The $867 million revolving facility is due to mature in March.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
An international donor conference in Kuwait is intended to help the UN reach a $6.5 billion aid target.
The government said last November that it would form a special committee to review its sometimes wasteful spending.
Having lagged behind its regional peers due to political and socio-economic issues is Kuwait ready to awaken from its slumber?
Kuwait’s oil minister Ali al-Omair said the OPEC member targets 3.5 million barrels per day capacity by 2015.
Sultan, who was previously the chairman and managing director, will take up the position of deputy chairman.
The Dubai index is developing a negative 14-week momentum divergence.
The telecom operator plans to focus on ICT and enterprise solutions in the future, says CEO Scott Gegenheimer.
Anas al-Saleh, a former minister for commerce and industry, was selected to head the Finance Ministry, replacing Sheikh Salem Abdulaziz al-Sabah.
Spending soared over 50 per cent, partly thanks to increased outlays on public sector wages.
The move could pave the way for a cabinet reshuffle.
Dabdoub helped transform NBK from a local bank into a major regional lender with offices in 16 countries.
The convicted man’s lawyer said the ruling against Kuwaiti Mohammad al-Mikhyal was “harsh” and did not take into account his mental health problems.
Foreign companies in Kuwait pay a 15 per cent tax.
The Az-Zour North Power and Desalination project is Kuwait’s first public-private partnership.
Sheikh Thamer al-Sabah, president of Kuwait’s National Security Bureau, said his relationships with his counterparts in Iraq and Iran needed improvement.
The sharia-compliant investor defaulted on a $100 million Islamic bond payment in 2009.
Protesters, including nine former lawmakers, stormed parliament in 2011 demanding it should be sacked.
The Kuwaiti carrier has placed an order for 10 A350-900 and 15 A320neo family aircraft.
When completed formally next month, the sale will be one of the largest UK property deals ever.
The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.
Kuwait Airways is planning to buy 25 new aircraft and lease 12 other new planes.
The airline did not disclose the value of the agreement or give details about the type of aircraft.
Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.
Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.
In Kuwait the authorities have resumed the monitoring of sermons.
Sami al-Nisf was suspended after plans to buy used aircraft despite a government request to stop the deal.