Monday 20 October 2014
 
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Kuwait

Abu Dhabi to build on rising Kuwaiti visitor figures

Abu Dhabi’s tourism industry is heading to Kuwait later this month for a major promotion at The Avenues Mall endorsing the UAE emirate as a popular holiday destination. The promotion will run from October 23 to 25 and feature repr

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Gulf Bank Q3 net profit up 11.2pc

Kuwait's Gulf Bank, the Gulf state's fourth-largest lender by assets, reported a 11.2 per cent rise in third-quarter net profit on Sunday, according to Reuters calculations. The bank made a net profit for the three months

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Saudi-Kuwait oilfield halted due to 'environmental issues'

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.

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Kuwait petchem firm launches $1bn loan

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1-billion loan into syndication, said bankers. The deal is being led by a consortium of international and l

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Kuwait's Asar wins national law firm award

Asar - Al Ruwayeh & Partners, a prominent corporate law firm in Kuwait, said it has won the “National Law Firm of the Year Award” for the sixth consecutive year. The award for 2014 was presented by the Internationa

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Kuwait says no impact on output or plans from oil price drop

The oil price drop to four year lows will not affect Kuwait's output plans or rate of production, the head of its state oil company said.   Speaking to reporters, Hashem Hashem, chief executive of Kuwait Oil

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No impact on plans from oil price drop: Kuwait

The oil price drop to four year lows will not affect Kuwait's output plans or rate of production, the head of its state oil company said on Thursday. Speaking to reporters, Hashem Hashem, chief executive of Kuwait Oil Co, said

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Kuwait moves to cut diesel, kerosene subsidies

Kuwait's government is moving towards cutting some of the energy subsidies which drain billions of dollars from the state budget every year, in a politically sensitive reform which could start to curb waste and overuse of its oil resources.

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GCC plans to launch joint naval force

The Gulf Cooperation Council (GCC) states have planned to launch a joint naval force, a top Kuwaiti defence official said, in a bid to protect waters shared with neighbouring Iran. The new force is expected to be formed in the &ld

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Kuwait keeps wide discount to Saudi oil in market share battle

Kuwait has maintained a wide discount between the crude it sells to Asia against a comparable Saudi Arabian grade for November, amid increasing signs that Gulf producers are engaged in a price war to compete for market share. &nbs

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