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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.

Qtel Gets Regulatory Nod To Buy Wataniya Stake

Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.

Kuwait’s NIG To Repay $475m Sukuk On Time

National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.

Top Ten Salaries in Kuwait

The salary of an advertising creative director has jumped almost 23% in 2012

Kuwait’s Zain Q2 Profit Inches Up 1%

The telecoms operator reported a net profit of around $251.58 million in the second quarter of the year.

Kuwait Posts Record $47bn Budget Surplus Last Fiscal Year

The Gulf state’s surplus for 2011/2012 was boosted by increased oil income and lower spending.

Zain Buys Further Stake In Saudi Unit

The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.

Wataniya In 49% Q2 Profit Drop

The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.

NIG Requests $475m Sukuk Extension

The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.

Kuwait’s NBK Posts 42% Q2 Profit Drop

The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.

Zain Saudi’s Rights Issue Struggling

Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.

Kuwait’s ALAFCO In $1.9bn Deal

Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.

Kuwait’s Exiting PM To Select Cabinet

Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.

Kuwaiti To Buy Notts Forest

Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.

Kuwait Government Resigns – Sources

At least seven governments have stepped down in recent years because of political deadlock.

Kuwait Reinstates Former Parliament

Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.

Kuwaiti Royal Sues UBS For $21.4m

The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

Kuwait Suspends Parliament

Kuwait’s ruler has suspended the parliament for one month amidst rising political tension in the country.

Kuwait To Invest $150m In Asian IPO

Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.

Kuwait’s Index At Four Month Low

Political uncertainty has resulted in economic uncertainty for the country as markets drop.

Kuwait’s Social Minister Quits

Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.

Gulf States’ SWFs To Fund IHH

Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.

Kuwait’s Global In Bond Delay

The investment house is expected to get a five-month added window to repay bonds of $338.6 million.

Kuwait’s Global Posts Q1 Loss

Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.

Agility Q1 Profit Falls 8.1%

The Kuwaiti logistics firm made a net profit of $25.4 million during the first quarter of this year.