Kuwait WeeKly News - 15 April 2011

Kuwait Resumes All Crude Oil Exports as Weather ImprovesBusinessWeekBy Fiona MacDonald April 14 (Bloomberg) -- Kuwait, OPEC's fifth-biggest oil producer, resumed crude exports this morning after the weather improved, Mohammed al-Ajmi, spokesman for state-refiner Kuwait National Petroleum Co., said today. ...See all stories on this topic » Kuwait's KIPCO plans to repay 2011 debts on timeReutersBy Rachna Uppal DUBAI, April 12 (Reuters) - Kuwait Projects Co (KPRO.KW) (KIPCO) repaid a $350 million bond in full at maturity on Tuesday, and the company plans to pay all maturities this year on time or early, its chief financial officer told Reuters ...See all stories on this topic » Iraq close to recognizing Kuwait's borders: U.N. envoyReutersBy Aaron Gray-Block THE HAGUE (Reuters) - Iraq's government could soon recognize Kuwait's borders and end two decades of UN sanctions imposed after former leader Saddam Hussein's 1990 invasion of its smaller neighbor, a UN special envoy said. ...See all stories on this topic » Reuters Iran retaliates against Kuwait's diplomatic expulsionsCNNBy the CNN Wire Staff (CNN) -- Iran expelled three Kuwaiti diplomats last week in retaliation for Kuwait's expulsion of three Iranian diplomats a week ago, Iran's official Press TV reported Sunday. Kuwait claimed the expelled Iranians were linked to a ...See all stories on this topic » US troops who have died in Iraq and KuwaitThe Seattle TimesBy AP AP The summer before he died, Brandon Hocking told a military writer how much he enjoyed his job at a base in southern Iraq where he fixed weapons for the Army. "My favorite part about this job is learning different weapons systems," Hocking said ...See all stories on this topic » Iran says Kuwait's espionage allegations "baseless"XinhuaTEHRAN, April 12 (Xinhua) -- Iranian Foreign Ministry Spokesman Ramin Mehmanparast said Tuesday that Kuwait's recent espionage allegations levelled at Iran are "baseless". Kuwait claimed earlier that a number of its officers and some Iranians in Kuwait ...See all stories on this topic » China, Kuwait mark 40th anniversary of diplomatic tiesXinhuaBEIJING, April 12 (Xinhua) -- China and Kuwait celebrated the 40th anniversary of the establishment of diplomatic relations Tuesday in Beijing. More than 500 Chinese and Kuwait guests, including Isma'il Tiliwaldi, vice chairman of the Standing ...See all stories on this topic » UPDATE 2-Zain shareholders elect new board, OK $3 bln diviReutersBy Eman Goma KUWAIT, April 12 (Reuters) - Shareholders in Kuwaiti telecoms group Zain (ZAIN.KW) elected a new board on Tuesday, including a top executive from Kuwait's family conglomerate Kharafi Group, and approved a $3 billion dividend for 2010. ...See all stories on this topic » 115 OFWs return from Kuwait with sad storiesInquirer.netBy DJ Yap MANILA, Philippines—Some 115 distressed Filipino workers, all women, returned home from Kuwait on Wednesday night, many with smiles on their faces, others with grateful tears, as they recalled their harrowing experiences in the Arab country. ...See all stories on this topic » Uncertainty amongst Kuwait MPs over upcoming cabinet lineupKuwait TimesKUWAIT: With speculation mounting about the lineup for His Highness the Prime Minister Sheikh Nasser Al-Mohammed Al-Sabah's new cabinet following his recent reappointment to the premier's post, MPs continue to voice a variety of opinions on the changes ...See all stories on this topic » Moody's places KIPCO's Baa2 ratings on review for downgrade (Kuwait)AME InfoMoody's Investors Service has placed on review for possible downgrade the issuer ratings for Kuwait Projects Company Holding KSC (KIPCO) and for Kuwait Projects Co. (Cayman) as well as the instruments rating under the USD EMTN programme and KIPCO's ...See all stories on this topic » Kuwait index treads water amid profit takingArab TimesKUWAIT CITY, April 12: Kuwait stocks trod water on Tuesday after posting modest gains in the previous session. The benchmark inched 0.6 points lower amid profit taking in some of the bank stocks and select heavyweights. The market mood was largely ...See all stories on this topic » Kuwait's holistic development centers on 'planning' – finminArab TimesKUWAIT CITY, April 11: The Euromoney in partnership with the Kuwait Ministry of Finance, held its 'Kuwait Conference: Financing Development, Developing Finance' in downtown Kuwait City at the Arraya Ballroom Courtyard by Marriott Kuwait Hotel. ...See all stories on this topic » SOMALILAND: President leaves for UAE and Kuwait, seeking investmentSomalilandPressBERBERA — President Ahmed Mohamed Silanyo embarked on his first trip to the Gulf on Thursday morning to seek investment and greater ties with the United Arab Emirates and Kuwait. During the week-long tour, the President and his delegation of five ...See all stories on this topic » Stateless 'bidun' fight for rights in KuwaitFinancial Times“In the best days of my life I served Kuwait,” he says, speaking in Al-Jahra, a neighbourhood outside Kuwait City. “Yet in my documents it's written that I am not Kuwaiti, but an illegal resident.” Ahmed is one of many stateless, so-called “bidun” ...See all stories on this topic » Financial Times Al-Barrak defends claims of Kuwait apology to IranArab TimesKUWAIT CITY, April 12: Opposition MP Musallam Al-Barrak defended his claims that His Highness the Prime Minister, Sheikh Nasser Al-Mohammed Al-Sabah, has sent a state minister to the Embassy of the Islamic Republic of Iran to apologize for implicating ...See all stories on this topic » Kuwait prepares company with $1 billion to invest in Egyptian BourseAhram OnlineThe Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, is setting up a company with US$1 billion in capital to invest in Egypt's stock market. The decision was reached during the visit of a Kuwaiti business delgation to the ...See all stories on this topic » Ahram Online UK hospital set to participate in Kuwait's medical expansion bidKuwait TimesBy Ben Garcia, Staff Writer KUWAIT: The Kuwait Cancer Control Center (KCCC), Al-Amiri Hospital and Al-Razi Hospital are jointly heading for major expansion in the coming years. The three main government hospitals in Kuwait are set to grow and ...See all stories on this topic » Crude Nears $107 On Equities, Kuwait Export WorriesIndia Infoline.comCrude Oil added some gains today, peddling up after a sharp drop in the last session. A temporary halt to Kuwati oil exports due to bad weather and renewed concerns over the unrest in Libya supported the sentiments amid firm cues from equities. ...See all stories on this topic » Suspect In Mesa Fatal Wants Deal From KuwaitKPHO PhoenixPHOENIX -- Almost six years after she killed a man in Mesa, a woman hiding in Kuwait has come up with a plan she says will guarantee she gets punished. And the Maricopa County Attorney's office just might go for it. Muneerah Al-Tarrah is both a US and ...See all stories on this topic » Army Reserves call Hermiston school superintendentSeattle Post IntelligencerHe reports for duty Saturday with the Army Reserve and will be deployed to Kuwait. KVEW reports Assistant Superintendent Wade Smith will take over until Maiocco returns in October 2012. The district is facing a $900000 budget shortfall and may have to ...See all stories on this topic » Kuwait seeks to import Iraqi gas in Shell dealThe NationalKuwait is seeking to import gas from Iraq through a deal with Royal Dutch Shell. The emirate burns large volumes of oil in its power plants as it has insufficient supplies of cleaner-burning gas. It has contracts with Shell for summer imports of ...See all stories on this topic » VP Binay welcomes OFWs from Kuwait‏Manila BulletinMANILA, Philippines (PNA) -- Vice President and Presidential Adviser on Overseas Filipino Workers' (OFWs) Concerns Jejomar C. Binay welcomed some 105 repatriates from Kuwait, Wednesday afternoon at the Ninoy Aquino International Airport (NAIA) Terminal ...See all stories on this topic » FBR chief in Kuwait to discuss PaCCs issueThe News InternationalISLAMABAD: Chairman Federal Board of Revenue (FBR) Salman Siddique has gone to Kuwait for holding talks with Agility, the firm that owns Pakistan Customs Computerized System (PaCCs) software, sources said. The government will give an option to the ...See all stories on this topic » Markaz is a co-sponsor for Euromoney Kuwait ConferenceAME InfoKuwait Financial Centre (Markaz), one of the Middle East's leading investment banking and asset management companies, is a co-sponsor for the Euromoney Kuwait Conference 2011 titled "Financing Development, Developing Finance" that will be held April ...See all stories on this topic » Superintendent deployed to KuwaitEast OregonianHermiston School District Superintendent Fred Maiocco announced Monday he will leave the district Friday as part of an 18-month deployment to Kuwait. The full Hermiston School Board of Education then unanimously agreed to hire assistant superintendent ...See all stories on this topic » Kuwait: Indian Strikers crowned champions of the coveted NYC TrophyMangalorean.comBy Gasper Crasto/Kuwait Kuwait April 12: Indian Strikers inscribed their name for the first time on the coveted NYC trophy with a 4-3 tie-breaker victory over Friends United in the finals of the Alvernaz-Lalush 21st Edition NYC Trophy football ...See all stories on this topic » Mangalorean.com Bangladesh signs diesel, jet deal with KuwaitTrade ArabiaBangladesh has renewed a term oil products supply deal with Kuwait for diesel and jet, the chairman of its state oil company said on Wednesday. Bangladesh Petroleum Corporation (BPC) will import 1.2 million tonnes of oil products annually from Kuwait ...See all stories on this topic » Dust storm halts Kuwait oil exportsAFPKUWAIT CITY — OPEC member Kuwait on Wednesday halted oil exports as a "precautionary measure" after a blinding dust storm hit the desert Gulf state, a Kuwait Petroleum Corp spokesman said. Oil exports from terminals, facilities to receive vessels and ...See all stories on this topic » AFP ReportLinker Adds Country Risk Reports for the Middle East (Yemen, Syria ...PR Newswire (press release)NEW YORK, April 12, 2011 /PRNewswire/ -- ReportLinker has just added the latest updates to country risk report research from The Economist Intelligence Unit, covering Yemen, Syria, Kuwait and Qatar. Highlights include: Yemen at a glance 2011-12 ...See all stories on this topic » Real non-oil GDP of Kuwait expected grow 4.5% in 2011ZawyaMUSCAT: Kuwait's real non-oil GDP must have grown 2.6 per cent in 2010 and projected to grow by 4.5 per cent in 2011 due to increased government spending on the recently approved development, the Gulf Investment House said, citing International ...See all stories on this topic » Cuartero keeps pool hopes aliveManila BulletinBy Jonas Terrado Kuwait-based Allan Cuartero stunned Wu Hao of China, 9-8, to keep alive his campaign in the Philippine Open Pool Championships yesterday at the Megatrade Hall of SM Megamall. Following a loss to newly-crowned World 8-Ball champion ...See all stories on this topic » Kuwait's Global Investment wants to cancel capital hikeArab NewsBy REUTERS KUWAIT CITY: Kuwait's Global Investment House shareholders will vote later this month on canceling a previous approval of a 76 percent capital hike. Global's shareholders will vote on April 28 on “canceling the approval of the general ...See all stories on this topic » Zain Kuwait sells its stake in Zain SaudiMiddle East North Africa Financial Network(MENAFN) Kuwait's Mobile Telecommunications (Zain) said that it would sell its share in Zain Saudi Arabia for USD950 million, reported Arabian Business. It added that the company signed an agreement with both Saudi investment firm Kingdom Holding and ...See all stories on this topic » 'Population of Kuwait expected to reach 3.5 m by 2030'Arab TimesKUWAIT CITY, April 11: The population of Kuwait is expected to reach 3.5 million by 2030 - an increase of 40 percent from 2010, according to the latest report of Euromonitor International entitled “Kuwait in 2030: The Future Demographic”. ...See all stories on this topic » NATO ships on Gulf tour amid Iran tensionAFPThe five-ship North Atlantic Treaty Organisation mine-sweeping force had already sailed to Bahrain and Kuwait under the 2004 Istanbul Cooperation Initiative (ICI), which aims to increase security cooperation with the Middle East. ...See all stories on this topic » AFP Kuwait's listed firms report strong profitsAhram OnlineCombined profits of firms listed on the Kuwait Stock Exchange rose sharply in 2010 after two years of modest gains due to the global financial crisis, an economic report said on Sunday. The 174 firms that have announced results so far posted a total ...See all stories on this topic » SD soldier honored for service during KuwaitKTIVYANKTON, SD (KTIV)--A South Dakota soldier was honored this weekend for his service during a tour of duty in Kuwait. The South Dakota National Guard held a Freedom Salute Ceremony for First Lieutenant Darrin Eichacker at the Yankton National Guard ...See all stories on this topic » Jazeera Airways expected to fly to Cairo in MayReuters AfricaBy Ahmed Hagagy KUWAIT (Reuters) - Kuwait's low-cost carrier Jazeera Airways is expected to start flights to Egypt's capital in May and post a profit this year, the firm's chairman said. Jazeera Airways, which posted a net loss of 2.8 million dinars in ...See all stories on this topic » Iranian Spy Rings Busted In Kuwait, BahrainArutz ShevaThe trial of the two Iranians in Bahrain on espionage charges comes days after a criminal court in Kuwait sentenced two Iranians and a Kuwaiti to death for participating in a spy ring discovered by Kuwaiti authorities in May 2010. ...See all stories on this topic » Arutz Sheva Kuwait SC 1-3 Al WehdatThe Official Home of Asian FootballKuwait City: Mahmoud Shelbaieh scored twice as Al Wehdat took control of Group D in the AFC Cup with a crucial 3-1 victory at Kuwait Sports Club. Both sides went into the fixture at Kuwait Sports Club Stadium with perfect records following two wins ...See all stories on this topic » The Official Home of Asian Football Strict rules, regulations to protect customers interestKuwait TimesBy Nawara Fattahova, Staff Writer KUWAIT: Would-be property-owners interested in buying residential or commercial properties in or outside Kuwait should hotfoot it to this week's Real Estate and Investment Exhibition at the Kuwait International ...See all stories on this topic » Kuwait: KMWA Volley Ball Championship-2011 Rescheduled to May 13Daijiworld.comKuwait, Apr 12: Karnataka Muslim Welfare Association, Kuwait (KMWA) is glad to announce a Karnataka State level KMWA - VOLLEY BALL Championship Cup-2011 tournament for men to be held at Indian Community School, Khaitan here on Friday May 13 from 4.00 ...See all stories on this topic » Kuwait's Amir Appoints former PM to Form New CabinetCRIENGLISH.comKuwait's Amir Sheikh Sabah Al- Ahmad Al-Jaber Al-Sabah on Tuesday reappointed former Prime Minister Sheikh Nasser Al-Mohammed Al-Sabah to form a new cabinet, the official KUNA news agency said. This was the seventh time that Sheikh Nasser, ...See all stories on this topic » Kuwait sees USD 90 as new oil price floorSteelGuruReuters cited Mr Farouk al Zanki CEO of Kuwait Petroleum Corporation as saying that that Kuwait would like to see world oil prices decline but does not expect them to fall below USD 90 per barrel. Mr Zanki said that oil traded above USD 119 per barrel ...See all stories on this topic » Chris Young to Entertain Troops Overseas on Piece of Home TourTaste of CountryChris Young may be known for his hit 'Gettin' You Home,' but the singer is bringing a “piece” of home to US troops stationed overseas with his Piece of Home Tour, which will take Young to Iraq and Kuwait from April 13 through April 21. ...See all stories on this topic » Taste of Country CORRE Ltd.: Kuwait Releases Three First-Stage Soil Remediation Contracts With ...Marketwire (press release)The Kuwait Oil Company ("KOC") has issued three tenders with a total expected value of up to US $210 million to perform clean-up services, which include remediation of oil-contaminated soil and oil recovery, relating to environmental damage in oil ...See all stories on this topic » Chris Young Plans Stars for Stripes TourCMT.comHe and his band will perform five concerts at five camps throughout Iraq and Kuwait, in addition to acoustic sets in various remote forward operating bases. Young's fans have also helped him collect iTunes gift cards to distribute them to service ...See all stories on this topic »