Profitability at Kuwait banks has improved and the economy is on the up, but the need for more government capital expenditure and diversification away from oil remain concerns.
The order includes 10 A350-900 and 15 medium-haul A320neo airliners.
Isam al-Sager was appointed as the new group CEO of National Bank of Kuwait (NBK) earlier this week.
Wataniya made a net profit of 18.4 million dinars ($65.3 million) in the three months to December 31, 2013.
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million).
Al Sager, deputy group CEO at National Bank of Kuwait, replaces Ibrahim Dabdoub who is retiring after three decades.
Three of the country’s oil refineries shut down late last month because of power failures.
Gross takaful contributions in Kuwait grew an estimated 4.3 per cent in 2012 after 4.5 per cent in 2011.
Spending at the current rate could outpace Kuwait’s revenues as early as 2017-18, the International Monetary Fund has warned.
Kuwait’s central bank governor has called for an independent legal entity to oversee Islamic financial institutions.
The Clean Fuels Project is a specification upgrade and expansion of Kuwait’s largest refineries.
Estimations suggest some 1,200 Saudis have joined Islamist militants involved in Syria’s civil war.
The IMF has warned that Kuwait’s expenditure could exceed oil revenues as early as 2017.
Kuwait’s parliament voted on Wednesday to investigate all contracts signed by state-owned Kuwait Airways.
Lawmakers want to investigate all deals agreed by Kuwait Airways, which is attempting the biggest overhaul of its fleet since 1990.
The announcement was made by Italian Prime Minister Enrico Letta, who is officially visiting the GCC.
Net profit rose to 26.4 million Kuwaiti dinars in the three months to the end of December compared to 11.8 million dinars a year earlier.
Full-year net profit was 32.16 million dinars compared with 30.89 million dinars in the same period a year ago.
Zain said foreign exchange revaluations wiped $149 million from its full-year profit.
The KIA is estimated to have around $386 billion under management.
Three refineries, close together on the Gulf coast south of Manama, were shut by a power outage on Wednesday.
The Mina Abdullah and Mina Ahmadi refineries have restarted but are not expected to return to full production until Friday.
The company has hired a group of international banks to help arrange the sale.
BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012.
The $867 million revolving facility is due to mature in March.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
An international donor conference in Kuwait is intended to help the UN reach a $6.5 billion aid target.
The government said last November that it would form a special committee to review its sometimes wasteful spending.