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Agility Trims 2014 Dividend Despite 10% Q4 Net Profit Gain

The firm said in a statement on Sunday its net profit in the last quarter of 2014 grew to $45.7 million.

Kuwait Opens Door For Foreign Operator To Own Part Of Stock Market

Such a move would open the way for an international exchange operator such as Nasdaq OMX or Euronext to take a stake in the stock market.

Kuwait Reassures Citizens On Strategic Food Stocks

Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.

Kuwait Raises Security At Oil Facilities Due To Yemen Strikes – KUNA

These measures include “securing all industrial safety and security requirements and raising the level of security measures of oil installations.

Kuwait Commerce Minister Resigns, Second Cabinet Member This Month

Local media said the resignation came as a member of parliament had demanded to question the minister for allegedly failing to protect the rights of small shareholders.

Kuwait’s KIPCO Says OSN Core Asset As Targets Double Profits By 2018

The company plans to achieve its 2018 profit target through earnings growth “across our core companies, particularly those in the financial services and media sectors”.

National Bank Of Kuwait To Meet Investors For Potential Tier 1 Bond

The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond.

Kuwaiti Opposition Protests Turn Violent

Police used batons to halt the progress of protestors marching towards the Kuwaiti parliament on Monday.

Oil Falls To $55 As Kuwait Comments Refocus On Oversupply

Kuwait’s oil minister said on Thursday that OPEC had no choice but to keep output steady.

OPEC Has No Choice But To Keep Output Unchanged- Kuwait Minister

Ali al-Omair said the OPEC has to keep output unchanged to sustain marketshare.

Kuwait Drops Court Case Over “Plot” Tape

Government investigators determined that the recordings were not authentic and had been edited.

Kuwait Detains Political Activist Over Tweets Against Saudi Arabia

Tariq al-Mutairi, head of the liberal Civil Democratic Movement was detained on his way home early on Wednesday.

Three Iraqis Dead In Explosion Near Kuwaiti Border

Police sources in Iraq said the victims were civilians who died in an explosion from a truck trailer.

Kuwait Renews $1bn Jet Fuel, Gasoil Supply Deals With BP

The contracts that cover 2015 will see Kuwaiti jet fuel flow through the BP system to Dubai and several European Airports, KPC said.

Kuwait Considering Imposing Corporate Tax -KUNA

As part of economic reforms, the government is working on changing the tax system to diversify sources of state income and increase its non-oil revenues, the state news agency said.

Kuwait’s Electricity Minister Resigns Following Last Month’s Power Cut

No details were given on the reasons for the resignation, but the government said the emir had expressed understanding for the causes behind his move.

Kuwait’s Tamdeen Group Launches $700m Mixed Use Project

The project will include a mall, two high-rise residential towers, one furnished apartment tower, a marina and a five star hotel.

Kuwait OPEC Governor: Expects OPEC To Continue Policy

OPEC decided at its last meeting in November to keep production unchanged, rather than cutting it to support sliding oil prices.

UAE To Try Kuwaiti Ex-MP For Insulting Leaders

Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.

Drop In Shale Output Caused Oil Price Rebound – Kuwait Oil Minister

He said projections showed prices might improve this year, but added that they might also stay between $50 and $60 a barrel.

“Jihadi John” Link Deepens Security Unease In Kuwait

Security officials acknowledge that youths from Gulf Arab states have trekked in their hundreds to fight for ISIL in Iraq and Syria.

Qatar, Saudi, Kuwait Among Top 10 Nations Globally For Luxury Spending

Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.

Kuwait’s Americana Q4 Net Profit Falls 28%

The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.

Kuwait Sovereign Fund Says Cutting U.S. Investments, Raising Europe

Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.

UAE And Kuwait To Reopen Embassies In Yemen’s South, Backing Hadi

Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.

Ooredoo Kuwait Blames FX Losses, Higher Costs As Q4 Profit Wiped Out

The company’s 2014 annual profit was KD45.7 million, down from KD76.1 million in 2013.

Kuwait’s Burgan Bank Q4 Net Profit Jumps

The lender reported a 424 per cent rise in fourth-quarter net profit.

Cheap Oil Cuts Kuwait Nine-Month Budget Surplus 26% – NBK

If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.

Kuwait’s KIPCO Q4 Net Profit Gains 2%, Raises Cash Dividend

Net profit in the three months to Dec. 31 was KD14.3 million.

Kuwait’s Agility Plans Up To $100m Africa Spend In 2015

Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.