Kuwait

October 13, 2014

Kuwaiti logistics firm Agility said on Monday that a wholly owned unit had won an $82.5 million contract from Britain’s Ministry of Defence.
13:16 GMT

The contract, secured by Agility Defense and Government Services, will run from October 2014 to April 2016.

October 9, 2014

The meeting at this level is the first since France and Turkey signed a "strategic cooperation agreement" last January. (AFP/File)
15:32 GMT

French Foreign Minister Laurent Fabius will meet with his Turkish counterpart Mevlut Cavusoglu in Kuwait Friday to discuss the ongoing struggle against Islamic State militants.

October 8, 2014

After the deal closes in November, Chevron Canada will remain the operator and will hold a 70 per cent interest in the project.
05:55 GMT

“It’s simply a funding source that historically Chevron would not have looked at, but they are spending a lot on developing LNG and offshore so are looking at monetizing some of their assets sooner than they normally would.”

October 7, 2014

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
05:55 GMT

Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.

September 29, 2014

Sherine is reportedly suing the Kuwaiti Ministry of Information for canceling her concert. (Image: Albawaba edit)
13:25 GMT

Sherine Abdel Wahab, amongst many other Arab singers, has been banned from performing in Kuwait!

September 28, 2014

An F-15E Strike Eagle waits to take off before strike operations in Syria on Sept. 23. (AFP PHOTO / US Air Force)
14:15 GMT

An al-Qaeda member expressed condolences for the death of senior operative Mohsin al-Fadhli.

September 15, 2014

Under the project, the capacity of the Mina al-Ahmadi refinery will drop to 347,000 barrels per day (bpd) from 466,000, while Mina Abdulla refinery’s capacity will rise to 454,000 bpd from 270,000.
21:37 GMT

Part of the country’s KD30 billion ($104.7 billion) economic development plan, the CleanFuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refinerie

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.