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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.

Kuwait to Launch $2.9 Billion Airport Tender

The construction of a second terminal at the international terminal looks set to go ahead.

Kuwait Airways Strike Costs $1mn

The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.

GCC Oil And Gas Reserves Worth $65trn

The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.

KIA Gets China Stock Market Quota

Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.

17 GCC Billionaires Make Forbes List

The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.

New Commissioners At Kuwait’s CMA

Kuwait’s controversy-ridden stock market regulator, Capital Markets Authority (CMA), has appointed three new commissioners.

Gulf Funds Eyeing ONGC Stakes

Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.

Kuwait Issues Smoking Ban

Smoking cigarettes and shisha in most public places will now be punishable by law.

Kuwait’s Central Bank Governor Resigns

Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.

NBK Posts Flat 2011 Profits

The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.

Kuwait Partners With Total for China JV

The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.

Kuwait To Privatise Stock Exchange

The move will make the bourse the second publicly traded stock exchange in the region.