KUWAIT CITY, October 26: The Ministry of Trade and Industry’s latest monthly report reveals encouraging growth in Kuwait’s non-oil export sector, Al-Seyassah daily reports. In September 2024, Kuwaiti non-oil exports reached KWD 24.44 million, a notable increase from KWD 19.14 million in August. This upward trend in exports reflects a strong performance in international trade, with 2,173 certificates of origin issued in September, an increase of 3 percent from 2,105 certificates the previous month. The report also highlights increased activity in various departments of the ministry.

The Trademark Department processed 5,143 transactions in September, an increase of 8 percent from the 4,748 transactions recorded in August. These transactions encompassed a wide range of activities, including filings, renewals, visa applications, objections, publications, agent registrations, grievances and extracts. Separately, the Department for Combating Money Laundering and Counter-Terrorism Financing reported a significant increase in transactions, totaling around 428 in September, compared to 306 the previous month. On the other hand, the Real Estate Department noted a slight increase in transactions, with 114 reported in September, compared to 100 in August. However, the issuance of licenses by the Department of Personal Enterprises saw a decline, with 1,352 licenses issued in September, a drop of 16 percent from the previous month.

Meanwhile, the Department of Business Licensing issued 1,064 licenses to individuals and legal entities during this period. In terms of regulatory oversight, the Department of Trade Control reported 36 violations last month, reflecting ongoing efforts to ensure compliance within the market. Overall, these figures indicate a dynamic business landscape in Kuwait, with various sectors demonstrating resilience and growth amid a changing economic backdrop.