Kuwaiti ministers have warned that state expenditures will exceed oil revenues within a few years if spending keeps rising at the current rate.
London Mayor Boris Johnson hopes to attract greater Kuwaiti investments to the UK.
Kuwait is currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.
Kuwaiti women are free to drive in their country and enjoy far more rights than those in Saudi Arabia.
Housing is the most pressing issue for Kuwaitis who say they have to wait up to 20 years for a government-subsidised home.
Kuwaiti men can apply for government housing after marriage, receiving loans that are paid off slowly.
The International Monetary Fund has repeatedly warned against rising government spending in OPEC member Kuwait.
A Kuwaiti investment firm has already expressed interest in trading options.
French utility EDF is spending $26 billion to build two nuclear reactors at Hinkley Point in the UK
Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.
Egypt’s central bank received the $2 billion deposit from Kuwait on Sept. 26.
The International Monetary Fund urged the Gulf state to diversify its heavily oil-reliant economy, boost foreign investment and create jobs.
KOC plans to develop the Raqta project on Kuwait’s northern border with Iraq have faced several setbacks.
The company has been awarded a turnkey contract by Kuwait National Petroleum (KNPC) to supply two high-voltage substations.
Kuwait’s state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.
Kuwait Airways signed an initial agreement with Airbus in May to buy 15 A320neo narrow-body jets and 10 of Airbus’s new A350-900 XWB.
Police are seeking the owner of the lion, believed to be someone who was illegally rearing it as a pet.
The visit comes as the United States weighs military strikes in Syria.
Well-established property sports chic new look, larger Presidential Suite and enhanced F&B options.
A study finds that Gulf students want better trained teachers and up-to-date teaching methods.
The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.
The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.
A security source said the nine were “prominent participants suspected of incitement and chanting hostile slogans”.
The prince said Tareq al-Suwaidan, who has more than 1.9 million Twitter followers, had identified himself as “one of the leaders of the Muslim Brotherhood”.
Net profit in the three months to June 30 was 9.5 million dinars compared with 8.6 million dinars in the same period last year.
The Kuwaiti form bought Little Chef from private equity firm RCapital.
The July 27 parliamentary election brought in an assembly seen as more amenable to the government.
The airline recorded passenger growth of 4.1 per cent, along with a load factor of 70 per cent in H1 2013.
Dozens of Kuwaitis have been charged with insulting Emir Sheikh Sabah al-Ahmad al-Sabah, especially online.