The company plans to achieve its 2018 profit target through earnings growth “across our core companies, particularly those in the financial services and media sectors”.
The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond.
Police used batons to halt the progress of protestors marching towards the Kuwaiti parliament on Monday.
Kuwait’s oil minister said on Thursday that OPEC had no choice but to keep output steady.
Ali al-Omair said the OPEC has to keep output unchanged to sustain marketshare.
Government investigators determined that the recordings were not authentic and had been edited.
Tariq al-Mutairi, head of the liberal Civil Democratic Movement was detained on his way home early on Wednesday.
Police sources in Iraq said the victims were civilians who died in an explosion from a truck trailer.
The contracts that cover 2015 will see Kuwaiti jet fuel flow through the BP system to Dubai and several European Airports, KPC said.
As part of economic reforms, the government is working on changing the tax system to diversify sources of state income and increase its non-oil revenues, the state news agency said.
No details were given on the reasons for the resignation, but the government said the emir had expressed understanding for the causes behind his move.
The project will include a mall, two high-rise residential towers, one furnished apartment tower, a marina and a five star hotel.
OPEC decided at its last meeting in November to keep production unchanged, rather than cutting it to support sliding oil prices.
Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.
He said projections showed prices might improve this year, but added that they might also stay between $50 and $60 a barrel.
Security officials acknowledge that youths from Gulf Arab states have trekked in their hundreds to fight for ISIL in Iraq and Syria.
Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.
Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.
The company’s 2014 annual profit was KD45.7 million, down from KD76.1 million in 2013.
The lender reported a 424 per cent rise in fourth-quarter net profit.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.
Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.
Its original debt deal was signed in 2011 and covered around KD1 billion.
The Gulf state plans to deploy 120 oil and gas rigs by the start of next year, up from 80 rigs now.
The price of Brent crude has increased by more than 30 per cent in the last four weeks.
Omair said the current market surplus was less than 1.8 million barrels per day.
Prime Minister Ibrahim Mahlab signed MoUs with Kuwaiti companies involving projects due to start in three to five years.