Kuwait

August 21, 2000

03:00 GMT

Kuwait’s Oil Minister Shaikh Saud Nasser Al Sabah yesterday ruled out any increase in crude oil production outside the Opec price band mechanism.

03:00 GMT

The Kuwaiti cabinet on Sunday approved regulations necessary to implement a bill allowing foreigners to own stocks and trade on the emirate's bourse.

August 20, 2000

03:00 GMT

Five Kuwaiti teenagers were killed and 17 injured when the bus they were travelling in crashed into a valley in Taif, Saudi Arabia while on an Omrah t

03:00 GMT

Kuwait's Oil Minister Sheikh Saud Nasser al-Sabah rules out any increase in crude oil production outside the OPEC price band mechanism.

03:00 GMT

Fitch IBCA rating agency on Thursday, August 17, affirmed its stable outlook rating for Kuwait on the back of high crude prices and the emirate's considerable returns from its extensive foreign assets

03:00 GMT

The recent merger between Al-Ahli Bank of Bahrain and United Bank of Kuwait may bring with it a transformation for the Middle East banking sector, with a shift from smaller family-run banks to larger,

03:00 GMT

Four patrol boats ordered by the Kuwaiti navy in 1995 have left the western French port of Cherbourg. The boats, equipped with sea-to-sea Sea Skua missiles made by the Franco-British arms-makers Matra

August 19, 2000

03:00 GMT

Kuwait has deported 552 expatriates in the first seven months of this year after finding that they were suffering from serious illnesses.

August 17, 2000

03:00 GMT

The Kuwait Stock Exchange (KSE) closed the week Wednesday slightly up despite seasonally weak trading and a report that showed a 10 percent drop in second-quarter profits of 79 listed companies.

August 16, 2000

03:00 GMT

Kuwait has imposed an indefinite ban on imports of French cattle and animal products after two further cases of "mad cow" disease were discovered in F

August 15, 2000

03:00 GMT

Kuwait Financial Center (KFC) announced a 16.7 percent rise in its net profits for the first half of 2000, reaching $9.75 million.

August 14, 2000

03:00 GMT

Kuwait's defense minister withdrew his resignation Monday, one day after he submitted it following a dispute with the foreign minister over a controve

03:00 GMT

A gasoline unit at Kuwait's Al-Ahmadi refinery untouched by a deadly explosion that halted production last June has resumed normal operation.

August 10, 2000

03:00 GMT

Kuwait has mobilized part of its army following threats made by Iraqi President Saddam Hussein as tension escalates in the region.

03:00 GMT

The Kuwait Stock Exchange (KSE) closed the week yesterday 1.4 percent down, having rebounded from five-year lows on the back of government pledges to implement sweeping reforms on the bourse.