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Kuwait’s Burgan Bank Q1 Net Profit Rises 2%, Misses Estimates

Burgan made a net profit of KD17.54 million ($58.2 million) in the first quarter of 2015.

Kuwait’s KIPCO Q1 Net Profit Rises By 17%

Net profit in the three months to March 31 was KD12 million.

Global Investment House Says Files To Relist In Kuwait

The timing for the listing would be dependent on approval from Kuwait’s Capital Markets Authority.

Kuwait Seeking Around $10bn Loan For Clean Fuels Project

The project will upgrade and expand two of the Gulf Arab state’s largest existing refineries.

Kuwait Stock Regulator Plans Changes To Align Market With Global Norms

Kuwait’s regulator is looking to improve the investment environment in the country.

Tech Firm IBM Expands ME Presence, Opens Kuwait Office

The new office will act as a sales and customer service hub for IBM’s offerings in the region.

Kuwait To Freeze Expat Numbers

New expats will only be allowed to enter the country to replace those leaving, according to reports.

Ooredoo Kuwait Q1 Net Profit Plunges 89%

The firm, a subsidiary of Qatar’s Ooredoo, made a net profit of KD2.2 million in Q1 2015.

Kuwait Deports Political Activist To Saudi Arabia

Saad al-Ajmi, spokesman for the Popular Action Movement (PAM) was reportedly deported.

Cheap Oil Slows Saudi, UAE Projects But Qatar, Kuwait Rise -ADCB

The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.

Chevron Saudi Unit Plans To Shut Joint Kuwait Oilfield In May

Chevron’s decision was mainly down to problems getting work permits from the Kuwaiti authorities for its expatriate staff, sources told Reuters

Kuwait’s Gulf Bank Q1 Net Profit Rises 12%, Misses Estimates

The bank said in a bourse filing that net profit for the three months to the end of March was $32.4 million.

Kuwait’s KUFPEC Looking For Acquisitions Globally -CEO

The company is looking in all regions and did not specify a minimum price level below which the acquisitions would become uneconomic.

Kuwait Studying Proposals To Introduce Same Tax For Local, Foreign Firms

Kuwaiti companies generally do not pay taxes on income, although foreign firms pay a levy on commercial activities.

Kuwait Says Finds Four New Promising Oilfields -KUNA

The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.

Kuwait Finance House Q1 Net Profit Up 14.6%

Net profit rose to $99 million in the three months.

Kuwait’s Oil Facilities Remain On Alert Due To Yemen

Kuwait Petroleum Corp said at the start of military operations in Yemen led by Saudi Arabia that it had raised security around its oil facilities.

Kuwait Says Controls Limited Fire At Mina Abdulla Refinery

The unit’s operational rates were still high and oil product exports will not be affected, an official said.

Kout Food Joins Delisting Queue In Sagging Kuwait Stock Market

The company’s board said it would ask shareholders to vote on the matter, just a day after Bahrain’s Gulf Finance House said it was considering leaving the Kuwaiti bourse.

National Bank of Kuwait Q1 Net Profit Up 15%, Beats Estimates

Net profit was $319.5 million in the first quarter of 2015, a statement said.

Iran Aims To Export Natural Gas To Kuwait, Official Says

Iran gas exports to Kuwait could be operational if a contract is signed, a senior official said.

Biggest Gulf Hedge Fund Launch For 5 Years Eyes Ethical Bets

Kothari Investment Partners is looking to appeal to a broader investment base, including ethical investors in Europe.

Kuwait Reintroduces Compulsory Military Service For Citizens

The new law mandates all men to undergo compulsory military training once they reach the age of 18 and to remain in reserve forces till the age of 45.

Kuwait Fund To Lend Egypt $1.5bn Over Next Five Years

Kuwait, Saudi Arabia and the United Arab Emirates have provided billions of dollars of aid to Egypt in the past two years.

Kuwait’s Aayan Seeks Rescheduling Of $586.7m Debt

As part of the restructuring plan, Aayan plans to liquidate some of its portfolio of listed Kuwaiti companies.

Kuwait’s Kufpec Says It Has Raised Additional $1.5bn Loan

The new funding will be used to finance the company’s current and future projects and international expansion plans.

Viva Kuwait Q4 Profit Up 17% As Revenue Rises Faster Than Costs

Full year revenue rose 31 per cent to KD238.97 million in 2014, while operating costs increased eight per cent to KD126.26 million.

National Bank Of Kuwait Sets IPTs For Benchmark Dollar Tier 1 Bond

The bond will be issued through a special purpose vehicle, NBK Tier I Financing Ltd, and be guaranteed by NBK.

UN Says Donors Pledge $3.8bn To Syria Crisis

The United Nations has appealed for $8.4 billion for Syria this year to help deal with the ballooning humanitarian crisis.

Kuwait Oil Tanker Shipments Unaffected By Yemen Operations

An official said that tankers were operating in a safe and usual manner through the Bab el-Mandeb strait.