Kuwait

January 20, 2014

“The ministry has a zero-tolerance policy towards the import and sale of Israeli products and if there are Israeli potatoes in the stores, there will be stringent action against those involved,” the sources said.
21:01 GMT

Kuwait’s commerce ministry has launched an investigation into reports that Israeli potatoes were being sold in cooperative societies.

January 16, 2014

UN Secretary General Ban Ki-moon (L) and Kuwaiti Foreign Minister Sheikh Sabah al-Khaled al-Sabah attend the opening ceremony of the Second International Humanitarian Pledging Conference for Syria. [AFP]
05:07 GMT

As of January, the UN has secured 70 percent of the $1.5 billion pledged in the 2013 conference, according to the UN Refugee Agency (UNHCR).

January 15, 2014

A night to remember: Rock and roll aficionados in Kuwait had a night of great musical treat from one of the best young bands in the US, Filligar. (Image: Facebook)
13:25 GMT

Rock and roll aficionados in Kuwait had a night of great musical treat from one of the best young bands in the US, Filligar.

January 14, 2014

Cutting subsidies is politically difficult because of longstanding tensions between the cabinet and parliament, where many lawmakers campaign to raise social benefits.
22:15 GMT

Kuwait’s government will continue a review of its heavy spending on subsidies under a new cabinet appointed this month, the new finance minister said.

A picture taken on January 12, 2014, shows men trying to put out a fire in a buildings in the city of Daraya, southwest of the capital Damascus. [AFP]
05:52 GMT

Kuwait has entered a "distress call to citizens" in efforts to organize a national campaign to support Syrian relief efforts.

January 9, 2014

Peace out, filming hiatus, Shujoon Al Hajery is back! (Image: Facebook)
08:37 GMT

We didn't see her on screen in 2013, but this year will bring us not one, but two television shows starring Shujoon Al Hajery!

Shahed on her sick bed (Image: Instagram)
05:00 GMT

After her life was left hanging in the balance due to a recent illness, Kuwaiti actress Shahed is saying see you later to being an actress.

January 7, 2014

Zain, which posted a net profit of $186 million and revenues of $1.1 billion in the third quarter of 2013, will focus on adding new services in the near future.
13:24 GMT

Gegenheimer, who took on the role of group CEO in December 2012, said that 2013 was a year of transformation and resilience for the company.

January 2, 2014

Kuwait decided for the second year in a row to transfer 25 percent of revenues into the emirate’s sovereign wealth fund, the assets of which are currently estimated at over $400 billion.
03:55 GMT

The main reason for the sharp drop in surplus is a 50 per cent jump in spending to KD5.1 billion by the end of September from KD3.4 billion a year ago, the official data showed.

January 1, 2014

Shams is one happy lady now that her name has been cleared! (Image: Twitter)
14:28 GMT

Lawyer of the UAE's sassiest songstress has been sentenced to three years in jail and 80 whips for defaming Shams' character on social media.

December 23, 2013

Prime Minister Sheikh Jaber Mubarak Al Sabah told reporters last week that a "major cabinet reshuffle is imminent" (Courtesy of Naharnet)
12:32 GMT

All Kuwaiti ministers submitted letters of resignation from their post to the Prime Minister Monday.

December 19, 2013

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
10:57 GMT

Need an extra $42.4 billion? For Kuwait, current oil price projections will ensure the Gulf state's budget receives just that.

Al-Bahar particularly emphasized on Dabdoub’s role in leading NBK in two major crises that faced the bank during his career; the stock market crash in 1982 and the Iraqi occupation in 1990. NBK
03:55 GMT

Dabdoub’s career at NBK extends for over 53 years during which he has successfully led the bank to become one of the leading financial institutions in the Middle East with operations in 16 countries

December 16, 2013

Kuwait’s Parliament in February formed a special panel to probe allegations of irregularities in awarding the contract and another project to build a causeway.
10:56 GMT

A special company was established for the project in which the winning consortium has a stake of 40 percent and the government holds 10 percent, while 50 percent is to be distributed to citizens as free shares

NBK is the only Kuwaiti and the only Arab bank to take part in this consortium.
03:55 GMT

National Bank of Kuwait (NBK) is participating in a consortium of international banks to arrange a loan of $1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait.