The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.
The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.
Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.
Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.
At least seven governments have stepped down in recent years because of political deadlock.
Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.
The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
Kuwait’s ruler has suspended the parliament for one month amidst rising political tension in the country.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Political uncertainty has resulted in economic uncertainty for the country as markets drop.
Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.
Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.
The investment house is expected to get a five-month added window to repay bonds of $338.6 million.
Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.
The Kuwaiti logistics firm made a net profit of $25.4 million during the first quarter of this year.
The IMF questions Kuwait’s fiscal stimulus and warns of the sustainability of public finances.
The Kuwaiti telecoms operator made a net profit of $255 million during the first quarter of this year.
Kuwait’s government has proposed wage increases of up to KD330 per month for private sector workers.
The country’s current account surplus increased mainly because of a rise in exports.
The country is planning to pass laws this year to control the use of social networking sites.
National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
A Kuwaiti court ruled that the man’s comments on Twitter caused sectarian divisions in the country.
A Kuwait man accused of insulting the Prophet Mohammad on Twitter has said that his account was hacked.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.
The Kuwait telco also said it would back a subscription by its Saudi affiliate.
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