January 2, 2014
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
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
All Kuwaiti ministers submitted letters of resignation from their post to the Prime Minister Monday.
December 19, 2013
Need an extra $42.4 billion? For Kuwait, current oil price projections will ensure the Gulf state's budget receives just that.
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
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
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.
December 11, 2013
Kuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said
December 9, 2013
London Bridge Holdings had originally planned to refinance More London by next summer but decided to sell the asset due to the attractive offer made by St Martins, which already owns property in London.
December 8, 2013
Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.
December 5, 2013
Kuwait is due to receive approximately $744 million in a few days from the United Nations Compensation Commission (UNCC) for disbursement in environmental rehabilitation
Al-Sabah was quoted in the statement as saying that in the coming period, Kuwait would give priority to the projects that affect Egyptian citizens.
December 4, 2013
Kuwait awarded Spain-based Isolux Corsan a contract worth $105 million to develop cable infrastructure in the Gulf country.
December 3, 2013
Kuwait Airways is considering issuing sukuk to finance an Airbus deal involving the purchase of 25 new planes and 12 leased aircrafts.
The NBK said the near-term outlook for exports looked solid