GCC » Latest Kuwait News

Last Updated: Sun, Nov 23 2014 | 10:03 AM |
Kuwait Airways agrees to buy 10 Boeing 777-ER planes
Transport»

Kuwait Airways agrees to buy 10 Boeing 777-ER planes

Sunday, 23 November 2014 8:45 AM

The deal has a value of $3.3 billion at list price

Russia state fund sees Middle East, Asia demand despite sanctions
Banking & Finance»

Russia state fund sees Middle East, Asia demand despite sanctions

Friday, 21 November 2014 1:40 PM

Many Western firms have been paring back their activities in Russia after sanctions

Kuwait Petroleum Corp unit signs $1 bln loan
Banking & Finance»

Kuwait Petroleum Corp unit signs $1 bln loan

Thursday, 20 November 2014 3:20 PM

Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait

Viva Kuwait chairman says telco to list Dec. 14
Markets»

Viva Kuwait chairman says telco to list Dec. 14

Tuesday, 18 November 2014 5:16 PM

Announcement comes nearly 6 years after it raised $85.9m in an IPO

Kuwait's Investment Dar legal battle over Boubyan Bank stake continues
Banking & Finance»

Kuwait's Investment Dar legal battle over Boubyan Bank stake continues

Tuesday, 18 November 2014 4:54 PM

The investment firm has been embroiled in ongoing litigation since it sold the stake in the bank to Commercial Bank of Kuwait in 2008

Kuwait suspends 75 companies over 'fake employees'
Politics & Economics»

Kuwait suspends 75 companies over 'fake employees'

Monday, 17 November 2014 5:45 PM

The companies claimed a total of 500 fake Kuwaiti employees on its books in a bid to avoid sanctions

Accor signs first Novotel-branded hotel in Kuwait
Travel & Hospitality»

Accor signs first Novotel-branded hotel in Kuwait

Monday, 17 November 2014 5:20 PM

160-room four-star Novotel Sharq is expected to cost approximately $29 million to build

Kuwait mulls fines for bachelors living in family areas
Culture & Society»

Kuwait mulls fines for bachelors living in family areas

Monday, 17 November 2014 2:29 PM

The city municipality also is considering banning civil ID cards for single men living in residences designed for families but has not revealed why

Kuwait cabinet calls for steps to address oil price slide
Politics & Economics»

Kuwait cabinet calls for steps to address oil price slide

Monday, 17 November 2014 11:16 AM

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

Brent slips to $79 as Japan enters recession
Commodities»

Brent slips to $79 as Japan enters recession

Monday, 17 November 2014 10:37 AM

Iran attacks OPEC members for refusing to stabilise oil prices

UAE lists Muslim Brotherhood as terrorist group
Politics & Economics»

UAE lists Muslim Brotherhood as terrorist group

Saturday, 15 November 2014 8:56 PM

Nusra Front and ISIS also designated as terrorist organisations

US raises level of concern on Kuwait copyright laws
Politics & Economics»

US raises level of concern on Kuwait copyright laws

Saturday, 15 November 2014 3:57 PM

US Trade Representative said Kuwait had failed to introduce a copyright law in line with international standards

Kuwait to spend $40bn to boost oil output to 4m barrels per day by 2020
Energy»

Kuwait to spend $40bn to boost oil output to 4m barrels per day by 2020

Thursday, 13 November 2014 3:00 PM

Oil minister Ali Al Omair said he hoped the oil price would not drop to a level that's harmful for the economy

1
Kuwait's Americana posts 33.6% Q3 net profit jump
Retail»

Kuwait's Americana posts 33.6% Q3 net profit jump

Wednesday, 12 November 2014 4:58 PM

Major shareholder is currently studying bids for its stake in the firm

Kuwait 6-mth budget surplus at $31bn
Politics & Economics»

Kuwait 6-mth budget surplus at $31bn

Wednesday, 12 November 2014 3:17 PM

Gulf state only spent 52 percent of the nearly $40bn in public expenditure it had originally budgeted for, while revenues rose by nearly 50%


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