Friday 12 February 2016
 
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Kuwait

Kuwait to sign $9bn Eurofighter deal with Italy

Kuwait will sign a deal next week to buy Eurofighter jets, Kuwait's state news agency KUNA said on Thursday, citing the defence minister.   Kuwait signed a memorandum of understanding in September to buy 28 E

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Zain Q4 net profit rises 8pc

Zain, Kuwait's No.1 telecom operator by subscribers, reported an eight per cent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased. The former monopoly, which operat

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Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying. New contracts are

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Kuwait backs alliances against Islamic State, but no troops

Kuwait backs international efforts against hardline Islamist groups in Iraq and Syria although the Gulf Arab state's constitution prevents it from sending troops to fight abroad, a senior Kuwaiti official said. Kuwait, a US al

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KPC to sell loss-making assets to cut costs

State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency Kuna has reported. Nizar Al-Adsani, chief executive of KPC, was quoted as saying the co

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Tamdeen to open Kuwait waterfront project in 2017

Tamdeen Group, a leading property developer in Kuwait, plans to formally open its ambitious mixed-use waterfront retail, lifestyle and leisure destination, Al Kout, in the fourth quarter of 2017. Al Kout is a project under the ove

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Tamdeen to open Kuwait waterfront project in 2017

Tamdeen Group, a leading property developer in Kuwait, plans to formally open its ambitious mixed-use waterfront retail, lifestyle and leisure destination, Al Kout, in the fourth quarter of 2017. Al Kout is a project under the ove

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BA launches new loyalty programme in Kuwait

British Airways has launched its revitalised On Business loyalty scheme, which will help Kuwait’s small and medium sized enterprises (SMEs) make even more of their travel budgets.   The new offering brings together the b

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Jazeera Airways posts $51.2m net profit

Jazeera Airways, a low-cost carrier based in Kuwait, has reported a net profit of KD15.4 million ($51.2 million) for 2015. The airline reported positive results last year compared to figures recorded in 2014, when it posted a pre-transa

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Americana gives go-ahead to due diligence

Kuwait Food Company (Americana) said that its board had agreed to give an investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Last week the Gulf-based investment firm, Adep

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