Kuwait and Iraq support sticking to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, as the U.S. called again for extra supply to cool rising prices.Kuwait's oil minister Mohammad Abdulatif Al-Fares said on Monday that the OPEC member supports the plan to raise output, which would ensure adequate crude supply to.
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Dubai real estate lagging behind the global boom says Knight Frank
Fast emerging from the pandemic slump, the construction industry will deliver an estimated 62,000 homes in the emirate this year and nearly 63,500 in 2022
Updated 11 min 54 sec ago
Arab News
June 01, 2021 13:52
RIYADH: A supply glut that’s held down Dubai’s property prices for over half a decade will likely keep it on the sidelines of a global upswing in values of prime residential real estate, Bloomberg reported, citing Knight Frank research.
Fast emerging from the pandemic slump, the construction industry will deliver an estimated 62,000 homes in the emirate this year and nearly 63,500 in 2022, which would be the most since 2009, according to consultancy firm Knight Frank.
December 14, 2020
The new Cabinet led by Prime Minister Sheikh Sabah Al-Khalid Al-Sabah was approved by Kuwaiti Emir Sheikh Nawaf Al-Ahmad Al-Sabah. Kuwait News Agency
KUWAIT Kuwait’s Prime Minister Sheikh Sabah Al-Khalid Al-Sabah unveiled on Monday a new Cabinet after taking the oath of office earlier in the day.
The new Cabinet, which will be inaugurated on Tuesday, was approved by Kuwaiti Emir Sheikh Nawaf Al-Ahmad Al-Sabah, the Kuwait News Agency reported.
Sheikh Sabah along with his Cabinet had stepped down in a procedural move following parliamentary elections.
Kuwaiti PM has picked new finance and oil ministers as the government seeks tide over the crisis caused by the coronavirus pandemic and unprecedented plunge in oil prices.