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Saudi stocks may be hurt, Kuwait uninspired by FTSE’s index decisions

On Friday FTSE said it would reevaluate Saudi’s emerging market index inclusion in March next year

All GCC states to implement soft drinks, tobacco tax by year-end

The tax will see prices of soft drinks increase by 50 per cent and energy drinks and tobacco products by 100 per cent

UAE and Oman rise, other Gulf states fall in HSBC expat ranking

The Gulf countries performed well in economics but less favourably in the experience and family categories

Kuwait likely to approve law to enable 30-year bond issues

“We’re optimistic that the parliament will pass the law as it is,” an official said

Kuwait wealth fund assets grew over 34% in 5 years

The Sovereign Wealth Fund Institute ranks KIA as the world’s fourth-biggest sovereign fund

Kuwait’s GDP expected to decline this year

Economists believe a reduction in oil production could drive the economy into negative territory in 2017

Video: Kuwait reports another oil spill

There have been at least two other spillages in the country’s waters over the last month

Kuwait lifts ban on Indian maid recruitment

An Indian delegation will visit the country later this week

Oil prices rise as Iran backs output cap; UAE expects positive impact

Kuwait says OPEC could meet in March on extending oil cut pact

The joint OPEC, non-OPEC ministerial committee will meet on September 22 in Vienna

Kuwait’s oil minister says OPEC will decide on cut extension in Nov

“OPEC’s strategy is moving forward on the right track,” Marzouq was quoted as saying

Bahrain ranked best global destination for expats, Saudi, Kuwait among the worst

The kingdom performed well in areas like ease of settling in where Saudi Arabia and Kuwait struggled

Asian workers take a break at Friday Market in Kuwait City

Kuwait introduces new $830 fee for companies employing ‘excess’ foreigners

Companies will be subject to the charge for each ‘excess’ expat they employ

India ends $2,500 bank guarantee requirement for Gulf maid recruitment

Officials said the measure had proven ineffective, according to reports

Kuwait sovereign fund has more than $300bn of US investments

The $300bn sum represents more than half of KIA’s estimated assets under managment

Kuwait state-refiner KNPC to spend KD3.5bn over five years

The plan involves completing projects and starting new ones

Kuwait says oil spills contained

At least two spillages have hit different areas off the coast of Kuwait since last week

Kuwait says US oil stocks falling faster than expected

“Week after week we are seeing a much bigger-than-expected fall in inventories,” Al Marzouq said

Kuwait signs $2.9bn deal for LNG facility

Kuwait selects consortium for solid waste project

The plant will burn waste to generate energy

Kuwait Science Club confirms first day of Eid Al Adha

Public and private sector workers will be granted leave to celebrate Eid al Adha

Kuwait captures 14th man convicted of spying for Iran

Abdulmohsen Jamal Hussein Al-Shatti was the final member of the ‘Al-Abdali cell’ wanted by authorities

Kuwait contains oil spill, investigating incident

The clean-up of the shores affected by the spill will take one week

Kuwait’s crown prince had ‘successful’ medical check-ups in the US

Sheikh Nawaf, 79, underwent minor back surgery in 2013

Kuwait captures 13th man convicted of spying for Iran

The Ministry of Interior announced the capture of 12 members of the ‘Al-Abdali cell’ yesterday

Kuwait struggles to deal with oil spill

The leak was first reported on Friday

Kuwait arrests 12 in Iranian spying case

The men were sentenced in absentia last month

Kuwait MPs say they will oppose VAT bill

Kuwait and the other GCC states have agreed to implement a 5 per cent VAT rate from January

Omantel to buy nearly 10% of Kuwait’s Zain Group for $846.1m

The investment is part of Omantel’s strategy to diversify its exposure

Kuwait MPs seek to remove exemptions from expat healthcare fee increase

Non-Kuwaiti wives and mothers of Kuwaiti citizens, GCC citizens and other groups are exempt from new healthcare fee increases for foreigners

Kuwait’s Zain Group reports flat second quarter profit

Zain said that foreign currency conversions, mainly in Sudan, had cost the company $58m in H1 2017