Despite the many benefits that accrue to all Kuwaitis, thousands are dissatisfied.
Residents who have not paid their dues to the state may be banned from travelling abroad.
Kuwait’s corporate sector experienced a recovery in 2012.
The potential increase will boost KFH’s capital to $1.24 billion.
The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.
They will be detained for 10 days for questioning, an official has said.
The firm’s shares have not traded since last December when it accumulated huge losses.
Kuwaiti logistics firm sees its net profit reach $34.54 million for the quarter even as it faces charges of fraud.
High crude oil prices helped to boost revenue in the country, according to official data.
Global Investment House looks at legal options as it undergoes its second debt restructuring in three years.
Third quarter results for the Kuwaiti operator sees profits down as its CEO announces his desire to stand aside early next year.
Opposition groups call for a protest march on Sunday as they reject government’s changes to the voting system.
No one was injured in the gas leak accident, said state news agency KUNA.
Marriage rate is falling while divorces are on the rise – what’s happening to the sanctity of marriage in the conservative Gulf state?
The Kuwaiti telecoms operator is looking for funding to help boost network capabilities and improve its current services.
The decision by Sheikh Sabah al-Ahmad al-Sabah offers hope of new parliamentary elections.
The Qatari telecoms operator is to own almost all of Kuwait’s Wataniya network as Kuwait Investment Authority sell up.
The move is expected to boost Kuwait’s banking sector.
Mohammad al-Hashel has said the Gulf Arab state should take necessary action to reduce spending.
The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.
The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.
CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.
Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.
The government plans to allocate around 25 per cent of state revenues into the fund.
The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
The Kuwait-based operator has revealed two new appointments to its top level board.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
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