Home GCC Kuwait


Pampered Young Kuwaitis Are Restless For More

Despite the many benefits that accrue to all Kuwaitis, thousands are dissatisfied.

Kuwait Could Ban 100,000 People From Travel

Residents who have not paid their dues to the state may be banned from travelling abroad.

Revealed: Top 10 Companies In Kuwait

Kuwait’s corporate sector experienced a recovery in 2012.

Kuwait Finance House Eyes 20% Capital Hike

The potential increase will boost KFH’s capital to $1.24 billion.

Kuwait’s Boubyan Sees Islamic Banking Boom

The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.

Four Kuwaitis Detained Over Twitter Comments

They will be detained for 10 days for questioning, an official has said.

Kuwait’s Global To Delist Shares From Bourse

The firm’s shares have not traded since last December when it accumulated huge losses.

Agility Reports 20% Rise In Q3 Profit

Kuwaiti logistics firm sees its net profit reach $34.54 million for the quarter even as it faces charges of fraud.

Kuwait Nominal GDP Grew 29% In 2011, Fastest Since 2005

High crude oil prices helped to boost revenue in the country, according to official data.

Kuwait’s Global Sees Creditors Reject $1.7bn Restructuring Plan

Global Investment House looks at legal options as it undergoes its second debt restructuring in three years.

Zain CEO To Step Down As Profits Drop

Third quarter results for the Kuwaiti operator sees profits down as its CEO announces his desire to stand aside early next year.

Kuwait Opposition To Boycott Vote

Opposition groups call for a protest march on Sunday as they reject government’s changes to the voting system.

Kuwait Sets Oil Well On Fire After Gas Leak

No one was injured in the gas leak accident, said state news agency KUNA.

Marriage Loses Its Sparkle In Kuwait

Marriage rate is falling while divorces are on the rise – what’s happening to the sanctity of marriage in the conservative Gulf state?

Viva Approaches Banks For $400m Loan

The Kuwaiti telecoms operator is looking for funding to help boost network capabilities and improve its current services.

The Emir Of Kuwait Dissolves Parliament

The decision by Sheikh Sabah al-Ahmad al-Sabah offers hope of new parliamentary elections.

Qtel To Buy KIA’s Stake In Wataniya

The Qatari telecoms operator is to own almost all of Kuwait’s Wataniya network as Kuwait Investment Authority sell up.

Kuwait Central Bank Cuts Discount Rate To 2%

The move is expected to boost Kuwait’s banking sector.

Kuwait Should Cut Spending – Central Bank Governor

Mohammad al-Hashel has said the Gulf Arab state should take necessary action to reduce spending.

Kuwait To Pass 2012/13 Budget Via Decree Soon

The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.

Kuwait Faces Parliamentary Deadlock After Court Ruling

The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.

Kuwait’s Commercial Bank To Liquidate Investment Unit

CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.

Kuwait Not To Cut Spending Because Of Investment Move

Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.

Kuwait Aims To Boost Rainy Day Fund

The government plans to allocate around 25 per cent of state revenues into the fund.

Gulf Bank To Finance $2bn Kuwaiti Projects

The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.

Gulf OPEC Big Three Raise Aug Oil Output By 400,000 bpd

Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.

Zain Announces New Chief Executive And COO

The Kuwait-based operator has revealed two new appointments to its top level board.

Kuwaiti Firm Alleges Carlyle Sold Fund Without Licence

Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.

Zain Confirms Vodafone Roaming Talks

The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.

Biggest Banks In Kuwait

Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.