Kuwait

September 18, 2000

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Kuwait contains 96.5 billion barrels of proven oil reserves (including its share of the Neutral Zone), or roughly 9 percent of the world's total oil reserves. Along with Saudi Arabia and the United Ar

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A world paper shortage and an increase in its cost has forced Kuwait's newspapers to cut their size by 10 percent. Kuwaiti dailies began shrinking two months ago when Mohammed Al-Khurafi, Kuwait's onl

September 17, 2000

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Kuwait's Al-Shall Economic Consultants warned OPEC states Saturday of "adverse consequences" from oil prices which have hit the highest level since Iraq invaded the emirate in 1990.

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Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah has called for serious talks with oil-consuming countries, warning that the demand for crude oil was rising too fast, in an interview published Friday.

September 16, 2000

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Kuwait and Iran are to sign a security agreement this month to combat drug smuggling. The emirate's interior minister announced in Thursday's newspape

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The Kuwaiti press urged the removal of Iraqi leader Saddam Hussein from power saying it was an essential prerequisite for world peace and stability.

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Kuwait's Oil Minister Sheikh Saud Nasser al-Sabah says there is enough crude on the oil markets and the use of the US Strategic Petroleum Reserve (SPR

September 15, 2000

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Kuwaiti stocks have passed an important point toward elevating their standing after the market paid off the debts that crippled its performance for many years.

September 14, 2000

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Albawaba KUWAIT   High tempers during the afternoon hours are the cause of many divorces in Kuwait, a Kuwaiti judge told Medina newspaper. Judge Jasse

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Kuwait and Iran will sign this month a security agreement to combat drug smuggling.

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Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah says that the emirate was unable to meet its new OPEC output quota and could not produce a single ext

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Kuwait has collected seven billion dollars since 1995 under a massive debt rescue plan, about a third of the original total, the governor of the emirate's central bank said on Monday.

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The Kuwait Stock Exchange (KSE) withstood three days of profit taking to end the week Wednesday up 1.1 percent, buoyed by the market's new-found confidence, brokers said.

September 13, 2000

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A Kuwaiti mother and her four daughters were crushed to death when their car hit a bus parked on a dark street.

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Kuwait’s social security department, which operates one of the world’s most lucrative pension systems, warned last week it will go bankrupt unless the retirement laws are reformed rapidly.