Tuesday 22 July 2014
 
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Kuwait

Kuwait revokes citizenship of 2 opposition figures

The Kuwaiti government has revoked the citizenship of two opposition figures and some of their relatives, the state news agency reported, in a move that could deepen a political crisis in the country. The move comes after the cabi

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KPC scraps move to privatise petrol stations

Kuwait Petroleum Corporation (KPC) has withdrawn its proposal to privatise petrol stations, which was included in its operational budget plan of 2014-2015, a report said. The Supreme Petroleum Council has apparently held discussions abo

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Zain Kuwait posts 2pc decline in Q2 profit

Zain, a leading telecom operator in Kuwait, has reported a two per cent decline in second-quarter net profit on Wednesday, matching analysts' estimates.   The former monopoly, which operates in eight countrie

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NBK net profit hits $514m, up 12pc

National Bank of Kuwait (NBK) has reported $514 million in net profits for the first half of the year, as compared to $456 million for the same period last year, a year-on-year rise of 12.6 per cent.   The NBK Gr

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Kuwait’s construction deals to hit $17.5bn

Kuwait’s construction contracts are set to reach $17.5 billion by the end of the year from $9.8 in 2011 with major infrastructure projects on the line, according to a recent report.   The key infrastru

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Gulf Bank profit up 9pc

Kuwait's Gulf Bank, the country's fourth-largest lender by assets, reported a 9 percent increase in second-quarter net profit on Tuesday. Net profit for the three months to the end of June was 6.87 million dinars ($24.4 mi

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Globe Express Kuwait revenue up 19pc

Globe Express Services (GES), one of the world’s top 100 global logistics providers, has announced that its H1 2014 gross revenue for the Kuwait office increased 19.5 per cent. Mustapha Kawam, managing director-Gulf states o

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New threat to revoke citizenship in Kuwait

Kuwait has ordered its Interior Ministry to review citizenship of people who threaten national security and vowed an “iron fist” policy, in a crackdown following violent protests.   In a string of dec

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US jewellery group Icing opens in Kuwait

Icing, a popular US retailer of fashionable jewellery and accessories, made its Middle Eastern debut with the launch of a store in Kuwait this week. Opening at the prestigious Grand Avenue, The Avenues, the new store, which will b

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Kuwait's Americana denies bid offers

Kuwait Food Company (Americana) said on Sunday it had no knowledge of any firms interested in buying its business, contrary to recent media reports. "The administration of the company has no knowledge of this matter. The admi

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