June 24, 2013
A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday.
June 20, 2013
So much for Ramzi's triumphal return! Both of her Ramadan projects have been placed on the back burner and it looks like her comeback has been delayed.
Kuwait's acting oil minister said yesterday current oil prices were "fair" and that the Gulf Arab state was producing around 3 million barrels of crude per day.
June 18, 2013
Two convicted rapists and killers were executed on Tuesday, just months after the country carried out its first execution in six years
June 17, 2013
The National Bank of Kuwait (NBK), DVB Bank, and Jazeera Airways Group (JAG) today (17 June) announced a $90 million commercial facility for funding JAG’s aircraft purchases through a structured facility led by NBK and DVB Bank SE.k
June 16, 2013
Kuwait's top court ordered the dissolution of parliament on Sunday and called for fresh elections
June 12, 2013
Protests against the Shiite militant group Hezbollah erupted in Kuwait, the day that seven supermarkets in the country began a boycott of Iranian products
June 10, 2013
Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait.
May 29, 2013
Kuwait National Petroleum Co said yesterday that it has signed a $516 million contract with South Korean Daelim Industrial for the repair and expansion of sulphur processing facilities at the Gulf state's largest refinery of Mina Al-Ah madi.
May 28, 2013
Former lawmaker Musllam Al Barrak had received a five-year jail term for allegedly undermining the status of the Kuwaiti Emir
May 26, 2013
Issuance of debt securities saw a strong pick up during the first quarter of 2013 on the back of healthy activity by the non-financial sector in Saudi Arabia and UAE banks, according to the latest research from the National Bank of Kuwait (NBK).
May 22, 2013
A number of MPs expressed mixed reactions over the massive reshuffle on Monday in the oil sector, with some welcoming it and others strongly criticizing it as politically-motivated, while the opposition made no reaction to the changes.
May 14, 2013
Kuwait’s GDP has been forecast to grow 1.1 per cent in 2013 as oil prices and production stabilises.
May 7, 2013
The Egyptian Railways is one of the most popular modes of public transportation in Egypt with around 800 million passenger miles annually. Most of this network connects the Nile Delta with Cairo and Alexandria.
Kuwait’s “nightingale” singer Nabil Shuail denies rumors of X Factor superstar judge Hussein Al Jassmi “pulling the carpet from underneath him”.