Kuwait Petroleum Corporation will provide Egypt with 85,000 barrels of crude oil per day.
In July 2013 Kuwait pledged $4 billion to Egypt, including $1 billion in oil products.
Kuwait’s oil production is expected to reach 3.5 million barrels per day by 2015, a senior official said.
Sources had said that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.
The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse.
The six parliamentary elections since 2006 and more than ten different governments
Around 85 per cent of shareholders had approved the lender’s new move, the bank’s chairman said.
Zain will use the money to meet its “operational and expansion financing needs”, it said in a statement.
Kuwait is the only Gulf Arab country without a telecom regulator.
Nayef al-Ajmi was quoted as saying that comments made by the U.S. official in March, were “baseless and groundless”.
The increase, which may happen this year, could be “pure capital” or perpetual bonds or both, its chief executive said.
Officials say London is being viewed as a primary listing for the firm.
Kuwait’s declining oil export receipts were due to modest global demand and lower oil prices in 2013, a new report says.
Reports claimed that a Saudi religious body issued a fatwa banning the popular cartoon series.
Net profit in 2013 was 46.2 million dinars ($164.1 million) compared to 33.7 million dinars a year earlier.
The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.
Bueno replaces Michel Accad who resigned in October last year.
Pakistan’s central bank stated the prospective buyer had not met its standards for suitability.
The upgrading of Qatar and the UAE to emerging market status by the MSCI may benefit Kuwait’s stock market.
The arrests are the first reported cases of Egypt’s Gulf allies detaining members of the Islamist group on its behalf.
Kuwait also expects its ratio of non-performing loans to decline in 2014.
Kuwait’s central bank governor said the dispute had not marred relations between his counterparts from the six-member Gulf Cooperation Council (GCC).
The International Monetary Fund warned Kuwait in December to restrain the rising public sector wage bill and subsidies.
NBK’s Islamic banking business has helped to boost profits, the executive said.
Saudi Arabia, Bahrain and the UAE said on Wednesday they were withdrawing their ambassadors from Qatar.
The telco said the money will be used for general corporate purposes.
The Court of First Instance fined Ahmed Yousef Behbehani after a complaint by the Capital Markets Authority (CMA).
KUNA gave no details on the surgery, but said Sheikh Sabah would remain in hospital for “the normal period of recuperation”.
The substations will aid the expansion of oil fields in Kuwait’s northern region and will support the Gulf state’s plans to boost production.
The lender made a net profit of $8.9 million in the fourth quarter of 2013.