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The deal has a value of $3.3 billion at list price
Many Western firms have been paring back their activities in Russia after sanctions
Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait
Announcement comes nearly 6 years after it raised $85.9m in an IPO
The investment firm has been embroiled in ongoing litigation since it sold the stake in the bank to Commercial Bank of Kuwait in 2008
The companies claimed a total of 500 fake Kuwaiti employees on its books in a bid to avoid sanctions
160-room four-star Novotel Sharq is expected to cost approximately $29 million to build
The city municipality also is considering banning civil ID cards for single men living in residences designed for families but has not revealed why
Gulf state has one of the strongest fiscal positions among the Gulf oil exporters, needing a price of just $54 per barrel to balance its budget
Iran attacks OPEC members for refusing to stabilise oil prices
Nusra Front and ISIS also designated as terrorist organisations
US Trade Representative said Kuwait had failed to introduce a copyright law in line with international standards
Oil minister Ali Al Omair said he hoped the oil price would not drop to a level that's harmful for the economy
Major shareholder is currently studying bids for its stake in the firm
Gulf state only spent 52 percent of the nearly $40bn in public expenditure it had originally budgeted for, while revenues rose by nearly 50%
Quick and simple tools can make the biggest differences
Live updates from today's event, with speakers including BBC broadcaster Andrew Neil, Etihad...
Dr David Nott takes top prize at awards ceremony
This year's top winners from across a variety of business sectors
The one-day event is examining the role of women working in the Arab world, the challenges...
Women in male-dominated professions are on the rise, but concerns over equality still persist...
4th Arabian Business Women Forum kicks off discussing leadership issues facing women in the...
"It is an honour before it is a duty," said Sheikh Ahmed bin Mohammed Al Maktoum
The annual awards takes place on 26 November, recognising the finest start-ups, SMEs and entrepreneurs...
Yes please remove the rent cap, let the prices get even more jacked up. In the end it will burst, and no one will benefit. Neither tenants nor landlords... more
Its a vessel...big deal more
Everybody is indeed taxed via DEWA bills, but there is also taxation on pork, alcohol, dining out at restaurants as in municipality tax, car tax (registration... more
The death sentence is a free pass. The purpose of punishment has always been to provide a lesson for misbehaving. No one learns a lesson by dying. Life... more
Our prayers are with you Allan, justice shall prevail and things will be different once it is solved as these banks will be taught a lesson. If not today... more
It's such a superficial life, but that's up to you, some love it & some hate it. Rather go to other restaurants that offer value for money with great ambiance... more
Good to know that.. God Bless U.A.E. and its Rulers and all the concerned in the Govt. Authority..
Our good wishes to all who has done this..... more