Home GCC Kuwait

Kuwait

Kuwait re-routes 14 flights due to bad weather

Flights were re-routed to airports in Damam, Doha and Manama since 0400 local time

Kuwait MPs call for deportation of one million expats

Some estimates suggest expats make up 70 per cent of Kuwait’s 4.4 million population

Kuwait Stock Exchange appoints new chairman

Kuwait’s emir appointed previous chairman Essam Abdul Mohsen al-Marzouq to head the oil ministry

Kuwait MPs call for abolishment of power, fuel price increases

New bills show resistance to a government austerity programme

Kuwait’s Agility expects logistics profit, revenue growth in 2017

Growth in emerging markets is expected to boost profits

Kuwait eyes nationality quotas, family visa limits to reduce expat population

The country’s labour minister has said a number of measures are being pursued to balance the population

Kuwait’s NBK, KAMCO invited to participate in sovereign bond issue

Kuwait plans to sell as much as $10bn of US dollar-denominated bonds in international markets

Kuwait MPs seek end to sports ban within 2 months

The country has been banned from international competitions for more than a year

Kuwaiti MPs call for limits on expat numbers

Expats currently make up the majority of the country’s population

Kuwait MPs call for emergency session to end international sports ban

The country has been suspended from international competitions since October 2015

Kuwait demands release of four nationals detained in Iran

The men have been detained in the western Ahvaz region of Iran

Kuwait prepares to restart Neutral Zone oilfields

The country said any additional supplies will compensate for a cut from other fields

China Metallurgical Group signs $531m expat hospital deal with Kuwait

The hospitals will have a capacity for 600 beds each and will serve insurance-paying expats

Asian workers take a break at Friday Market in Kuwait City

Rights group calls for end to Kuwait’s kafala system

The Kuwait Association for the Fundamentals of Human Rights called for the current system to be abolished

Different Arab money

Saudi, Kuwait and Bahrain’s central banks hike rates after Fed move

The riyal and most other Gulf Arab currencies are pegged to the U.S. dollar

Kuwait’s Emir says austerity measures “inevitable”

“All have to realise that this is no time for political luxury,” he was quoted as saying

Kuwait emir appoints new oil minister

Marzouq has previously served as head of the country’s stock exchange

Nott Forest owner resigns from Kuwait Football Association after team withdrawal

Fawaz Al-Hassawi’s resignation was linked to a dispute over player suspensions

Saudi, Kuwait expected to soon resume oil production in the Neutral Zone

The closure of the Neutral Zone’s fields has become a political sticking point between the two countries

Kuwait Energy aims to close $100m loan facility by year-end

The company is likely to obtain the financing on a bilateral basis from the European Bank for Reconstruction and Development

Revealed: Top 10 companies in Kuwait in 2016

The biggest listed companies in Kuwait as ranked by market capitalisation

Kuwait ruler re-appoints Sheikh Jaber al-Mubarak al-Sabah as PM after election

Opposition candidates are estimated to have won around 20 seats out of 50 in the Kuwaiti elections

Kuwait plans to buy 28 Boeing F-18 jets

Kuwait also planned to return a number of outdated F-18s in its inventory

Kuwaiti opposition wins big in parliamentary election

A total of 30 new MPs gained seats in the 50-member parliament

Kuwaitis vote in poll focused on recent austerity measures

Kuwait’s emir dissolved the parliament in October, citing “security challenges”

China’s Greenland HK raises $300m for real estate fund with Kuwait

The firm has shelved plans to buy a stake in a luxury New York City development from its Kuwait partner

Kuwait plans tax on expat remittances, privatisations and subsidy reforms

New taxes, sector privatisations and other measures are part of a new government reform package, according to reports

Kuwait to issue national rail network tender in 2017

The rail network will link Kuwait City to the airport, marine ports and the Saudi border

Kuwait’s Americana posts 85.8% Q3 net profit jump

The firm attributed its profit to the positive impact on its earnings from an asset disposal

Kuwait public sector to cut “unnecessary” expats

900 Kuwaiti public sector workers suspended over poor attendance

One worker allegedly received his salary for 10 years despite absence