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Kuwait Appoints Islamist MP As Oil Minister In Reshuffle

Anas al-Saleh, a former minister for commerce and industry, was selected to head the Finance Ministry, replacing Sheikh Salem Abdulaziz al-Sabah.

Kuwait Six-Month Budget Surplus Down 15% As Spending Jumps

Spending soared over 50 per cent, partly thanks to increased outlays on public sector wages.

Kuwait Ministers Submit Resignations To PM

The move could pave the way for a cabinet reshuffle.

National Bank Of Kuwait CEO Dabdoub To Retire After 30 Years At Helm

Dabdoub helped transform NBK from a local bank into a major regional lender with offices in 16 countries.

Kuwaiti Gets 5-Year Jail Term For Insulting Ruler

The convicted man’s lawyer said the ruling against Kuwaiti Mohammad al-Mikhyal was “harsh” and did not take into account his mental health problems.

Kuwait May Impose Corporate Income Tax on National Companies

Foreign companies in Kuwait pay a 15 per cent tax.

Kuwait To Secure $1.4bn Financing For Major Power Project

The Az-Zour North Power and Desalination project is Kuwait’s first public-private partnership.

Kuwait Spy Chief Worried By Turmoil In Iraq

Sheikh Thamer al-Sabah, president of Kuwait’s National Security Bureau, said his relationships with his counterparts in Iraq and Iran needed improvement.

Kuwait’s Investment Dar Gets A Third Of Creditors To Accept Deal

The sharia-compliant investor defaulted on a $100 million Islamic bond payment in 2009.

Kuwaiti Court Acquits 70 After Parliament Storming

Protesters, including nine former lawmakers, stormed parliament in 2011 demanding it should be sacked.

Kuwait Airways Signs Deal To Buy 25 Airbus Jets

The Kuwaiti carrier has placed an order for 10 A350-900 and 15 A320neo family aircraft.

Kuwait Buys London Mayor’s Headquarters For $2.8bn

When completed formally next month, the sale will be one of the largest UK property deals ever.

Officials Deny Single Gulf Currency Launch

The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.

Kuwait Airways May Issue Bonds, Sukuk For Airbus Deal

Kuwait Airways is planning to buy 25 new aircraft and lease 12 other new planes.

Kuwait Airways To Buy 25 New Airbus Jets

The airline did not disclose the value of the agreement or give details about the type of aircraft.

Etisalat May Revive Talks To Sell Sudanese Unit To Zain

Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.

Kuwait’s Wataniya Names Ex-Batelco Chief As COO

Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.

Saudi Arabia, Kuwait Tighten Controls On Clerics

In Kuwait the authorities have resumed the monitoring of sermons.

Kuwait Airways Chief Suspended Over Jet Airways Plan

Sami al-Nisf was suspended after plans to buy used aircraft despite a government request to stop the deal.

Kuwait Airways Resumes Iraq Flights

This national airline stopped operating flights to Iraq after the 1990 Iraqi invasion.

Kuwait To Grant Africa $2bn In Development Loans, Investments

The soft loans will be granted through the Kuwait Fund for Arab Economic Development, said emir Sheikh Sabah al-Ahmed al-Jaber al-Sabah

Kuwait To Grant Africa $1bn In Development Loans

The loans would come on top of investments by Kuwaiti companies in a number of sectors.

Kuwait Reports First MERS-Coronavirus Case

The World Health Organization said in August the number of confirmed infections worldwide in the past year was 102.

Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

The Islamic lender’s net profit rose to KD39.3 million.

Kuwait Telco Zain Extends Profit Slump

The operator made a net profit of 53 million dinars in Q3 compared with a net profit of 59.7 million in the year-earlier period.

Kuwait To Review $16bn Annual Subsidies

Kuwaiti ministers have warned that state expenditures will exceed oil revenues within a few years if spending keeps rising at the current rate.

UK Eyes Further Kuwaiti Investments

London Mayor Boris Johnson hopes to attract greater Kuwaiti investments to the UK.

Kuwait Expects OPEC To Keep Crude Output Target Unchanged

Kuwait is currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.

Kuwaiti Woman Arrested For Driving In Saudi Arabia

Kuwaiti women are free to drive in their country and enjoy far more rights than those in Saudi Arabia.

Kuwaiti MP To Question Prime Minister Over Housing

Housing is the most pressing issue for Kuwaitis who say they have to wait up to 20 years for a government-subsidised home.