Kuwait Airways shareholders approve capital restructuring to offset $983 million in losses.

KUWAIT CITY, Oct 14: As part of its ongoing commitment to diversifying its route network and introducing new destinations, Kuwait Airways has announced the launch of its winter travel campaign under the slogan, “Summer may be over, but travel never ends”. Set to begin on 26 October 2025, the campaign aligns with KAC’s annual strategy to provide a variety of seasonal travel options tailored to meet the evolving needs and aspirations of its diverse customer base.

Kuwait Airways Chairman, Captain Abdulmohsen Salem Al-Fagaan, stated that the launch of the campaign reflects the company’s commitment to offering the best and most sought-after destinations during the winter season. He emphasized that the company continues to expand its network of regional and international routes in line with travelers’ interests, seasonal trends, and evolving needs, particularly in response to the increasing demand for travel during the winter holidays. Al-Fagaan stated that through these seasonal campaigns, Kuwait Airways aims to strengthen its role as a key contributor to promoting tourism and travel to and from the State of Kuwait.

The company seeks to offer a diverse range of travel options that cater to all segments of society, whether for tourism, business, or family visits.

Al-Fagaan noted that Kuwait Airways recently announced the launch of several new destinations, selected following thorough studies to evaluate operational and economic feasibility, as well as assess expected passenger demand. He mentioned that among the most prominent of these destinations are Madrid, Spain, and Colombo, Sri Lanka, which align with the national carrier of the State of Kuwait’s strategic plans to offer its customers with new tourism and cultural options. Al-Fagaan pointed out that Kuwait Airways continues to launch new destinations in response to the evolving aspirations of travelers. He affirmed the company’s commitment to maintaining its leadership among regional carriers in terms of flexibility in destination choices, quality of service, and overall travel experience of customers. He emphasized the company’s aspirations for significant future achievements, while reaffirming its ongoing focus on developing the entire operational system to achieve the highest levels of service quality in the coming phase. He highlighted Kuwait Airways’ commitment to meeting the desires of its valued customers by introducing a variety of destinations around the world, providing customers with new and diverse options that cater to their requirements to travel to their destinations with their preferred carrier, Kuwait Airways.

It is worth noting that Kuwait Airways established in 1954, operates a modern and diverse fleet comprising the latest type of aircraft from the world’s leading manufacturers namely Airbus and Boeing.

The fleet is equipped with cutting-edge technology and advanced features that align with the best international aviation standards, including state-of-the-art inflight entertainment systems and designed seating specifications to suit the needs of the national carrier’s customers. Kuwait Airways takes pride in employing some of the region’s most skilled and experienced professionals across various technical specializations, reflecting the airline’s commitment to operational excellence.

In addition, Kuwait Airways strives to attain the highest levels of quality in customer service and to develop the company’s operational system in line with the latest developments in the commercial air transport sector.

KUWAIT CITY, Oct 14: Jazeera Airways, Kuwait’s leading low-cost carrier, today announced the return of its direct flights to Sochi, reintroducing seamless connectivity between Kuwait and one of Russia’s most enchanting year-round destinations.

Following a highly successful summer season, the airline will resume services to Sochi for the winter schedule, unlocking new opportunities for Gulf travelers seeking winter escapes, wellness retreats, and alpine adventures by the Black Sea. As the first and only Kuwaiti airline to operate direct flights to Sochi, Jazeera Airways continues to strengthen cultural and tourism ties between the Gulf and Russia. The resumed service offers travelers from Kuwait and the wider Middle East region direct access to Sochi’s renowned winter charm – from snow-covered peaks in Krasnaya Polyana and world-class ski resorts, to rejuvenating spas, thermal springs, and vibrant cultural experiences.

A Destination for All Seasons – Now a Winter Favorite Sochi, long celebrated for its summer coastline, has rapidly emerged as a premier winter resort since hosting the 2014 Winter Olympics.

Visitors can enjoy a host of winter sports like skiing and snowboarding in the Caucasus Mountains at Rosa Khutor, Gazprom and Gorky Gorod. They can also experience wellness and nature retreats with panoramic snowy vistas or just enjoy Russian cuisine while discovering the local markets and historic promenades along the Black Sea.

Commenting on the resumption, Barathan Pasupathi, CEO of Jazeera Airways, said: “Sochi has proven to be more than a seasonal success – it’s a destination that captivates year-round. We are excited to return this winter, offering our passengers access to Russia’s premier ski and wellness capital. By resuming flights, we continue to connect Kuwaiti and GCC travelers to new experiences, while also welcoming Russian visitors through Kuwait to our extended network of more than 60 destinations.” The Sochi route offers smooth onward connections through Jazeera Terminal 5 in Kuwait, enabling travelers from Russia to access cities such as Dubai, Riyadh, Jeddah, Istanbul, Delhi, and Mumbai.

Flight Schedule
Flights to Sochi will operate twice weekly for the winter season. To book your flights visit the Jazeera Airways website – www.jazeeraairways.com or mobile app, or contact their call center at 177.

KUWAIT CITY, Oct 14: In recognition of its leading role in enhancing liquidity and transparency, bolstering investor confidence and adopting the highest standards of governance and sustainability in the Kuwaiti capital market, Boursa Kuwait was crowned as the Middle East’s best stock exchange in 2025 at the inaugural Capital Markets Awards, organized by Euromoney in collaboration with the Arab Federation of Capital Markets (AFCM). The Capital Markets Awards extends the Awards for Excellence prestigious recognition to a new range of market participants, including securities exchanges and venues, brokerage houses and broker-dealers (both bank, independent and agency), and posttrade service providers.

Designed to recognize the best in breed across the key fields of market infrastructure and intermediary provision, its evaluation process is based on in-depth research that includes reviewing data submitted by participating institutions, conducting specialized interviews and performing secondary research, culminating in final decisions made by an internal Euromoney committee.

Being named the Middle East’s best exchange is a proud milestone for Boursa Kuwait and a global testament to the success of its strategy to develop the Kuwaiti capital market and reinforce its position as a leading regional hub capable of attracting investments from around the world. It also reflects the exchange’s firm commitment to enhancing market liquidity and transparency, strengthening investor confidence and trust and furthering the role of the capital market in supporting the long-term growth and diversification of the national economy

Exceptional performance despite challenges in 2024
Boursa Kuwait was awarded the title of “Best Stock Exchange in the Middle East” in recognition of its outstanding achievements during 2024, the period on which the evaluation was based. A successfully privatized and self-listed exchange, the company delivered a strong financial performance that reflected its operational efficiency and institutional resilience, despite regional geopolitical tensions and rising global economic uncertainty. The company continued to deliver outstanding performances across various key indicators, including exceptional net profits, growth in operating revenues, and an increase in operating profit, reinforcing its position as a pioneering institution with a clear vision and robust governance framework, one that places sustainable growth at the core of its strategy to build a more prosperous future for the market and all its participants. In addition, the Kuwaiti capital market distinguished itself as one of the top performers in the region, supported by robust trading activity and increasing market capitalization, with key indices posting impressive returns and securing Kuwait a leading position among Gulf Cooperation Council markets. Its robust operating model enabled it to strike a strategic balance between market liquidity depth and the diversification of investment opportunities, increasing the confidence of both institutional and retail investors in the strength of the Kuwaiti capital market.

Continuous development of market infrastructure Boursa
Kuwait continues to take a proactive approach to enhancing the Kuwaiti capital market. In collaboration with the Capital Markets Authority and other members of the capital market apparatus, the exchange launched the second part of Phase Three of its market development program (MD 3.2) in July. MD 3.2 was focused on enhancing operational and regulatory infrastructure and included the implementation of the Central Counterparty (CCP) clearing and settlement framework, the completion of cash settlements through local banks and the Central Bank of Kuwait’s “KASSIP” system, and the upgrade of brokerage firms’ operating model to that of “Qualified Broker”. In addition, the capital market apparatus is preparing to enable the listing and trading of fixed-income instruments, such as sukuk and bonds, and exchange-traded funds (ETFs) later this year, following the completion of all necessary technical preparations and infrastructure readiness. Boursa Kuwait also announced a series of market mechanism enhancements, including the extension of trading hours, the adjustment of the closing auction mechanism, and the reduction of the random closing period. These changes are designed to align the Kuwaiti capital market with international standards as well as boost market efficiency and liquidity

Leadership in governance and sustainability Boursa
Kuwait continues to embed the principles of good governance, sustainability and financial literacy at the core of its operations, fostering transparency and ensuring that investors have access to essential information. In 2021, the exchange issued its Environmental, Social and Governance (ESG) Reporting Guide. Additionally, its in-house sustainability report was awarded the Best Sustainability and ESG Report award by the Middle East Investor Relations Association (MEIRA) in 2023, recognizing the company’s leadership in governance and sustainability disclosures. The exchange continues to support community and environmental initiatives, promote financial awareness and enhance education, underpinned by its institutional sustainability and corporate social responsibility strategies, which are aligned with many United Nations Sustainable Development Goals (SDGs) and implemented through strategic partnerships with both local and international organizations to sponsor impactful programs and initiatives. Through these efforts, Boursa Kuwait has strengthened its position as a responsible corporate citizen, a model issuer in the Kuwaiti capital market and a vital contributor to the national vision that aims to transform Kuwait into a leading regional financial and investment hub.