Kuwait
Kuwait to ban trading during Friday prayers
KUWAIT: Kuwait government has sent a proposed law to the Fatwa and Legislation Department, in which it banned trading during...
Kuwait authorities seize 17 kg of hashish
KUWAIT CITY: An Egyptian expatriate was arrested at Abdali border checkpoint for attempting to smuggle 17 kilograms of hashish into...
Kuwait signs KD 1.3bn airport deal
KUWAIT: Kuwait’s Public Works Minister Ali Al-Omair yesterday signed a KD 1.3-billion ($4.4-billion) contract with Turkish firm Limak Construction for...
Kuwait’s inflation eases to 2.9% as food prices drop – NBK ECONOMIC REPORT
KUWAIT: Inflation in consumer prices eased to 2.9 percent year-on-year (y/y) in April, on the back of a slowdown in...
KNPC seeks $6.4bn loan – KD 34.5bn to be spent on oil projects
KUWAIT: The oil sector is expected to spend about KD 34.5 billion over the next five years for the implementation...
Kuwait to spend $115b on oil projects
KUWAIT CITY: OPEC member Kuwait has earmarked 34.5 billion dinars ($115 billion) to spend on oil projects over the next...
Global gains KD 243,000 net profit for Q1 2016
KUWAIT: Global Investment House Company announced yesterday it gained net profit of KD 243,000 for Q1 2016 period, ending on...
Kuwait to sign $1bn deal for Mutlaa project
KUWAIT: Kuwait is expected to sign within two weeks a $1 billion contract with Italy’s Salini Impregilo and Turkey’s Limak...
Inflation in Kuwait up 2.8% in April
KUWAIT: The Consumer Prices Index (CPI), or inflation rate, recorded an increase estimated at 2.85 percent in April 2016, compared...
Al-Tamimi & Company closes $250m sukuk transaction for Boubyan Bank
KUWAIT: Al-Tamimi & Company, the largest law firm in the Middle East, acted as legal counsel for Boubyan Bank KSCP...
Kuwait authorities seize 240,000 Captagon tablets
KUWAIT: Acting Director of Drugs Control General Department Colonel Waleed Al-Duraiee said the department received information about an Egyptian man...
Kuwait’s Drug Control seizes 70 kg of Hashish, other narcotics
KUWAIT: The Drug Control General Department (DCGD) seized 70 kilograms of Hashish, 1 kilogram of crystal methamphetamine and 500 grams...
Kuwait oil price down 96 cents to $41.84 pb
KUWAIT: The barrel price for Kuwaiti oil went down Thursday by 96 cents to settle $41.84 per barrel after being...
Noor continued profitability for fourth year in 2015
KUWAIT: Noor Financial Investment Company held its Annual General Meeting (AGM) for the financial year ended 31st December 2015 with...
ABK named ‘Best Commercial Bank in Kuwait’
KUWAIT CITY: Al Ahli Bank of Kuwait (ABK) recently announced that it received the ‘Best Commercial Bank in Kuwait’ award...
Gulf Bank posts KD 8.8 mln net profit in Q1
KUWAIT CITY: Gulf Bank announced a net profit of KD 8.8 million in Q1 2016. This figure is down by...
Kuwait Customs arrests Asian with 30,000 narcotic pills
KUWAIT CITY: An Asian expatriate was arrested at Kuwait International Airport for attempting to smuggle 30,000 narcotic pills into the...
Kuwait official says no option but to freeze oil output
KUWAIT: A consensus on oil output freeze among oil-producing countries is the only option to prop up oil prices, Deputy...
GCC may apply VAT tax law in 2018-’19
KUWAIT: The Gulf Cooperation Council (GCC) member states are most likely to apply the value-added tax law between 2018 and...
Two Egyptians get death for smuggling drugs into country
KUWAIT CITY: The Criminal Court Tuesday sentenced two Egyptians to death for smuggling huge quantities of drugs into the country,...
