Kuwait

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!

July 20, 2014

Revenue generated through rents during the first half of the year increased by 39 per cent to Dh32.5 million, according to the company.
15:54 GMT

The Kuwait- and Dubai-listed company said the results were due to increased occupancy rates in recently completed residential developments and strong rental yields.

July 17, 2014

The $7 billion Kuwait Metro project is another vital project currently in the stages of design and supervision.
16:05 GMT

Kuwait’s construction sector has witnessed high growth at a steady pace, driven by the announcement of several infrastructure projects in recent times.

July 7, 2014

MP Musallam al-Barrak was arrested on June 2, causing anger across Kuwait (File/AFP)
07:47 GMT

Protesters on Sunday clashed with police following the arrest of a leading opposition figure. MP Musallam al-Barrak was arrested on June 2, sparking unauthorized demonstrations.

Disruptions linked to engineering or geopolitics have plagued global oil producers in recent years.
02:01 GMT

The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.