Kuwait

June 27, 2013

KUWAIT: Candidates began registering for Kuwait's second parliamentary election in eight months amid a political crisis that has stalled development in the wealthy Gulf state and a boycott by the opposition. (Photo AFP)
13:39 GMT

Despite a boycott by the opposition, candidates have begun registering for Kuwait’s second parliamentary election in eight months.

June 24, 2013

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
10:24 GMT

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

Suhair Ramzi may not be back this Ramadan, but rest assured, she'll be back.
11:15 GMT

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.

The price of oil was down slightly yesterday.
06:00 GMT

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

Hajjaj Al Sa’adi, known in the local media as the “Hawalli Beast”, was convicted for raping 18 children. He was executed in Kuwait on June 18, 2013 (Al Aan / Gulf News)
14:34 GMT

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

Jazeera Airways
11:48 GMT

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 Prime Minister waves in parliament (File photo)
15:59 GMT

Kuwait's top court ordered the dissolution of parliament on Sunday and called for fresh elections

June 12, 2013

Kuwaiti protesters set ablaze a picture of Lebanese Shiite movement Hezbollah's chief Hassan Nasrallah during a protest in front the Lebanese embassy against Hezbollah's and Iran's involvement in Syria, in Kuwait city on June 11 (Yasser al-Zayyat / AFP)
11:58 GMT

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 will jointly work with Korea Eximbank to provide financial solutions to Korean companies in Kuwait
11:38 GMT

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 has three refineries with a daily production capacity of around 930,000 barrels
10:51 GMT

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

Opposition leader Musllam Al Barrak waves before speaking to the media (Archive photo)
10:13 GMT

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 in the first quarter of this year was up by two per cent against a year ago
10:46 GMT

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

Kuwaiti Parliament
11:19 GMT

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

Kuwaiti Parliament (Getty/AFP)
11:53 GMT

Kuwait’s GDP has been forecast to grow 1.1 per cent in 2013 as oil prices and production stabilises.

May 7, 2013

A photo of an old train in Egypt
11:03 GMT

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.