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.
The construction of a second terminal at the international terminal looks set to go ahead.
The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
Kuwait’s controversy-ridden stock market regulator, Capital Markets Authority (CMA), has appointed three new commissioners.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
Smoking cigarettes and shisha in most public places will now be punishable by law.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.
The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.
The move will make the bourse the second publicly traded stock exchange in the region.
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