Home GCC Kuwait

Kuwait

Kuwait parliament national assembly

Kuwait’s cabinet submits resignation

Prime Minister submits resignation to Emir after a series of grilling motions

Kuwait, Saudi stocks climb after MSCI review

Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh

Kuwait’s stock exchange IPO will be oversubscribed, says CEO

The sale of half the exchange to local citizens began last month and will end on December 1

Man armed with a gun threatened to kill himself at Kuwait airport – report

The man has reportedly been arrested by authorities

Safa Al Hashem kuwait

Kuwaiti MP seeks to pass draft law imposing taxes on expat remittances

The law will see expat remittances taxed by up to 5 per cent

Kuwait, Bahrain wealth funds to consider investing in Saudi Aramco IPO

Saudi Aramco is working toward an IPO that may raise $40bn

Kuwaiti developer unveils plans for region’s first ‘hybrid outlet’ mall

The 350,000 square-metre mall is located in Sabah Al Ahmad Sea City

Uber mulls entry into Kuwaiti market – report

The car hailing service has reportedly approached several local authorities

Climate risks push Kuwait to consider lower oil-capacity targets

Kuwait Petroleum may reduce its long-standing goal of reaching four million barrels of daily capacity by 2020

Kuwait, Saudi evacuate citizens from Lebanon as public protests continue

Anti-government protests have been gaining momentum across Lebanon

Kuwait sees neutral zone oil pact with Saudis within 45 days

The neutral zone hasn’t produced anything since the fields were shut after spats between the two countries in 2014 and 2015

Kuwait’s Emir returns home after treatment in the US

The 90-year-old was admitted to a hospital in the US last month

Revealed: Top banks in Kuwait

Kuwait’s biggest listed banks ranked by total asset size

Kuwait family businesses should join stock market – minister

MSCI will add Kuwait to its main index tracking stocks in emerging markets in June 2020

Kuwait’s education and health ministries to lay off hundreds of expats

Kuwait has been taking steps to reduce the number of foreign residents in the country

Safa Al Hashem kuwait

Kuwaiti MP reportedly receives ‘death threat’ for anti-expat remarks

Safa Al-Hashem has issued controversial comments such as asking the government to charge expats for the “air they breathe”

Kuwait telco Zain taking lead on Middle East-first mobile industry climate plan

Initiative aimed at net zero greenhouse gas emissions by 2050

Chevron can resume production on Saudi-Kuwait oilfield quickly if needed – CEO

The zone can produce as much as 500,000 barrels a day but has been shuttered for at least four years

Kuwait Finance offers to buy Ahli United in $8.8bn deal

The combined entity will potentially become the Gulf’s sixth-biggest lender with $100bn in assets

Kuwait’s Capital Market Authority to start stake sale of bourse next month

Only Kuwaiti citizens will be eligible to buy the shares

Kuwait’s Agility plans to invest heavily in setting up facilities across Africa

The idea is to “build it and they will come,” said Geoffrey White, Agility’s CEO for Africa

Kuwait’s Emir admitted to US hospital for tests, postpones Trump meeting

Sheikh Sabah was due to meet with US President Donald Trump on September 12

Kuwait parliament national assembly

Kuwait mulls new quota system for expat communities – report

New law will seek to ensure that expat communities in Kuwait do not exceed 25-30 per cent of the country’s population

Kuwait Airways to spend $2.5bn on new aircraft

The airline hopes to carry five million passengers this year

Kuwait Petroleum to raise $1bn revolving loan

The loan, a revolving credit facility, comes amid a slowdown in the regional lending market

Kuwait’s ruler holds first public meetings after health issues

The emir’s office said on August 18 that Sheikh Sabah was in “good condition” after suffering a health setback

Kuwait hikes minimum salary requirement for expats to sponsor families

The decision exempts expats working in certain professions

Kuwaiti MP calls for curbing growth of ‘large’ expat groups such as Indians, Egyptians

Indians, Egyptians, Bangladeshis and Syrians account for more than half of the 3.4 million expatriates in Kuwait

Kuwait’s Emir has recovered after health setback

Sheikh Sabah, 90, went through a medical checkup and the results were good, an official said

Kuwait sovereign fund in portfolio shift on signs of global economic weakness

KIA reportedly made “calculated exits” from investments it felt were vulnerable to a downturn in global financial markets