Kuwait

December 18, 2014


Kuwait Energy holds a 49.5 per cent revenue interest in the East Ras Qattara development lease
23:58 GMT

This is a very important discovery as this is the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East

December 17, 2014

Kuwait and Jordan enjoy strong ties. (AFP/File)
05:00 GMT

Jordanian and Kuwaiti officials met in Kuwait to discuss a possible military cooperation.

December 14, 2014

More than a million claimants have been paid and nearly all the $52.4-billion reparations bill has been met.
05:55 GMT

Iraq is seeking to postpone a final $4.6 billion installment of reparations for its 1990-91 occupation of Kuwait,

December 10, 2014

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production
17:36 GMT

A breakdown in OPEC solidarity or a price war among producers for market share will lead to an “enormous price-dive shock.”

December 9, 2014

Kuwait has been ranked last in the list of best countries in the world for expatriates to live and work, based on a report titled ‘Expats Insider Survey 2014'.
15:05 GMT

Kuwait was placed in 61st position internationally after Qatar, Greece and the Kingdom of Saudi Arabia.

December 3, 2014

It will buy about 2.5 million tonnes a year of high sulphur gasoil from state company KPC
19:54 GMT

Pakistan has finalised a gasoil supply deal for 2015 with Kuwait, which supplies 90 per cent of its demand for the fuel it uses for electricity generation and transport.

November 27, 2014

The total project cost, including the fourth phase, stands at KD610 million ($2.1 billion).
11:33 GMT

The company did not give details on how the scheme would be funded.

November 14, 2014

The border town of Arsal has been the site of fierce clashes between militants and the Lebanese army in recent months, sparking high tensions between Syrians refugees and Lebanese host communities. (AFP/File)
09:37 GMT

A bomb hit a Lebanese military vehicle Friday in the outskirts of Arsal's northeast region, according to a security source, wounding two soldiers.

Kuwait plans more than $40 billion of investment to significantly increase its capacity to produce oil and gas
00:39 GMT

The Gulf nation aims to raise the amount of crude oil it can pump by one-quarter, to 4.0 million barrels per day, by 2020.

November 12, 2014

Kuwait's real estate growth was supported by a strong performance in the investment sector. (AFP/File)
09:07 GMT

Real estate growth in Kuwait grew by 16 percent year-on-year to $1.27 billion in September after a slow summer, according to a report.

November 11, 2014

"We need to put policy on it. We need to put an order to it so we can do something regarding consumption."
14:01 GMT

"You need to do something about subsidies. Maybe a producing country can turn into a consumer country," Sabt said on the sidelines of an energy conference in Abu Dhabi.

November 10, 2014

The new feature has already generated widespread negative responses from users in Kuwait and on social media
04:55 GMT

Now WhatsApp, the most popular messaging app i in the whole world, will now tell users when a message has been read.

The total number of cases brought against Egypt after the 25 January Revolution have reached at least seven involving demands totalling more than $20bn in compensation.
00:33 GMT

Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors, said the move will thwart the government’s efforts to revive confidence in the economy.

November 5, 2014

Under the contract, a new terminal for Kuwait International Airport and a new runway will be built in addition to around 30 gates to boost the facility's capacity.
13:49 GMT

Kuwait on Monday awarded a contract worth 1.4-billion dinar ($4.8 billion) to a local company for the expansion of the country's only international airport.

November 4, 2014

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
17:08 GMT

A Kuwaiti exploration company said it signed a memorandum of understanding to work alongside its counterparts in the Mexican energy sector.