening economic and logistical integration through a digital customs data exchange system and expanded co-operation on railway development, aimed at improving cross-border trade and transport links.
Bahrain's Electricity and Water Authority (EWA) has confirmed that the temporary power outage that affected several areas across the Kingdom has been fully resolved.
Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction.
Sheraton Kuwait Hotel has marked its 60th anniversary, celebrating six decades as a landmark in Kuwait’s hospitality sector. Opened in 1966, the hotel was the first Sheraton property outside the US, the first international hotel in Kuwait, and the first Marriott International-managed hotel in the Middle East and Africa.
Burgan Bank reported total revenues of KD138 million ($444.78 million) for the six-month period ended June 30, 2026 (H1’26), representing a 9% year-on-year increase, reflecting broad-based growth across its core revenue streams, supported by higher net interest income and stronger contributions from non-interest income activities.
Kuwait-based Combined Group Contracting has emerged as the lowest bidder for a KD160 million ($516 million) water treatment project in southern Kuwait. The scope of work for the winning bidder includes construction, operation and maintenance of the treated water facilities.
In a major move, Blackstone, the world’s largest alternative asset manager, is set to open its office in Kuwait during the third quarter of 2026, as it expands its presence in the region. The New York-based group plans to open additional offices across the GCC over the coming year.
China State Construction Engineering Corporation (CSCEC) said it has signed the contract to build the North Kabd Wastewater Treatment Plant in Kuwait, thus marking the latest infrastructure project under co-operation between the two countries through China's Belt and Road Initiative.
