Gulf Cooperation Council countries

Speculators in the private housing sector fuel the rise in housing prices in Kuwait

Kuwait – Real estate experts say that speculators crowding out citizens in private housing is driven by the demand for the double returns achieved from licenses for the cost of electricity and water prices and renting their properties in the unit system, considering that this behavior has ignited prices to record rates, which calls for …

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The Kuwaiti Ministry calls for an increase in the budget to support foodstuffs and building materials

KUWAIT – An official source at the Ministry of Commerce and Industry said that the ministry will address the Ministry of Finance to increase the annual budget allocations to support foodstuffs and building materials, reports Al-Anba daily. He explained that the matter comes in line with the steady global rise in the prices of food …

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