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NIG Requests $475m Sukuk Extension

The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.

Kuwait’s NBK Posts 42% Q2 Profit Drop

The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.

Zain Saudi’s Rights Issue Struggling

Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.

Kuwait’s ALAFCO In $1.9bn Deal

Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.

Kuwait’s Exiting PM To Select Cabinet

Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.

Kuwaiti To Buy Notts Forest

Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.

Kuwait Government Resigns – Sources

At least seven governments have stepped down in recent years because of political deadlock.

Kuwait Reinstates Former Parliament

Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.

Kuwaiti Royal Sues UBS For $21.4m

The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

Kuwait Suspends Parliament

Kuwait’s ruler has suspended the parliament for one month amidst rising political tension in the country.

Kuwait To Invest $150m In Asian IPO

Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.

Kuwait’s Index At Four Month Low

Political uncertainty has resulted in economic uncertainty for the country as markets drop.

Kuwait’s Social Minister Quits

Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.

Gulf States’ SWFs To Fund IHH

Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.

Kuwait’s Global In Bond Delay

The investment house is expected to get a five-month added window to repay bonds of $338.6 million.

Kuwait’s Global Posts Q1 Loss

Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.

Agility Q1 Profit Falls 8.1%

The Kuwaiti logistics firm made a net profit of $25.4 million during the first quarter of this year.

Kuwait’s Finances Concern IMF

The IMF questions Kuwait’s fiscal stimulus and warns of the sustainability of public finances.

Zain Reports 2% Increase In Q1 Net Profit

The Kuwaiti telecoms operator made a net profit of $255 million during the first quarter of this year.

Kuwait Backs Private Sector Wage Rises

Kuwait’s government has proposed wage increases of up to KD330 per month for private sector workers.

Kuwait’s Surplus Jumps 78%

The country’s current account surplus increased mainly because of a rise in exports.

Kuwait To Regulate Social Media

The country is planning to pass laws this year to control the use of social networking sites.

NBK Posts $292m Q1 Net Profit

National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.

Kuwait To Launch $65.6m Trading System

The new system will help in the trading of financial instruments such as derivatives and Sukuks.

Kuwaiti Tweeter Gets Seven Year Jail Term

A Kuwaiti court ruled that the man’s comments on Twitter caused sectarian divisions in the country.

Kuwaiti Tweeter Denies Blasphemy

A Kuwait man accused of insulting the Prophet Mohammad on Twitter has said that his account was hacked.

DFM Suspends Trading In Al Mazaya

Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.

Kuwait’s Bourse Suspends Trade In 19 Firms

The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.

Zain Confirms Dividend Issue

The Kuwait telco also said it would back a subscription by its Saudi affiliate.