Home next GCC next Kuwait

Kuwait

Small Gas Leak Near Kuwait’s Burgan Field Controlled

Kuwait Oil Company said no one was injured by the gas leak.

GCC Tourists Spend Dhs2,440 Per Head In The UK

Visitors from Qatar and Kuwait were found to be the biggest spenders.

Kuwait Telco Zain’s Deputy CEO Resigns

Hisham Akbar, who was also Zain’s chief operating officer, quit as of March 3.

Court Rules Kuwait Venture To Pay $2.48bn To Dow Chemical

Kuwait’s Petrochemical Industries Co (PIC) pulled out of a $17.4 billion joint venture deal in late 2008.

Zain To Offload Stake In Iraqi Unit Through IPO

The company expects to finalise details of the initial public offering by the end of June.

Kuwait Aims To Decide Winner Of Airport Tender In Q1

The airport, expected to cost around $3.2 billion, is planned to open in 2020

After Big Delays, Kuwait Moves Ahead On Infrastructure

The Gulf state is pushing ahead with a $2.6 billion plan to build a 36 km causeway connecting Shuwaikh port with the north of the country.

Kuwait Finance House Q4 Net Rises 24% But Misses Estimates

KFH, Kuwait’s biggest Islamic lender, started a restructuring programme last year.

Kuwait Watchdog Urges Better Islamic Finance Oversight

The number of Islamic financial firms which obey religious principles has increased substantially in Kuwait.

Kuwait Pledges $300m In Syria Aid At Donor Meeting

The UN is seeking up to $1 billion in aid for Syrian refugees outside the country and $500 million for humanitarian work inside the war-torn country.

Kuwait Awards $487m Port Contract To Turkey’s STFA

STFA will double the capacity at the port and build a small new one at the Ahmadi refinery.

Kuwait MPs Target Financial Help For Citizens

The proposal would be the first time Kuwait has given out financial aid.

Kuwaiti Consortium Signs Contract For Oil Exploration In Iraq

Under the contract, the Kuwait Energy- led consortium will begin exploration in Basra’s block 9.

Davos: Kuwait Wealth Fund Warns Of Currency War

Speaking at the World Economic Forum, Badr al-Saad fears the decline of the yen.

Kuwaiti Parliament Backs Airline Privatisation Law

Parliament first backed privatising loss-making Kuwait Airways Corp (KAC) in 2008.

Kuwait To Partially Shut Mina Abdullah Refinery In Q2

The refinery, which produces 270,000 barrels per day, will be closed for maintenance from April to May.

Saudi Urges 50% Rise In Capital For Arab Lender

Kuwait-based Arab Fund for Economic and Social Development has a capital base of around KWD2 billion.

Kuwait’s Jazeera Airways Raises Capital By 74%

The airline increased its capital through a share issue which was 2.25 times oversubscribed.

Oil Revenue Puts Kuwait’s Budget Surplus At $52bn

Total revenue for April-November was 21.6 billion dinars while spending reached a mere 6.9 billion dinars.

Kuwait Investment Authority Had $261bn Assets In 2012

Kuwait’s Future Generations Fund is a nest egg for when the economy suffers shocks.

Kuwait’s Parliament Approves Royal Decree

The country’s government said the changes bring Kuwait into line with democratic norms elsewhere.

Banking Special: Kuwait Faces Long And Winding Recovery

Kuwait’s gridlocked political situation is stymying its banking sector.

Kuwait Inflation To Keep Falling In 2013

The Gulf state’s inflation rate will slow to 4.1 per cent next year, says central bank chief.

Stocks News- Kuwait Drops The Most In 3 Weeks

The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.

Kuwait Emir Opens New Parliament

Sheikh Sabah al-Ahmad al-Sabah warned against ‘lawless behaviour and chaos on the streets.’

Kuwait’s Zain Pays Saudi Unit’s $231m Motorola Debt

The telecoms operator covered the costs Zain Saudi owed the U.S. firm.

Kuwait’s Ruler Reappoints Prime Minister

Sheikh Jaber al-Mubarak al-Sabah has been asked to form a new government by December 16.

Kuwait’s Government Resigns For New Cabinet

Emir Sheikh Sabah al-Ahmad al-Sabah said the new parliament would convene on December 16.

Kuwait Telco Zain Appoints Ex-Wataniya Chief As CEO

Scott Gegenheimer resigned from telecom operator Wataniya six months ago.

Kuwait Elects New Parliament In Low Turnout

Only 39 per cent of eligible voters cast ballots as several newcomers join parliament.