Kuwait
Kuwait inflation eases to 3.0% in December
KUWAIT: Inflation in consumer prices eased for the third consecutive month in December as price growth in most major components...
ABK announces operating profits of KD 87.3 million
KUWAIT: Al Ahli Bank of Kuwait (ABK) yesterday announced Operating Profits of KD 87.3 million for 2015, up 5.8% from...
Zain Group generates revenues of KD 1.14 bn
KUWAIT: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated...
Kuwait’s DCGD nabs 15 on drug smuggling charges
KUWAIT: Drugs Control General Department (DCGD) officers arrested 15 suspects of different nationalities yesterday on drug smuggling charges. DCGD officials...
Kuwait bans imports of live birds from UK
KUWAIT CITY: The Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) banned on Monday imports of live birds, eggs...
US citizen arrested for importing KD 300,000 worth of meth
KUWAIT: A US citizen was recently arrested with the possession of KD 300,000 worth of methamphetamine (meth), which were hidden...
Kuwait equities rise on news of Americana sale – Gulf bourses rise as oil rallies
KUWAIT: The Kuwait Stock Exchange surged yesterday on news that the country’s wealthiest family has agreed to sell its majority...
2 Bangladeshi expats face gallows for drug smuggling
KUWAIT CITY: Criminal court presided over by Judge Mohammad Al-Duaij sentenced two Bangladeshi expatriates to death for smuggling and peddling...
STC takes controlling stake in Kuwait’s VIVA
KUWAIT: Saudi Telecom Co (STC) said yesterday it has raised its share in Kuwait Telcom Co (VIVA) to a controlling...
Al-Mazaya reports KD9.32m net profit for 2015 – Operating revenue jumps 258.9% to KD 59.82m
KUWAIT: Al-Mazaya Holding has announced its financial results for the fiscal year ended December 31, 2015. The announcement was made...
Infamous policeman caught with drugs
KUWAIT: The police officer who became infamous after a video clip went viral showing him forcing an Asian man to...
Gulf Bank net profit rises 10% to KD39m
KUWAIT: Gulf Bank yesterday announced an operating profit before provisions of KD 108 million for the year ended, 31 December...
Kuwait sees a record budget deficit on falling oil income
KUWAIT: OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price...
KFH posts net profit of KD 145.8 m for 2015
KUWAIT: Kuwait Finance House (KFH) Chairman, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings,...
Kuwait predicts $38b budget deficit
KUWAIT CITY: Kuwait finance ministry Thursday predicted a record budget deficit for the fiscal year starting April 1 on the...
OPEC will not cut output alone – KPC to invest $100bn over 5 years
KUWAIT: The Kuwaiti and Iraqi oil ministers said yesterday that OPEC will not cut production unless producers outside the cartel...
Kuwait mulls income, sales taxes as oil hits 12-year low
KUWAIT: Kuwait should consider introducing income, corporate and sales taxes to compensate for revenue lost from the plunge in oil...
Kuwait eyes projects worth KD16.7bn
KUWAIT: 2015 was a milestone for Kuwait’s projects market, with an unprecedented KD 9.7 billion ($32.2 billion) worth of contracts...
VIVA net profit rises by 6% to KD 43m for 2015
KUWAIT: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced its financial results at the end of the 2015, with...
Kuwaiti banks’ risks increase amid real estate slowdown
KUWAIT: Kuwait International Bank report showed a significant 29% decline in Kuwait’s (Aa2 stable) 2015 real estate sales amid softening...
