Kuwait

June 3, 2014

Kuwaiti Emir Sheikh Sabah al-Ahmad is cited as calling Iran's Supreme Guide Khamenei as the “guide of the entire region” (AFP/ File)
15:23 GMT

The outcome of Kuwaiti Emir Sheikh Sabah al-Ahmad's visit to Iran has been positive with both sides agreeing to developing stronger ties between the two countries, in the interests of the whole region.

“The two countries have a lot in common, such as religion, neighborliness, history, and culture,” he stated, adding that these factors can help catalyze their economic relations.
03:55 GMT

“Bilateral trade stands at just $150 million, which is far below the expectations of both nations,” Al-Madaj told the Kuwait News Agency.

May 21, 2014

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.
03:55 GMT

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion

May 20, 2014

While Tehran has confirmed the visit, the emir's office has not yet done so publicly (File Archive/AFP)
17:00 GMT

Kuwait's top ruler will visit Iran for the first time at the end of this month, representing the latest sign that relations between Tehran and its Arab neighbors truly are thawing.

May 19, 2014

Egyptians will head to cast their votes in the national polls set for early next week (File Archive/AFP)
12:44 GMT

Kuwait is set to deport 15 Egyptian nationals from the country for their participation in what has been coined "an illegal gathering" in support of presidential nominee Abdul Fattah Al Sisi.

Kuwaiti singer Nawal will be singing the theme tune of the new TV series “4 Qulub” (4 Hearts). (Image: Facebook)
08:06 GMT

Kuwaiti singer Nawal will be singing the theme tune of the new TV series “4 Qulub” (4 Hearts).

May 13, 2014

Nayef al-Ajmi (left) quit his post after being accused of funding terrorism in Syria (File/AFP)
16:49 GMT

Kuwait's minister for justice and Islamic affairs resigned over his support for militancy in Syria on Monday.

May 12, 2014

Al Nusra Front enjoys general support from other opposition groups, while ISIL has drawn criticism for brutal attacks on civilians. (AFP/File)
17:01 GMT

The Syrian opposition group ISIL has threatened to take its war with rival opposition group al Nusra Front to Kuwait and Saudi Arabia.

Kuwait began importing LNG in 2009 and signed deals with Shell and Swiss-based trader Vitol to supply it from April to October, the period of peak power demand, for the last four years.
04:55 GMT

Kuwait wants to burn LNG instead of resorting to diesel and crude oil, which have higher harmful emissions, KPC added.

Eight of KSE’s sectors ended last week in the red zone, three recorded increases, whereas the Health Care sector’s index closed with no change from the week before
03:55 GMT

Kuwait Stock Exchange (KSE) ended last week in the red zone

May 9, 2014

Nawal is Morocco-bound. (Image: Facebook)
05:44 GMT

Switching up dialect and dress for the Mawazine Music Festival, Kuwait singer Nawal knows how to swoop into the hearts of fans.

May 8, 2014

KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
00:59 GMT

Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, reported a 20 per cent rise in first-quarter profit on Wednesday.

May 7, 2014

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
04:55 GMT

The International Monetary Fund (IMF) on Tuesday called on OPEC member Kuwait to contain a rapid rise in public wages and subsidies to safeguard the economy against oil price shocks.

May 5, 2014

Some Kuwaiti leaders fear the resignations are an attempt to dismantle the parliament (File Archive)
07:10 GMT

Five Kuwaiti MPs have now resigned as of Sunday over the parliament's refusal to question the premier on corruption allegations.

April 22, 2014

Saudi Arabia: No surprises here! The oil-rich Kingdom took the lead 39 names on the list with Al-Waleed Bin Talal holding on to the throne (and that libel case he brought against Forbes for “underestimating” his wealth).
10:51 GMT

There may always be money in the banana stand but where's the money in the Middle East really coming from? Al Bawaba has dissected the Forbes rich list to help show you where the Middle East's richest men are from.