KUWAIT CITY, October 26: The latest monthly report from the Ministry of Trade and Industry 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, which is a remarkable increase from KWD 19.14 million in August. This upward trend in exports reflects a robust development in international trade, with 2,173 certificates of origin issued in September – an increase of 3 percent compared to 2,105 certificates the previous month. The report also highlights increased activity within various departments within the ministry.

The trademark department processed 5,143 transactions in September, which represents an increase of 8 percent from the 4,748 transactions recorded in August. These transactions covered a wide range of activities, including deposits, renewals, visa applications, objections, publications, agent registrations, complaints and extracts. In addition, the Anti-Money Laundering and Counter-Terrorism Financing Division reported a significant increase in transactions, totaling around 428 in September, up from 306 the previous month. However, the real estate division saw 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 Companies experienced a decline, with 1,352 licenses issued in September – a 16 percent decrease from the previous month.

Meanwhile, the Commercial Licensing Department issued 1,064 licenses to both natural and legal persons during this period. In terms of regulatory oversight, the Department of Commercial Control reported 36 violations last month, reflecting ongoing efforts to ensure compliance in the market. Taken together, these figures indicate a dynamic commercial landscape in Kuwait, with various sectors demonstrating resilience and growth in changing economic conditions.