Kuwait Weekly News - 01 April 2011, Friday

Kuwait government resignsUPI.comKUWAIT CITY, March 31 (UPI) -- The entire Kuwait Cabinet resigned Thursday, placing the government in the hands of Emir Sabah al-Ahmad al-Jaber al-Sabah. The resignations were reported by the government news agency, KUNA. Ministers held a special ...See all stories on this topic » Kuwait: Iran involved in spy ringUPI.comKUWAIT CITY, March 31 (UPI) -- A verdict this week in an espionage case revealed links between the Iranian Revolutionary Guard and a spy ring in Kuwait, the Kuwaiti foreign minister says. Foreign Minister Shaikh Mohammad al Sabah told the newspaper Al ...See all stories on this topic » Court ruling a setback to Kuwait's AgilityReutersAgility was the largest supplier to the US Army in the Middle East during the war in Iraq and the case is politically sensitive in both Washington and Kuwait. The court said prosecutors correctly served Agility with an indictment in 2009 when it ...See all stories on this topic » Bahrain shuns Kuwait's mediation offerAljazeera.netBahrain's foreign minister says it is "completely untrue" that Kuwait could mediate to resolve its political crisis. Bahrain's Foreign Minister has denied reports that Kuwait would mediate to resolve Bahrain's political crisis. ...See all stories on this topic » Aljazeera.net Kuwait to mediate in Bahrain crisisReutersBy Frederik Richter MANAMA (Reuters) - Bahrain's largest Shi'ite opposition group Wefaq has accepted Kuwait as a mediator with Bahrain's government to end a political crisis gripping the tiny kingdom, a member of Wefaq said on Sunday. ...See all stories on this topic » Reuters 460 Minnesota National Guard soldiers to deploy to Kuwait for one-year tourGreenfield Daily ReporterWhile deployed, the soldiers will be stationed throughout Kuwait. The Guard says they will be responsible for providing base security and securing the convoys of troops, equipment and supplies throughout Iraq. It will be the third recent deployment for ...See all stories on this topic » The Rezidor Hotel Group Opens Hotel Missoni KuwaitPR Newswire (press release)BRUSSELS, March 30, 2011 /PRNewswire/ -- The Rezidor Hotel Group, one of the fastest growing hotel companies in the world, has opened Hotel Missoni Kuwait in collaboration with the iconic Italian fashion house Missoni. The unique property featuring 169 ...See all stories on this topic » Kuwait MP files to quiz minister over irregularitiesAhram OnlineA Kuwaiti MP Tuesday filed to question Information Minister Sheikh Ahmad Abdullah Al-Sabah in parliament over alleged financial and administrative irregularities and failure to perform his duty. Independent MP Faisal Al-Duwaisan claimed that Sheikh ...See all stories on this topic » Kuwait Teens' Hair Shaved Off as…MyFoxOrlando.comThe trio parked their car near the school in Al Jahra -- 20 miles (32 kilometers) northwest of Kuwait City -- and recited love poems and their cell phone numbers via a loudspeaker in the hopes that some of the girls would call them. ...See all stories on this topic » A Day That Shook The World: Iraq invades KuwaitThe IndependentOn 2 August 1990, Saddam Hussein's Iraqi forces, battle-hardened by eight years of war with Iran, crossed the border with Kuwait and swiftly overran its meagre armed forces. The emir fled, and Baghdad set up a puppet regime, declaring the country a new ...See all stories on this topic » Kuwait Issues Az Zour IWPP Request For Proposal After 1 Yr DelayZawyaABU DHABI (Zawya Dow Jones)--Kuwait invited companies Sunday to bid to develop its first-ever privately managed power and desalination plant at Az Zour North, after almost a year from the project's launch, as the state tweaked the terms of private ...See all stories on this topic » 'Kuwait human rights situation deteriorated drastically in 2010'Arab TimesKUWAIT CITY, March 30: The human rights situation in Kuwait drastically deteriorated in 2010 when the country faced a series of human rights problems, including the government's violation of the people's freedom of expression and gathering by clamping ...See all stories on this topic » Arab Times Kuwait resumes oil exports, production after sandstormPlattsKuwait resumed oil exports and production operations Saturday following an emergency industry shutdown Friday due to a massive sandstorm that blanketed the region. Kuwait Petroleum Corp subsidiary Kuwait Oil Co resumed production operations and exports ...See all stories on this topic » Tough and Daunting- Azkals facing Sri Lanka then KuwaitPhilBoxing.comThe Philippines is officially facing Sri Lanka in the first round and then Kuwait in the second round provided that the Azkals overcomes the Sri Lankans in the first round. At this point in time, it is probably good to know some important facts about ...See all stories on this topic » Pirates Capture Kuwaiti Oil TankerMyFox Chicago(NewsCore) - Pirates armed with rocket-propelled grenades hijacked a Kuwaiti oil tanker off the coast of Oman Monday, the European Union's naval forces said, though Kuwait's state oil company denied the report. The Zirku crude oil tanker, ...See all stories on this topic » Iraq-Kuwait Committee approves 12 articles of suspended dossiersMiddle East North Africa Financial Network(MENAFN - Aswat Al-Iraq) The Joint Iraqi-Kuwaiti Committee's first meeting to settle the suspended dossiers between the two countries have concluded its meetings in Kuwait on Monday with the approval of 12 of the articles, including those dossiers, ...See all stories on this topic » Tsunami of sand tortures KuwaitArab TimesKUWAIT CITY, March 25: A menacing black dust storm hit the country at a speed of over 50 kms per hour Friday evening, plunging the country into complete darkness before sunset. The storm reduced visibility to almost zero in some areas of the country ...See all stories on this topic » Arab Times Kuwait bourse almost flat amid volume dropArab TimesKUWAIT CITY, March 27: Kuwait stocks trod water on Sunday after ending lower in the previous session. The index inched 0.6 points higher in moderately volatile trade even as heavyweights closed mixed. The trading floor was largely tepid owing to lack ...See all stories on this topic » Al Mousawi's early goal gives Kuwait 1-0 win over Iraq in friendly played in ...The Canadian PressSHARJAH, United Arab Emirates — Hussain Al Mousawi's early goal gave Kuwait a 1-0 win over Iraq in an international friendly played Tuesday in the neutral venue of Sharjah. Al Mousawi smashed the ball beyind goalkeeper Mohammed Gassid and into the ...See all stories on this topic » Etisalat and Kuwait Real Estate: Gulf Equity PreviewBloombergKuwait's benchmark index dropped 0.5 percent, the most since March 23, to 6294.50 at the 12:30 pm close in Kuwait City. Dubai's DFM General Index (DFMGI) lost 0.8 percent. Emirates Telecommunications Corp. (ETISALAT UH): The Middle East's biggest phone ...See all stories on this topic » Kuwait snub for Bahrain protestersGulf Daily NewsKUWAIT CITY: Bahrain's ruling system is a red line that can't be questioned or contested, Kuwait's National Assembly speaker Jassem Al Kharafi said. He called for an immediate halt to declarations likely to foment dissension, as he received a Bahraini ...See all stories on this topic » Persian Gulf Stocks: Agility, Kuwait & Gulf Link TransportBloombergBy Alaa Shahine - Wed Mar 30 11:17:36 GMT 2011 Kuwait's benchmark index dropped 0.5 percent, the most since March 23, to 6294.50 at the 12:30 pm close in Kuwait City. Oman's MSM30 Index (MSM30) lost 1.8 percent, the most since March 7. ...See all stories on this topic » Kuwait Finance House implements new technology system to supervises ATMsBanking Business ReviewKuwait Finance House (KFH) has implemented a new technology system that supervises ATM and deposit machines in various locations through SMS system. The new system supervises ATM and deposit machines financially and technically through a central system ...See all stories on this topic » UAE telco Etisalat scraps Syria licence bid plansReutersThe latter deal would have the provided Etisalat with operations in Kuwait, Iraq, Bahrain, Jordan, Lebanon and Sudan. "Winning the Syria licence would have given Etisalat greenfield growth in a Middle East market, and now the Zain deal is over there ...See all stories on this topic » Fendeq.com is official sponsor of Travel World Expo 2011 in KuwaitAME InfoFendeq.com, a project by Jood, a LLC company based in Kuwait, is to sponsor the upcoming Travel World Expo that will take place at the Kuwait International Fairs Ground from the 29th of March to the 1st of April. "This is our third annual participation ...See all stories on this topic » Kuwait-KFH wins HH Sheikh Salem Al-Ali awardMiddle East North Africa Financial Network(MENAFN - Arab Times) Â KUWAIT CITY: Kuwait Finance House (KFH) won the award of His Highness Sheikh Salem Al-Ali's information award for 2010 as best technological commercial project in the Kuwaiti private sector; thus underscoring KFH's leadership in ...See all stories on this topic » Statement on Genocide Day of Azerbaijanis spread in KuwaitTrend News AgencyAzerbaijani Embassy in Kuwait prepared a press release and sent to the Ministry of Kuwait and other official agencies, diplomatic missions accredited in the country and the media outlets in connection with the Genocide Day of Azerbaijanis - March 31, ...See all stories on this topic » Trend News Agency Kuwait's crude oil exports to Japan down 16.5 percentMiddle East North Africa Financial Network(MENAFN - Kuwait News Agency (KUNA)) Kuwait's crude oil exports to Japan fell 16.5 percent in February from a year earlier to 6.05 million barrels, or 216000 barrels per day (bpd), for the second consecutive monthly decline, the government said ...See all stories on this topic » Kuwait Projects sees profit growth in 2011 on acquisitionsArabianBusiness.comBy Bloomberg Kuwait Projects Co, the country's biggest privately owned investment firm, expects profit to grow this year as the company seeks acquisition opportunities. "We feel from the first quarter's sign that there will be a growth in profit this ...See all stories on this topic » ArabianBusiness.com Kuwait cafe shut down for screening porn moviesGulfNewsAl Rai newspaper said that a café in Kuwait had been put under surveillance following a tip that it screened pornographic movies. By Habib Toumi, Bureau Chief Manama: A café in the bustling Salmiya area of Kuwait City has been shut down for showing ...See all stories on this topic » Kuwait Finance House -Bahrain inaugurates state-of-the-art data centreistockAnalyst.com (press release)(Source: Middle East Company News)Kuwait Finance House-Bahrain's (KFH-Bahrain) Managing Director and CEO, Mr. Abdulhakeem Alkhayyat, officially opened a new state- of-the-art Data Centre located in Bahrain. Kuwait Finance House, Bahrain is a leading ...See all stories on this topic » Bahrain Denies Kuwait Mediation OfferAPABahrain's Foreign Minister says Kuwait is not involved in mediation between the island nation's government and its protest leaders, APA reports quoting “The Voice of America”. The denial from Sheikh Khalid bin Ahmed Al-Khalifa on Monday comes after a ...See all stories on this topic » Kuwait to Halt Trading in 64 Stocks If They Don't Submit ResultsBloombergBy Dahlia Kholaif - Thu Mar 31 05:36:23 GMT 2011 The Kuwaiti bourse plans to suspend trading in 64 companies as of April 3 if they fail to submit full-year results by then. Investment Dar Co., Aref Investment Group, National Industries Group Holding ...See all stories on this topic » National Bank of Kuwait (NBK) participates at Banker Middle East eventAME InfoNational Bank of Kuwait (NBK) has been awarded the "Best Premium Banking Service" and "Best Business Internet Banking Service" in the Middle East for 2011 by the renowned regional financial magazine, "Banker Middle East". Abdulla Al Tuwaijri receives ...See all stories on this topic » Weatherwatch: Dust storms wreak havoc in KuwaitThe GuardianDust clouds engulf Kuwait City. Strong winds from the North brought an enormous cloud of dust last Friday. Photograph: Stephanie Mcgehee/REUTERS On Monday last week, thunderstorms hit the south-east coast of New South Wales, Australia, causing flash ...See all stories on this topic » The Guardian Latest developments in Arab political unrest stretching from North Africa to ...The Canadian Press___ KUWAIT Kuwait's Cabinet resigns over "regional developments" in an apparent reference to the turmoil in neighbouring Bahrain. The decision to dissolve the Cabinet is believed to be in order to prevent three of the ministers from being questioned by ...See all stories on this topic » ENERGY MARKETS REPORT INCLUDING: Kuwait cabinet submits resignation to avoid ...Proactive Investors UKKuwait cabinet submits resignation to avoid parliament questioning ministers according to parliamentary sources. • A proposal to give tax breaks to smaller oil fields will be read in Russian parliament on April 5. Petroneft and Exillion are among ...See all stories on this topic » On doorstep of 'dialogue'Arab TimesWE welcome the Bahraini opposition delegation to Kuwait. You are part of the Bahraini brothers whom we accommodate and assist in difficult times. We acknowledge your brotherhood rights. However, we have to say the truth before anything else. ...See all stories on this topic » Arab Fund Lends Sudan $360 Million for New Airport, Two DamsBloombergThe loan agreements bring the total amount lent by the Kuwait-based fund to Sudan to 526 million dinars ($1.89 billion), according to a statement handed to reporters today in Khartoum, the capital. The country's external debt reached $38 billion in ...See all stories on this topic » Serbia and Kuwait to improve overall relationsBalkans.com Business NewsPrime Minister Mirko Cvetkovic spoke on Friday with Minister of Finance of Kuwait Mustafa Jassem Al-Shamali about the improvement of overall bilateral relations between the two countries. The Minister of Finance of Kuwait said that there are many ...See all stories on this topic » Kuwait launches power plant tenderMiddle East North Africa Financial Network(MENAFN) An official from the Ministry of Electricity and Water in Kuwait, Eyad Ali Al-Falah, said that the ministry issued a tender for building a power plant in Al-Zour North with an estimated cost of USD2.7 billion, reported Bloomebrg. ...See all stories on this topic » 'Socks for Soldiers' to support local troops headed to KuwaitPine Journal... in support of Operation New Dawn. This year-long deployment is the second largest of the Minnesota National Guard since World War II. The soldiers will be stationed in Kuwait and provide base defense as well as perform route security operations.See all stories on this topic » Yes-men's council?Kuwait TimesBy Abd Al-Rahman Alyan - Editor-in-Chief I sat down in my office as usual last night following the news as I enjoyed a snack of kheema and chapati bought by my Indian colleagues in Kuwait Times in celebration of India's cricket victory (better luck ...See all stories on this topic » Erchonia Secures New International Distribution for ZeronaSunHerald.comNew Medic Co. will bring the Zerona laser to new markets including Saudi Arabia, Jordan, Lebanon, Syria, Kuwait, UAE, Oman, Yemen, Qatar, Bahrain and Egypt. “There is certainly a demand for noninvasive body-contouring technologies,” says Abdulwahab ...See all stories on this topic » State's exports increase by more than 23 percentWMBFRounding out the top 10 export markets in 2010 in order of rank were Mexico at number four, the United Kingdom, Australia, Brazil, Kuwait, India and Japan. "Exporters in South Carolina's manufacturing and agricultural sectors benefit from competitive ...See all stories on this topic » On Libya, Kuwait Writes to UN, But Humanitarian Only, No Jordan YetInner City PressKuwait only wants to help with humanitarian, and not the No Fly Zone. With the confusion caused by the UN listing and then delisting Ukraine, will this “humanitarian only” qualification lead to the UN once again announced 12, or leaving the count at 11 ...See all stories on this topic » Inner City Press Banks want to charge more to cover operating expensesistockAnalyst.com (press release)March 31--KUWAIT -- Financial transactions are now being widely used for all kinds of services, from paying electricity or telephone bills to withdrawing salaries. However, in exchange for these services some local banks charge a modest amount to cover ...See all stories on this topic » ALSTOM : Transforms Kuwait's Gas Powered Unit Az-zour into a Combined-Cycle ...4-traders (press release)Alstom (Paris:ALO) has been awarded a contract worth approximately ?170 million by Al Ghanim International to build a steam-tail add-on power plant for Kuwait's Az-zour gas powered power plant, located approximately 80 km south of Kuwait City. ...See all stories on this topic » Home sweet home: Ross Park Elementary student receives a special surpriseMuskegon Chronicle - MLive.comDirheimer, who is stationed in Kuwait with the 1436th National Guard Reserve unit from Montague, came home Sunday night on a two-week leave. Dakota Dirheimer thought he'd only be able to call his dad Sunday, to wish him a happy birthday half a world ...See all stories on this topic » Muskegon Chronicle - MLive.com