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Housing Shortage Poses A Dilemma For Kuwait

Kuwaiti men can apply for government housing after marriage, receiving loans that are paid off slowly.

Kuwait’s PM Says Welfare State Is “Unsustainable”

The International Monetary Fund has repeatedly warned against rising government spending in OPEC member Kuwait.

Kuwait Bourse To Launch Derivatives Trading Next Year

A Kuwaiti investment firm has already expressed interest in trading options.

Gulf Funds May Take Stake In EDF’s UK Nuclear Project

French utility EDF is spending $26 billion to build two nuclear reactors at Hinkley Point in the UK

Kuwait Emerges As Front-Runner To Fill Saudi Security Council Seat

Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.

Kuwait Gives Egypt 5 Years To Repay $2bn Deposit: Egyptian PM

Egypt’s central bank received the $2 billion deposit from Kuwait on Sept. 26.

Kuwait Needs To Curb Wage Growth, Cut Public Spending – IMF

The International Monetary Fund urged the Gulf state to diversify its heavily oil-reliant economy, boost foreign investment and create jobs.

Kuwait Oil Capacity Additions Smaller, Slower Than Hoped

KOC plans to develop the Raqta project on Kuwait’s northern border with Iraq have faced several setbacks.

Siemens Wins $240m Kuwait Petroleum Contract

The company has been awarded a turnkey contract by Kuwait National Petroleum (KNPC) to supply two high-voltage substations.

Kuwait To Transfer $2bn Aid To Egypt

Kuwait’s state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.

Kuwait Airways May Delay Deal For Airbus Jets

Kuwait Airways signed an initial agreement with Airbus in May to buy 15 A320neo narrow-body jets and 10 of Airbus’s new A350-900 XWB.

Passerby Captures Lion Roaming Streets Of Kuwait

Police are seeking the owner of the lion, believed to be someone who was illegally rearing it as a pet.

Kuwait Emir To Visit White House On Sept. 13 To Discuss Middle East

The visit comes as the United States weighs military strikes in Syria.

Radisson Blu Kuwait Reopens After KD15m Renovation

Well-established property sports chic new look, larger Presidential Suite and enhanced F&B options.

GCC Education System Needs “Drastic Reforms”

A study finds that Gulf students want better trained teachers and up-to-date teaching methods.

Dubai Court Dismisses Kuwaiti Sheikh’s $21m Claim Against UBS

The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.

Arabtec Denies Merger Talks With Kuwait, Saudi Firms

The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.

Dubai’s Arabtec May Merge With Kuwait, Saudi Firms

The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.

Kuwait To Deport Nine Egyptians Protesting Against Cairo Crackdown

A security source said the nine were “prominent participants suspected of incitement and chanting hostile slogans”.

Saudi’s Prince Alwaleed Fires Celebrity TV Preacher For Brotherhood Links

The prince said Tareq al-Suwaidan, who has more than 1.9 million Twitter followers, had identified himself as “one of the leaders of the Muslim Brotherhood”.

Kuwait’s KIPCO Reports 11% Q2 Net Profit Rise

Net profit in the three months to June 30 was 9.5 million dinars compared with 8.6 million dinars in the same period last year.

Kuwait’s Kout Buys British Roadside Dining Chain Little Chef For $23m

The Kuwaiti form bought Little Chef from private equity firm RCapital.

Kuwait Forms New Cabinet, Names Al-Shamali Oil Minister

The July 27 parliamentary election brought in an assembly seen as more amenable to the government.

Budget Carrier Jazeera Profit Soars By 95%

The airline recorded passenger growth of 4.1 per cent, along with a load factor of 70 per cent in H1 2013.

Kuwait’s Ruler Pardons People Convicted Of Insulting Him

Dozens of Kuwaitis have been charged with insulting Emir Sheikh Sabah al-Ahmad al-Sabah, especially online.

Kuwait’s Emir Reappoints PM After Election

Sheikh Jaber al-Mubarak al-Sabah has been asked to form his new cabinet.

Liberals, Smaller Tribes Win Seats In Kuwait Vote After Opposition Boycott

The mainly Islamist opposition boycotted the poll in protest against a new voting system announced last year.

Kuwaitis Head To The Polls For Sixth Time Since 2006

The parliamentary election was boycotted by the main Islamist opposition.

Kuwait Elections: Ruling Emir Puts Diplomacy First

The Gulf state is holding a snap parliamentary election on July 27.

Kuwait’s Global Says Completes $1.7bn Restructuring

Under the deal, Global separated its core fee business from other parts of the company.