September 18, 2000
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
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
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.
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
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
The Kuwaiti press urged the removal of Iraqi leader Saddam Hussein from power saying it was an essential prerequisite for world peace and stability.
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
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
Albawaba KUWAIT High tempers during the afternoon hours are the cause of many divorces in Kuwait, a Kuwaiti judge told Medina newspaper. Judge Jasse
Kuwait and Iran will sign this month a security agreement to combat drug smuggling.
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
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.
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
A Kuwaiti mother and her four daughters were crushed to death when their car hit a bus parked on a dark street.
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.