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Kuwait Replaces Head Of Market Regulator After Political Backlash

Nayef Al-Hajraf replaces Saleh Al-Falah, who had held the post since the Capital Market Authority began operating in early 2011.

Kuwait To Boost Oil Exports To China To 500,000 bpd In 3 Years

Last week, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies.

Kuwait Detains Muslim Cleric Suspected Of Funding Militants

Hajjaj al-Ajmi was detained at the airport on his arrival from Qatar.

National Bank Of Kuwait Appoints Nasser Al-Sayer Chairman

He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month.

Saudi’s Savola Says Had Initial Talks With Americana Shareholder

Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.

Kuwait Detains Muslim Cleric US Suspects Of Militant Financing

Shafi al-Ajmi was detained on the border with Saudi Arabia on Sunday while returning from a pilgrimage.

Kuwait Nearly Doubles Supplies In 10-Year Oil Deal With China’s Sinopec

The exports, which will amount to 15 per cent of Kuwait’s oil export output, are estimated to be worth $120 billion.

Kuwait’s Americana Says No Knowledge Of Savola Acquisition Talks

It said a recent meeting between the two companies was intended only to discuss the possibility of joint cooperation in certain fields and markets.

Workers Injured In Kuwait Refinery Fire, Output Unaffected

The fire reportedly broke out in a waste treatment facility and was quickly brought under control.

Saudi Arabia, Kuwait To Abide By UN Blacklisting Of Citizens

The Islamic State has long been blacklisted by the Security Council, while al Qaeda’s Syrian wing Nusra Front was added earlier this year.

Saudi’s Savola Says Started Initial Talks On Acquiring Kuwait’s Americana

Savola said in a bourse filing that talks have not yet reached a stage that would require disclosure.

Kuwait Finance House Says Waits For Regulatory Approval On New CEO Hire

KFH, whose former chief executive Mohammed al-Omar retired in May, did not say when it expected the regulator to respond.

Kuwait Revokes Citizenship Of 10 More People

The cabinet said in a statement that it had reviewed data related to the naturalisation of the 10 and found they were ineligible for Kuwaiti citizenship.

Kuwait’s Americana Q2 Net Profit Rises 8.7%

Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.

Kuwait’s KIPCO Rejects $3.2bn Offer For Pay-TV Unit OSN

The offer from a US firm comprised $2.4 billion in cash and a further $800 million subject to certain conditions.

Kuwait’s Agility Q2 Net Profit Rises 12.2%

Agility made a net profit of KD12.9 million ($45.54 million) in the three months to June 30.

Kuwait’s Investment Dar Loses Protection Against Creditor Legal Claims

The court ruled that the firm had to repay all three groups of creditors the total amount of $1.56 billion under its restructuring plan.

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

Gulf Telcos Ooredoo, Wataniya Post Q2 Profit Drops, Nawras Soars

Qatar Ooredoo was impacted by the political situation in Iraq and start-up costs for its business in Myanmar.

Kuwait’s KIPCO On Track To Hit Revenue Goal

Net profit in the second quarter to June 30 rose 20 per cent to KD11.4 million ($40.4 million), the company said in a statement.

Kuwait Revokes Citizenship Of Two Opposition Figures, relatives

The cabinet will impose the measures on Ahmed al-Jabr and Abdullah Barghash, his two brothers and his sister.

Kuwaiti Bank KFH Q2 Net Profit Rises 6.4%, Misses Estimates

Net profit rose to KD28.51 million ($101 million) in the three months to June 30 from KD26.8 million in the same period a year ago.

Kuwait’s Zain Posts Slight Decline In Q2 Net Profit, Meets Expectations

The former monopoly made a net profit of KD59 million ($209 million) in the three months to June 30.

Kuwait’s NBK Q2 Profit Rises 29%, Misses Estimates

Net profit climbed to KD60.9 million ($215.8 million) in the three months to June 30 from KD47.2 million a year earlier.

Emirates Flies A380s To Kuwait

At just one hour 45 minutes, the new flight will be Emirates shortest A380 route globally.

Kuwait Threatens To Revoke Citizenship In Crackdown On Opposition

The warning is part of an “iron fist” policy adopted by the cabinet, following protests earlier this month over the arrest of a prominent opposition politician.

Kuwait’s Gulf Bank Q2 Net Profit Rises 9%

Net profit for the three months to the end of June was KD6.87 million.

Kuwait’s Zain Says $4.5bn Lawsuit Against Iraqi Unit Dismissed

In April, Zain revealed its Iraqi unit was being sued over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.

Kuwait’s CBK Gets Approval To Raise Up To KD120m Via Bonds

Commercial Bank of Kuwait is in the process of being converted into a full-fledged Islamic bank.

Kuwait Court Frees Prominent Opposition Figure On Bail – Lawyer

The court ordered Musallam al-Barrak to be freed on payment of a KD5,000 bail and delayed his case until September.