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Kuwait in “state of war” with militants, warns of other cells

Kuwaiti authorities have detained 60 people in connection with the bombing and closed a charity for alleged militant ties in raising funds for Syrians

Kuwait detains 60 suspected of Islamist militant links

Arabic-language al-Qabas newspaper quoted security sources as saying that 60 people, including Kuwaiti citizens and nationals of other Gulf states, were detained.

Kuwait says mosque bomber was young Saudi man

The interior ministry named the bomber as Fahd Suliman Abdul-Muhsen al-Qabaa and said he flew into Kuwait’s airport at dawn on Friday

Kuwait says detains driver of vehicle that took bomber to mosque

The interior ministry said the driver of the car was an illegal resident named Abdul-Rahman Sabah Aidan

ISIL suicide bomber kills 27, wounds 227 in Kuwait mosque

It was the first suicide bombing at a Shi’ite mosque in Kuwait and worst militant attack in the country for many years.

Kuwait oil minister says oil price drop unlikely

Ali Saleh al-Omair predicts gains in the final quarter of 2015 on the back of global growth

Construction costs to delay Kuwait’s al-Zour oil refinery

The 615,000 barrel per day oil refinery has been repeatedly delayed by bureaucratic and political issues

Kuwait’s Investment Dar loses appeal against lifting of legal protection

The company is seeking to agree a $2.69bn debt restructuring plan with investors

Kuwait’s IPG buys jet fuel from state-owned KPC in rare move

Independent Petroleum Group bought 60,000 tonnes of the aviation fuel from Kuwait Petroleum Corp in July

Kuwaiti opposition figure arrested, sent to serve two-year jail sentence

Musallam al-Barrak, a former member of parliament, has long been at odds with the authorities over changes made in 2012 to the election law.

France nears $1.1bn Kuwait deal to sell Airbus helicopters

The contract is for the sale of 24 Airbus-built military helicopters to Kuwait

Kuwait to table corporate tax bill in 2 years – finance minister

The minister expects the rate for international firms to fall and the levy on local companies to rise

Government to retain 75% stake in Kuwait Airways

Under a new proposal, 20 per cent of the airline’s shares will be offered to Kuwaiti citizens and 5 per cent to current and retired employees.

Jazeera Airways lodges interest in buying 35% Kuwait Airways stake

Kuwait Airways Company is currently undergoing a privatisation process by the Kuwaiti government.

Chevron says output from Saudi-Kuwait joint Wafra oilfield to remain shut

The oilfield will not be reopened until difficulties to operate there are resolved, the US firm said.

Kuwait’s Burgan Bank to consider expanding in UAE, Saudi, Egypt

The bank did not expect to make any acquisitions this year, but said that it would at some later date as a number of foreign banks in the Middle East pulled out.

Kuwait’s Al Ahli Bank buying Egyptian unit of Greece’s Piraeus Bank for $150m

The transaction, which requires approvals from the central banks of Kuwait and Egypt, stands to benefit both lenders.

Kuwait Finance House may sell properties, cut small number of jobs

The bank may auction the properties or offer them to be run by other operators, depending on market conditions, an official said.

Oil oversupply due to shale oil output rise, not OPEC – Kuwait

OPEC production had not risen by more than 200,000 to 400,000 bpd above its 30 million bpd cap since 2011, an official said.

Kuwait’s Agility Q1 profit rises 5%, in line with forecast

he firm’s net profit in the three months to March 31 was KD11.8 million.

Kuwaiti Mina Abdullah Refinery Units In Maintenance To June 8

The refinery will also undergo a second round of maintenance for 45 days starting March 1 next year.

Kuwait Telco Zain Q1 Profit Falls 26.7%

The firm had posted falling profits in eight of the preceding 10 quarters.

Saudi, Kuwait To Shut Joint Oilfield For Two Weeks

Total production from the Wafra onshore oilfield is around 190,000 barrels per day.

Boeing Poised To Clinch $3bn-Plus Kuwait F/A-18 Order

Kuwait has signed a formal letter stating its firm plans to buy newer-model Boeing jets, sources said.

Kuwait Finance House Says May Sell Malaysia Unit

It did not provide any details such as a timeline or a potential sale price of the unit.

Kuwait’s Burgan Bank Q1 Net Profit Rises 2%, Misses Estimates

Burgan made a net profit of KD17.54 million ($58.2 million) in the first quarter of 2015.

Kuwait’s KIPCO Q1 Net Profit Rises By 17%

Net profit in the three months to March 31 was KD12 million.

Global Investment House Says Files To Relist In Kuwait

The timing for the listing would be dependent on approval from Kuwait’s Capital Markets Authority.

Kuwait Seeking Around $10bn Loan For Clean Fuels Project

The project will upgrade and expand two of the Gulf Arab state’s largest existing refineries.

Kuwait Stock Regulator Plans Changes To Align Market With Global Norms

Kuwait’s regulator is looking to improve the investment environment in the country.