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Saudi’s Prince Alwaleed Fires Celebrity TV Preacher For Brotherhood Links

The prince said Tareq al-Suwaidan, who has more than 1.9 million Twitter followers, had identified himself as “one of the leaders of the Muslim Brotherhood”.

Kuwait’s KIPCO Reports 11% Q2 Net Profit Rise

Net profit in the three months to June 30 was 9.5 million dinars compared with 8.6 million dinars in the same period last year.

Kuwait’s Kout Buys British Roadside Dining Chain Little Chef For $23m

The Kuwaiti form bought Little Chef from private equity firm RCapital.

Kuwait Forms New Cabinet, Names Al-Shamali Oil Minister

The July 27 parliamentary election brought in an assembly seen as more amenable to the government.

Budget Carrier Jazeera Profit Soars By 95%

The airline recorded passenger growth of 4.1 per cent, along with a load factor of 70 per cent in H1 2013.

Kuwait’s Ruler Pardons People Convicted Of Insulting Him

Dozens of Kuwaitis have been charged with insulting Emir Sheikh Sabah al-Ahmad al-Sabah, especially online.

Kuwait’s Emir Reappoints PM After Election

Sheikh Jaber al-Mubarak al-Sabah has been asked to form his new cabinet.

Liberals, Smaller Tribes Win Seats In Kuwait Vote After Opposition Boycott

The mainly Islamist opposition boycotted the poll in protest against a new voting system announced last year.

Kuwaitis Head To The Polls For Sixth Time Since 2006

The parliamentary election was boycotted by the main Islamist opposition.

Kuwait Elections: Ruling Emir Puts Diplomacy First

The Gulf state is holding a snap parliamentary election on July 27.

Kuwait’s Global Says Completes $1.7bn Restructuring

Under the deal, Global separated its core fee business from other parts of the company.

Kuwait’s NBK Reports 19% Rise In Q2 Profit, Misses Estimates

National Bank of Kuwait posted a net profit of $165.7 million in the second quarter of the year.

Kuwait Sends $200m Worth Of Oil To Egypt

Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt.

Kuwait Court Rejects Election Challenge, Confirms July 27 Vote

Almost constant factional infighting over the past seven years has prompted repeated elections in Kuwait.

GCC Hospitality Market Records Strong Q1 Performance

Events and established tourist attractions sustain robust performance in the hospitality sector for some Middle East cities.

Kuwait Fund Says More Than Doubled UK Investment In Past 10 Years

Kuwait Investment Authority, which has around $342 billion assets under management, has increased investment in Britain to over $24 billion.

Kuwait Cabinet Sets Parliamentary Vote For July 27

This is the sixth assembly contest in seven years in the Gulf country.

Kuwait’s United Real Estate Raises KD60m Via Bond

The amount will be mainly used to refinance existing paper.

Kuwait Sheikh Sues UBS For $21.4m In Dubai Court

Sheikh Meshal Jarah al-Sabah says the bank recruited him to scupper Vivendi’s bid to acquire Zain’s operations in Africa.

Kuwait’s KIPCO Hires Rothschild To Advise TV Arm IPO

KIPCO owns 60.5 per cent of OSN and its Saudi-based partner Mawarid Group has 39.5 per cent.

Kuwait Finance House Says 20% Capital Increase Oversubscribed

The sale will push the bank’s Tier 1 ratio towards its 17 per cent target for the end of 2013.

Kuwait Court Dissolves Parliament, Orders New Elections

The court made its ruling after throwing out an opposition challenge to changes to the electoral system decreed by the emir.

Asian workers take a break at Friday Market in Kuwait City

Economic, Social Pressures Behind Kuwait’s Crackdown On Expats

Kuwait has deported thousands of expatriate workers in the last few months for working without the correct visa or residency papers.

Kuwaiti Woman Jailed For Twitter Insults

Kuwait has penalised several Twitter users in recent months for slurs against the emir, Sheikh Sabah al-Ahmad al-Sabah.

Kuwait’s Zain Launches Share Sale Of Iraqi Unit

The telecoms operator will offer 55.9 million shares at one dinar each.

Kuwait’s Burgan Gets Approval For Stake Buy In Maltese Bank

The lender has received regulatory approval to buy a 25 per cent stake in Malta’s Fimbank.

Kuwait Inks $514m Refinery Upgrade Deal With S.Korea’s Daelim

The work is due to be completed within three years at the refinery.

Kuwait’s Shamali Named Acting Oil Minister

Mustapha al-Shamali is Kuwait’s long-serving finance minister.

Kuwait Grants Oman $2.5bn In Development Aid

The Kuwaiti Fund for Arab Economic Development will supply the amount in annual installments over a 10-year period.

Kuwait Court Scraps Opposition Politician’s 5-Year Jail Term

A former member of parliament, Musallam al-Barrak has been out on bail since he was sentenced in April but could still receive another sentence.