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Kuwait MPs Plan To Question Oil Ministers

Elections in December brought in lawmakers seen as more cooperative with the government.

Kuwait Airways To Sign $3bn Airbus Deal

Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of the slimmer A320neo.

Kuwait Making Tentative Steps To Connect With Youth

Dozens of activists and political figures have been charged since late last year with insulting ruler Sheikh Sabah al-Ahmad al-Sabah.

Dow Chemical Receives $2.2bn In Damages From Kuwait

Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.

Kuwaiti Crown Prince Had Back Surgery In Germany

Sheikh Nawaf, 75, is the brother of the ruling emir and is next in line to lead the oil-producing Gulf Arab state.

Jumeirah Messilah Beach Hotel and Spa Opening May 7

Luxury hotel aims to raise Kuwait’s hospitality profile but its opening has been delayed following the downturn

Kuwait Parliament Says Can’t Levy Taxes As Services Not Good Enough

The IMF has said that Kuwait’s government needs to include the tax system in its fiscal reforms.

Kuwait’s Agility Reports 46% Rise In Q1 Net Profit

The company posted a net profit of KD10.1 million ($35.5 million) for the first three months of the year.

Kuwait Says Will Scrap Media Bill If Editors Object

The media law was passed by the government this month but still needs the approval of parliament.

Kuwait’s Wataniya Q1 Profit Falls 31%

Wataniya made a net profit of 19.5 million dinars ($68.4 million) in the three months to March 31, down from 28.3 million dinars in the year-earlier period.

Kuwaiti Author Wins $50,000 Arabic Book Prize

Saud Alsanousi has won the 2013 International Prize for Arabic Fiction for his book ‘The Bamboo Stalk’.

Kuwaiti Police Teargas Opposition Protest

Musallam al-Barrak, a former member of parliament, was sentenced to five years in jail this week, sparking protests.

Kuwait’s NBK Q1 Profit Flat, Sees Rosier Outlook

National Bank of Kuwait made KD81.3 million of net profit in the three months of 2013.

Zain Says Bahrain Unit Gets Approval For IPO

Kuwaiti telecoms operator Zain holds a 56.3 per cent stake in Zain Bahrain.

Kuwait Investigating Plan To Extract Shale Gas

The OPEC member produces three million barrels of oil per day but its gas production is relatively low.

Kuwait To Spend $17.5bn On Projects In 2013/14 – Finance Minister

Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan

Kuwait Agilty Unit Wins $190m U.N. Mission Contract

Agility’s Gulf Catering Company for General Trade will provide bottled water and other supplies to the joint United Nations-African Union Mission in Darfur.

Kuwait’s Parliament Approves Personal Debt Relief Plan

The plan will mean banks have to pay back any overcharged interest to citizens.

Kuwaiti Debtors’ Bailout May Cost Government $2.61bn

The government is planning to write off the interest on Kuwaiti citizens’ personal bank loans taken out before March 2008.

Kuwait Executes Three Men Convicted Of Murder

Kuwaiti media said on Sunday that the three were a Pakistani, a Saudi and a stateless man and they would be hanged.

Stocks: Kuwait Recovers Intraday Losses; Dubai At Two Month Low

Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.

Kuwait’s Agility More Than Doubles Net Profit In Q4

The logistics group made 9.65 million Kuwaiti dinars net profit compared with 3.46 million dinars a year earlier.

Kuwaiti Telco Wataniya Appoints New CEO

Abdulaziz Fakhroo replaces Bassam Hannoun becoming the telco’s third chief executive in less than a year.

Kuwait 10-Month Budget Surplus At $60.5bn

Robust oil income and lower-than-expected public spending boosted the surplus.

Around $100 Per Barrel Is Good Price For Oil – Saudi’s Naimi

Current oil prices will not deter economic growth, says Saudi’s oil minister.

Small Gas Leak Near Kuwait’s Burgan Field Controlled

Kuwait Oil Company said no one was injured by the gas leak.

GCC Tourists Spend Dhs2,440 Per Head In The UK

Visitors from Qatar and Kuwait were found to be the biggest spenders.

Kuwait Telco Zain’s Deputy CEO Resigns

Hisham Akbar, who was also Zain’s chief operating officer, quit as of March 3.

Court Rules Kuwait Venture To Pay $2.48bn To Dow Chemical

Kuwait’s Petrochemical Industries Co (PIC) pulled out of a $17.4 billion joint venture deal in late 2008.

Zain To Offload Stake In Iraqi Unit Through IPO

The company expects to finalise details of the initial public offering by the end of June.