Kuwait

September 10, 2014

The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
04:55 GMT

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy.

September 9, 2014

In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
17:50 GMT

Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.

September 7, 2014

The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Executive Sara Akbar said.
04:55 GMT

Several oil companies in Iraq's Kurdistan region withdrew staff last month after Islamic State militants approached Erbil, the region's capital, threatening its vast oil infrastructure.

September 3, 2014

Tareq Al Ali's health is on the up and up. (Image: Facebook)
09:43 GMT

High fever and a severe case of the flu sent the Kuwaiti comedian actor to the hospital recently.

September 1, 2014

The Starbucks program is currently available in Bahrain, Kuwait, UAE, Qatar, Oman, Saudi, Lebanon, Jordan and Egypt (File/AFP)
08:15 GMT

Global coffee chain Starbucks launched a 'Branded Solutions' scheme, where businesses in the MENA region can supply quality coffee to the workplace.

August 28, 2014

The Kingdom’s annual rate of energy consumption exceeded 5 percent while the economic growth rate reached 4 percent
07:13 GMT

Although the Kingdom has the largest oil reserves in the world and occupies the fifth place in terms of natural gas reserves, yet according to a report by oil specialist the Kingdom faces many challenges as a result of a number of different factors, including its need to meet the requirements of development.

August 27, 2014

A Kuwaiti man withdraws cash from an ATM machine (File/AFP)
06:55 GMT

Bahrain's Gulf Finance House Wednesday signed a $105 million deal with Kuwait Finance House in the wake of the global finance crisis, which hit the Middle East.

August 21, 2014

 In November 2008 Bank Sarasin made margin calls which the claimants did not meet. Bank Sarasin closed out the investments; with the consequence that the Khorafis suffered substantial losses.
23:28 GMT

The case dates back to 2007 and early 2008, when on the introduction of Sarasin-Alpen, the Khorafis purchased structured financial products from Bank Sarasin.

August 18, 2014

Kuwait´s parliament, where Member for Parliament Abdul Hameed Dashti said he would call for a debate about misbehaving Kuwaitis abroad (Yasser al-Zayya, AFP).
13:09 GMT

Two Kuwaiti parliament members have demanded that the passport of any Kuwaiti who tarnishes the country’s image and reputation abroad should be revoked.

August 17, 2014

The oil share of GDP remained however near its recent highs at 66 per cent (including refining).
20:31 GMT

The sector continued to recover from the 2008 crisis and its related weakness that lingered until 2010.

August 11, 2014

Dubai-based brokerage Arqaam Capital last year valued OSN at $4.3 billion.
04:55 GMT

The TV company has operations across Mena, and posted earnings of 139.5 million dinars ($494 million) in 2013.

August 7, 2014

The latest US country report on terrorism said there were increased reports in 2013 of Kuwait-based private individuals funnelling charitable donations.
11:03 GMT

The Islamic Affairs Ministry announced the same day it was suspending all types of fund-raising inside mosques, including for the “Syrian people”.

August 3, 2014

Investment Dar was one of several local financial firms which struggled to refinance debt in the aftermath of the global economic crisis.
18:57 GMT

Investment Dar has been embroiled in a long-running legal battle with Commercial Bank of Kuwait over a stake in Kuwaiti Islamic lender Boubyan Bank.

July 24, 2014

KIPCO is Kuwait's largest privately owned investment company (Image: URC)
12:22 GMT

Kuwait's largest privately owned investment company said it was on track to meet the target of a double-digit rise in revenue this year.

Will you be able to help Khaled find the poet he's looking for? (Image: Facebook)
09:27 GMT

Egyptian singer Khaled Selim is on the hunt for the Kuwaiti man he'd once met at Kuwait International Airport!