Kuwait
Kuwait supports the establishment of a unified Arab customs union
KUWAIT: The director of Kuwait’s North Port Customs Walid Al-Nasser said here the other day that his country supports the...
Customs foil bid to smuggle KD32,000, Arab national arrested
KUWAIT: The customs officers arrested an Arab national who was trying to leave the country, taking with him the sum...
Kuwait expert sees efforts to stabilize oil market – Saudi Samref oil refinery at full capacity
KUWAIT: Oil producing countries plan to stabilize the crude output, and probably trim it, in case the prices failed to...
Oil up as Kuwait revives hope for output freeze deal
KUWAIT: Oil prices climbed in Asia after Kuwait said an agreement to freeze output during a producers’ meeting this month...
Inflation retreats to 3.1% in Feb
KUWAIT CITY: Inflation in consumer prices eased in February on the back of a slowdown across most components. Headline inflation...
Customs intercepts liquor from ruling family member
KUWAIT: Sources at Kuwait airport said a ruling family member arrived from a Gulf country and entered the VIP hall...
Central Bank arranges to borrow KD 2 billion from local banks
KUWAIT: The general debt managing committee formed by the finance ministry gave the Central Bank the green light to arrange...
Global reports KD16.4 million revenues in 2015
KUWAIT: Global Investment House (“Global” or the “Company”), a regional asset management & investment banking firm headquartered in Kuwait, with...
Kuwait and Korean firms seal $2.9bn LNG deal
KUWAIT: Kuwait yesterday inked a $2.93 billion contract with three South Korean firms for the construction of the largest Liquefied...
Customs seizes 9 packets of marijuana from Kuwaiti woman
KUWAIT CITY: A Kuwaiti woman was arrested at Kuwait International Airport for attempting to smuggle nine sachets of marijuana into...
KIB net profit rises 17% to KD 16.1 mln in 2015
KUWAIT CITY: The Kuwait International Bank (KIB) announced a profit of KD 16.10 million for the year ending Dec 31,...
NBK-Egypt reports EGP 575.6m in net profits in 2015, up 53.3%
KUWAIT: National Bank of Kuwait-Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported a net profit...
Kuwait Customs foils attempt to smuggle meth
KUWAIT: Abdaly customs officers foiled an attempt to smuggle 500 grams of shabu (methamphetamine) hidden in a salt container. A...
Ooredoo market share reaches 30% in 2015
KUWAIT: Ooredoo Kuwait, a member of the international Ooredoo Group, has presented its achievements and financial results for 2015 during...
Telecom giant records KD 1.14 billion in revenues
KUWAIT: Zain Group held its 2015 General Assembly at the company’s headquarters in Shuwaikh yesterday. The leading mobile telecom, with...
Kuwait Customs to implement X-ray screening technologies through GCS from Smiths Detection
KUWAIT: The Kuwait General Administration of Customs (KGAC) announced that it will be implementing state of the art screening equipment...
Burgan Bank Group earnings up 23% in 2015
KUWAIT: Burgan Bank Group announced yesterday its financial year 2015 results. A solid operating & financial performance continues reflecting a...
NBK plans to sell part of $1.9bn loan
KUWAIT: National Bank of Kuwait (NBK) plans to sell down part of the KD600 million ($1.99 billion) it is contributing...
Kuwait Customs foils attempt to smuugle 13,270 captagon tablets
KUWAIT: Abdaly customs officers foiled a track driver’s attempt to smuggle 13,270 captagon tablets into Kuwait. A source said that...
GCC needs $151bn worth of financing needs: Markaz
KUWAIT: Kuwait Financial Centre “Markaz” recently held a presentation on “Forecasting Sovereign Debt Issuances in GCC” in collaboration with Kuwait...
