The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
Kuwait’s controversy-ridden stock market regulator, Capital Markets Authority (CMA), has appointed three new commissioners.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
Smoking cigarettes and shisha in most public places will now be punishable by law.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The Kuwaiti bank reported a net profit of KD302.4 million in 2011 compared to KD301.7 million in 2010.
The $9 billion refinery project in China is expected to produce 300,000 barrels per day of crude oil.
The move will make the bourse the second publicly traded stock exchange in the region.
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