Kuwait Weekly News - 22 April 2011, Friday

Gulf Arabs oppose cut in Iran ties: Kuwait FMAFPKUWAIT CITY — Arab states in the Gulf are opposed to a break in relations with neighbouring Iran, Kuwait's foreign minister said on Thursday, even as he renewed charges of Iranian meddling in Arab affairs. "Cutting off ties (with Iran) is something ...See all stories on this topic »
Saudi Oil Min: Global Econ In Better Shape Than 2 Yrs AgoWall Street JournalKUWAIT CITY (Zawya Dow Jones)--Saudi Arabian oil minister Ali Naimi said Monday the global economy is in better shape now than two years ago but the recovery remained "patchy." "The global economy is in better shape than when we met two years ago, ...See all stories on this topic »
Kuwait's NBK Q1 net profit rises 5.8 pct, shares fallReutersKUWAIT, April 17 (Reuters) - National Bank of Kuwait (NBK) (NBKK.KW), the country's biggest lender, reported a small estimate-beating increase in first-quarter profit on Sunday, but shares fell after news that a prominent board member had died. ...See all stories on this topic »
Kuwait Oil Min:Oil Prices Partly Up On Loss Of Sweet Crude VolWall Street JournalKUWAIT CITY (Zawya Dow Jones)--Kuwait's oil minister said Monday a loss in sweet crude volumes due the violent conflict in Libya is partly responsible for the latest rise in oil prices, while traders were also to blame. "The increase in oil prices is ...See all stories on this topic »
Kuwait Halts Oil Exports, Port Operations Due to Bad WeatherBloombergBy Fiona MacDonald - Wed Apr 20 13:42:24 GMT 2011 Kuwait, OPEC's fifth-biggest oil producer, temporarily halted all crude exports and port operations because of low visibility caused by a sandstorm, officials said today. “Oil exports were suspended ...See all stories on this topic »
India in talks with Indonesia, Kuwait for LNG supplyEconomic TimesNEW DELHI: India is in talks with Indonesia, Kuwait and Brunei for long-term import of liquefied natural gas (LNG) to feed its rapidly growing energy demand, which has attracted global energy giants such as BP . "Oil ministers of Kuwait, ...See all stories on this topic »
Kuwait expects 6 pct return on property portfolioReutersKUWAIT, April 16 (Reuters) - The Kuwait Investment Authority, the Gulf Arab state's sovereign fund, expects a minimum return of 6 percent from its 1 billion dinar ($3.62 billion) 5-year real estate portfolio, a KIA official said on Saturday. ...See all stories on this topic »
Kuwait index slides 45.8 pts on Kharafi's demiseArab TimesKUWAIT CITY, April 17: Kuwait stocks sagged Sunday weighed by demise of Kharafi Group Chairman, Nasser Al-Kharafi. The index shed 45.8 points in volatile trade led by Kharafi Group linked stocks. The market sentiments were downbeat even as investors ...See all stories on this topic »
Arab Times
Politics gets in way of targetFinancial TimesBy David Blair Beneath the desert south of Kuwait City, the Greater Burgan oilfields form one of the world's biggest concentrations of natural wealth. The wells of this region are the backbone of a hydrocarbon industry that provides Kuwait with more ...See all stories on this topic »
Kuwait diplomat dies in MoscowKuwait TimesKUWAIT: A Kuwaiti diplomat in Russia was found dead in a Moscow hospital yesterday, after disappearing for two days, a senior source at Kuwait's Foreign Ministry said. According to Russian medical sources who vowed to provide a medical report on the ...See all stories on this topic »
* Kuwait grants amnesty to illegal Sri LankansColombo PageApr 20, Colombo: The Kuwait government has declared a common amnesty for Sri Lankans who are illegally staying in Kuwait to leave the country without facing any legal actions, the state-run radio Sri Lanka Broadcasting Corporation (SLBC) said. ...See all stories on this topic »
A deep mistrust of difficult neighboursFinancial TimesBy David Blair When Kuwait's courts sentenced three men to death for alleged espionage last month, the government accused Iran of a “conspiracy to destabilise” the nation. The discovery of the supposed cell was followed by claims in the official press ...See all stories on this topic »
Judge Rules Fugitive In Kuwait Must ReturnKPHO PhoenixMuneerah Al Tarrah left the country for Kuwait after her arrest in 2005. She was convicted for killing Todd deGain, 35, of Mesa in a DUI accident. Al Tarrah asked that the judge drop the warrant so she could travel from Kuwait to Europe to get ...See all stories on this topic »
Kuwait: Nation Mourns as Nasser Al-Kharafi Laid to RestDaijiworld.comBy Hussain Al-Qatari Kuwait, Apr 19 (Kuwait Times): Thousands of people including high profile businessmen, politicians and diplomats from across the region attended the funeral of Kuwait's leading entrepreneur Nasser Al-Kharafi yesterday morning at ...See all stories on this topic »
Kuwait confirms Iran diplomats expelledZawya"We kicked them out," Sheikh Mohammed told reporters on the sidelines of a Gulf Cooperation Council-EU ministerial meeting in Abu Dhabi when asked about Iranian diplomats Kuwait had said it would expel. He did not provide their names, nor the number of ...See all stories on this topic »
Kuwait resumes oil exports after dust stormBusinessWeekThe Kuwait Petroleum Corp. says exports have resumed from the oil rich Gulf nation after being halted because of a dust storm. KPC spokesman Sheik Talal Al-Khaled Al-Sabah said in a statement posted on the company's Web site Thursday that loading of ...See all stories on this topic »
Japan's exports to Kuwait see biggest drop in 20 months after disasterZawya(With Photo) TOKYO, April 20 (KUNA) -- Japan's exports to Kuwait nosedived 53.6 percent from a year earlier to JPY 8.46 billion (USD 102.7 million) in March, as production was disrupted by the March 11 earthquake and tsunami, especially vehicles and ...See all stories on this topic »
Kuwait bourse gains momentum, index up 21.4 ptsArab TimesKUWAIT CITY, April 19: Kuwait stocks revved up on Tuesday extending the gains to the second consecutive day. The index rose 21.4 points in choppy trade led by select mid-priced stocks even as heavyweights closed mixed. The market mood was largely ...See all stories on this topic »
Christians in Kuwait observe Holy WeekKuwait TimesBy Ben Garcia, Staff Writer KUWAIT: Christians all over the world marked the beginning of Holy Week last Sunday, with masses/services celebrated in Kuwait in different languages. The [Catholic] Holy Family Cathedral and the National Evangelical Church ...See all stories on this topic »
Emirates ice hockey are the ones to beat in KuwaitThe NationalThe UAE national hockey team travel to Kuwait this weekend for the International Ice Hockey Federation Asian Challenge Cup looking to repeat their 2009 success. ABU DHABI // The national ice hockey team are the new favourites at the International Ice ...See all stories on this topic »
The National
Sudan: Dr. Ismail Hails Kuwait Role in Boosting DevelopmentAllAfrica.comAddressing a ceremony by the Union in honor of Kuwait Amabassador to Sudan , Dr Suleiman Abddalla Al Herbi, Wednesday, Dr Ismail commended Kuwait's role in hosting the donors' conference and making it a success. Dr Ismail has praised the donors' ...See all stories on this topic »
Naveed calls for cooperation to resolve oil price issueDaily TimesHe was addressing the Fourth Asian Energy Ministerial Roundtable Meeting here in Kuwait on Tuesday. The meeting is being attended by energy ministers and representatives from 18 Asian countries including Azerbaijan, Iran, India, Indonesia, Oman, UAE, ...See all stories on this topic »
'Kuwait firm in adoption of communications bill'Arab TimesKUWAIT CITY, April 20, (KUNA): Kuwait's Deputy Prime Minis-ter for Economic Affairs and Minister of State for Develop-ment Affairs Sheikh Ahmad Al-Fahad Al-Sabah said here Wednesday the government is serious about the adoption of a communication bill ...See all stories on this topic »
Bank of Bahrain and Kuwait reports net profits of BD11.7m for Q1 2011AME InfoMr. Murad Ali Murad, Chairman of the board of directors of Bank of Bahrain and Kuwait (BBK), announced April 17th BBK's financial results for the three months ended 31 March 2011, which revealed a net profit of BD11.7m compared to BD12.5m in 2010. ...See all stories on this topic »
Kuwait's Gulf Bank Q1 profit up at 9.8 mln dinarsReutersKUWAIT, April 19 (Reuters) - Kuwait's Gulf Bank (GBKK.KW) posted on Tuesday first- quarter net profit of 9.8 million Kuwaiti dinars ($35.43 million), up sharply from 0.5 million Kuwaiti dinars a year before. "By the end of the first quarter of this ...See all stories on this topic »
Partnerships Technical Bureau Promotes Investment and Finance Opportunities in ...PR Newswire (press release)- Major Opportunities for PPPs Available in Kuwait's Market, Driven by the $100bn National 5-Year Plan. In its strategy to promote and support increased private-sector participation in infrastructure development, the Government of Kuwait has ...See all stories on this topic »
Plans for Kuwait's metro system to be ready in a yearMiddle East North Africa Financial Network(MENAFN) Kuwaiti minister of communications, Mohammed Mohsen Al-Busairi, stated that the country expects the plans for its multi-billion dollar metro system to be completed in a year's time, reported Arabian Business. Al-Busairi also said that all ...See all stories on this topic »
No space to land, Kuwait-bound flight returns to city from MumbaiTimes of IndiaAHMEDABAD: For passengers of Indian Airlines Ahmedabad-Mumbai-Kuwait flight, it was a round trip to the Sardar Vallabhbhai Patel International Airport, without their consent. The flight which took off 90 minutes late from the international airport on ...See all stories on this topic »
Kuwait- Homes unsold as prices riseMiddle East North Africa Financial Network(MENAFN - Kuwait News Agency (KUNA)) Overly optimistic sellers increased their asking prices by 1.7 percent in April but potential buyers continued to stay away from the market, leading to a glut of unsold homes here, research indicated today. ...See all stories on this topic »
Kuwait to seek seizure of Iraq oil assetsAl-ArabiyaKuwait Airways will seek compensation from Iraq for having allegedly stolen its aviation equipment and 10 aircrafts during the first Gulf war. (File photo) By MUSTAPHA AJBAILI Kuwait Airways will seek compensation from Iraq for having allegedly stolen ...See all stories on this topic »
Al-Arabiya
Kuwait disapproves of foreign intervention in regionTehran TimesTEHRAN – Kuwait's Parliament speaker has called on regional countries not to allow foreigners meddle in their internal affairs. Jassem Mohammad Abdulmohsen Al-Kharafi made the remarks during a meeting with Alaeddin Boroujerdi, the chairman of the ...See all stories on this topic »
KPC: Global demand softens effect of Japan crisis on KuwaitPennEnergy- Energy News (press release)LOS ANGELES, Apr. 21 -- Current levels of global demand for oil would buffer the impacts of Japan's nuclear crisis on Kuwait, according to Abdelatif Al-Houti, Kuwait Petroleum Corp. (KPC) managing director for world marketing. Al-Houti told state media ...See all stories on this topic »
Microsoft launches Internet Explorer 9 in KuwaitistockAnalyst.com (press release)(Source: Middle East Company News)Microsoft Kuwait announced the launch of the latest version of the world's most-used browser with the release of Windows Internet Explorer 9 for consumers across the country. Using Internet Explorer 9, web users across ...See all stories on this topic »
Kuwait posts $31 bln preliminary budget surplusDaily Star - LebanonBy Fiona MacDonald KUWAIT: Kuwait posted a preliminary budget surplus of 8.6 billion dinars ($31 billion) in the fiscal year that ended March 31, its 12th consecutive surplus, as oil revenue was more than double the forecast. Revenue was 20.91 billion ...See all stories on this topic »
Montana's Detachment 41 deploys to KuwaitKRTV Great Falls NewsShe is one of 12 soldiers deploying to Kuwait in support of Operation New Dawn. The first group of 8 is lifting off together, while the other 4 members of the unit will leave Saturday, April 23. Montana Army National Guard Brigadier General John E. ...See all stories on this topic »
Buntara Sangha Kuwait holds get-togetherMangalorean.comKuwait April 18, 2011: Buntara Sangha Kuwait (BSK) with all its glory inaugurated their first event with “Bunts Get-Together” on Friday April 15, 2011 at the Canadian Bilingual School, South Khaitan. The function started with lighting the lamp followed ...See all stories on this topic »
Mangalorean.com
Soldier's dog returned after coming back from KuwaitNewsNet5.comMathatas's parents were watching Drew, an 8-year-old miniature dachshund, while their son was in Kuwait. They let the dog outside of their Brunswick home on March 12 and he never came back. "Eleven years in the Army, he's got a lot of friends all over ...See all stories on this topic »
NewsNet5.com
Naveed to represent Pakistan in Asian Ministerial moot in KuwaitPakistan TimesISLAMABAD: Prime Minister Syed Yusuf Raza Gilani has nominated Federal Minister for Privatization and Water and Power, Syed Naveed Qamar to lead a 3-member Pakistani delegation in a three-day Ministerial Roundtable Conference being held in Kuwait. ...See all stories on this topic »
The ruling family: A determination to hold on to powerFinancial TimesBy David Blair Just over 20 years ago, Kuwait's ruling al-Sabah family became the first dynasty in the modern history of the Gulf to succumb to foreign invasion. When Saddam Hussein's tanks rolled south on August 2 1990 and forcibly annexed Kuwait, ...See all stories on this topic »
Kuwait leader in autism researchArab TimesKUWAIT CITY, April 19, (KUNA): Kuwait is a leading country in the field of research and care for those with autism and many authorities and societies coordinate to improve services to this segment of society, stressed Director of Kuwait Autism Center ...See all stories on this topic »
Indian Ambassador hosts farewell partyKuwait TimesBy Sajeev K. Peter, Staff Writer KUWAIT: The outgoing Indian Ambassador Ajai Malhotra hosted a dinner reception at the Indian embassy on Tuesday evening to bid farewell to his Kuwaiti and Indian friends and diplomatic colleagues as he completes his ...See all stories on this topic »
Kuwait: KIG Pravasi Health Day - A Medical Camp with a difference!Mangalorean.comBy Ashraf Mohammed Kuwait, Apr 21: "Serve the mankind serve thy Lord" this slogan was transferred into practice by a team of doctors and devoted volunteers from KIG, IWA, Youth India and Students India, at Mangaf Najath School, when they conducted the ...See all stories on this topic »
Mangalorean.com
The sectarian methodology shall 'burn' Kuwait, peopleArab TimesTHE uprising in Bahrain and its consequences have affected Kuwait, as manifested in the presentation of sectarian interpellations for the first time in the political history of the country. I am amazed at how some people claim to have Christian friends ...See all stories on this topic »
Two Kuwait clubs flirt with Zamalek's unregistered MidoAhram Online“Two Kuwait clubs are in talks with Mido,” Saudi newspaper Al-Watan claimed. The gulf newspaper referred to the fact that Egypt's exceptional players' registering period had expired, unlike Kuwait's. Mido signed a three-and-a-half-year contract with ...See all stories on this topic »
Guard unit leaves Saturday for KuwaitHelena Independent RecordA dozen soldiers from the Montana Army National Guard's Detachment 41, an Army Aviation fixed wing unit, are about to leave for Kuwait in support of Operation New Dawn. Eight of the 12 will leave Helena at 6 am Saturday from the Army Aviation Support ...See all stories on this topic »
Iran insists OPEC should not raise crude output to curb gasoline pricesInternational Business TimesThe Iranian move is aimed to scuttle the chances of US allies Saudi Arabia, Kuwait and the UAE expanding their crude output in the aftermath of the Libyan conflict and the widespread Middle East unrest which have caused crude price surge in recent ...See all stories on this topic »
International Business Times
Reserve officer pleads guilty in child porn caseWashington TimesBy Matthew Cella A Maryland man pleaded guilty in US District Court for the District on Wednesday to a count of distribution of child pornography that occurred last year while he was on active duty with the US Army Reserve in Kuwait and Iraq. ...See all stories on this topic »
Washington Times
Kurds sold out, now Libya's rebelsBerkshire EagleAfter destroying Saddam's forces and driving them in shambles out of Kuwait, George HW Bush established a "No-Fly Zone" over Iraq and told the Iraqis that if they did not want Saddam to rule their country anymore, they should revolt. ...See all stories on this topic »
Kuwaiti MP calls for boycott of French productsGulfNews"We will discipline President Nicolas Sarkozy who has never respected Muslims or relations and friendship with Muslim countries," he told reporters in Kuwait City. The boycott would be launched next month, he said. "We will push to make it as wide as ...See all stories on this topic »