Kuwait

November 26, 2013

A company source said Kuwait Airways had been negotiating to lease the Jet Airways aircraft for eight years in a deal worth 134 million dinars ($473.7 million) but decided instead to buy the planes for 77 million dinars.
10:46 GMT

Sami al-Nisf was suspended after plans to buy used aircraft despite a government request to stop the deal.

November 24, 2013

A scheduled Kuwait Airways flight landed in Iraq late on Wednesday for the first time since the 1990 Iraqi invasion, in the latest sign of improved ties between the neighbors.
09:24 GMT

In December, Kuwait Airways dropped legal cases against Iraqi Airways in return for compensation of $500 million.

November 20, 2013

Private Gulf money has been a major source of funding for extremist rebel groups like the al-Qaeda affiliated Islamic State of Iraq and the Levant (File Archive/AFP)
05:41 GMT

Kuwaiti officials are denying that money from the Gulf country is flowing to the war-torn country of Syria to fund extremist rebel groups. However, a New York Times report issued earlier this week suggests otherwise.

Kuwait, a key OPEC member, controls nearly 101 billion barrels of proven oil reserves at around three trillion cubic metres of natural gas.
03:55 GMT

Kuwait is pumping billions of dollars into projects to expand its oil production capacity to four million barrels per day from three mbpd within a strategy to maintain its position as one of the world’s largest crude exporters, a Kuwaiti official has said.

November 19, 2013

The two-day summit  in the Capital Kuwait city will discuss a number of economic and political issues that are of concern to the Arab and African countries. [YASSER AL-ZAYYAT/Getty Images]
15:14 GMT

Arab and African leaders take part in a summit meeting in Kuwait city on November 17, 2013, to review steps to promote economic ties between wealthy Gulf states and investment-thirsty Africa.

The London school’s understanding of the region and its energy sector is a major reason behind the award of the contract, says Anas Meerza, general manager of Kuwait’s National Technology Enterprises Company (NTEC).
12:51 GMT

London Business School has won a $38 million (Dh140 million) contract to train top managers of the Kuwait Petroleum Corporation, the largest executive education programme in the school’s history.

November 18, 2013

Jordan earlier this month expressed publicly that it hoped to assume the vacant UN council seat (Courtesy of UN)
06:00 GMT

Kuwait announced that it will support Jordan's bid to take up the UN Security Council seat vacancy that was previously declined by Saudi Arabia earlier this year in protest to US policy in the Middle East, particularly in the context of Syria.

November 11, 2013

Earlier this year, KIA said that it has more than doubled its investments in the UK over the last 10 years.
04:55 GMT

London Mayor Boris Johnson has said that the UK will iron out any difficulties faced by Kuwaiti investors interested in British investments, according to Kuwait’s official news agency KUNA.

November 4, 2013

About 969 million in 2012 was spent on advertising in Kuwait (Courtesy of Visit Kuwait)
09:48 GMT

Kuwait's advertising industry is creating jobs, boosting economic growth with investors spending an estimated 969 million in 2012 alone.

October 31, 2013

According to the complaint the laborers work for between 12 and 16 hours daily and they are not paid overtime money.
10:46 GMT

The embassy official noted about 1,800 Ethiopian laborers face deportation or can even lose their jobs for demanding their rights.

October 30, 2013

While Emirates acknowledges the incident, the airline is refuting reports that passengers were delayed for nearly five hours.
11:36 GMT

An Emirates A380 flight traveling from New York JFK-to-Dubai was diverted to Kuwait on Saturday due to a “technical issue", an Emirates spokesperson said.

Having initial plans for two-hub operations in Kuwait and Dubai, Jazeera today has focused its operations mainly on its home base.
09:23 GMT

Spelling out Jazeera’s success recipe, Boodai says, “We do not overload ourselves with huge capacities. We do not order large numbers of aircraft. We provide the market with just the right size of capacity that is required. This proved to be a very successful recipe.”

October 29, 2013

In its program, the government said that it was not possible to continue with the current generous welfare system and there is a need to review subsidies and charges on public services.
10:14 GMT

The government dropped a bombshell with its program that explicitly told Kuwaitis that cheap or free services are things of the past.

October 24, 2013

He said that the committee in charge of studying the problem of laid off workers at the time of the global economic crisis found that the number of Kuwaiti citizens working for the private sector, ostensibly affected by the crisis, was not as high as once thought.
13:26 GMT

Up to KD 18.5 million have been paid out to citizens laid off from jobs in the private sector, covering the period from August 2008 to October 2013