Libya's rebel council says gets $177 million from KuwaitReutersBy Eman Goma KUWAIT (Reuters) - Kuwait will contribute 50 million Kuwaiti dinars ($177.2 million) to Libya's rebel council to help pay salaries in the breakaway east of the country, a rebel leader said on Sunday. "His Highness the Emir gave us a ...See all stories on this topic »
Bahrain expels Iranian diplomatBBC NewsLast month Kuwait expelled three Iranian diplomats for alleged involvement in a spy ring. The latest expulsion comes amid increasing tensions between Sunni-led Bahrain and predominantly Shia Iran. Relations between Manama and Tehran worsened in March, ...See all stories on this topic »
BBC News
Profits slump at Kuwait's top Islamic bankAFPKUWAIT CITY — Kuwait Finance House, the emirate's leading Islamic bank, said Sunday its net profit in the first quarter slumped 26.9 percent on year as the lender made more precautionary provisions. KFH posted 22.6 million dinars ($81.6 million) in ...See all stories on this topic »
AFP
Kuwait's Global wins $300 mln from UAE bankAFPKUWAIT CITY — Dubai appeals court on Monday ordered a UAE bank to repay a deposit worth $250 million plus interest to Kuwait's Global Investment House, ending a long dispute, the Kuwaiti firm said. The dispute dates back to August 2008 when Global ...See all stories on this topic »
Egypt seeking loans from IMF, World Bank: ministerAFPKUWAIT CITY — Egypt is talking to the International Monetary Fund and the World Bank to secure loans worth around $6 billion, Cairo's Finance Minister Samir Redwan said on Tuesday. "We are negotiating with IMF for loans of between $3-4 billion and ...See all stories on this topic »
AFP
Kuwait Energy Sells 22 Percent Stake in Egyptian Oil ConcessionBloombergBy Glen Carey - Sat Apr 23 10:13:24 GMT 2011 Kuwait Energy Co. sold a 22 percent stake in Egypt's Abu Sennan oil concession to Beach Energy Ltd. (BPT) in Australia, leaving it with 50 percent of the business, it said in an e-mailed statement today. ...See all stories on this topic »
Saudi prince settles land row with EgyptAFPKUWAIT CITY — Saudi Prince Alwaleed bin Talal announced Sunday an agreement has been reached on returning most of his disputed agricultural land in Egypt back to the government. Alwaleed said he would return 75000 out of a 100000-acre (40469 hectare) ...See all stories on this topic »
AFP
Kuwait Concerned About High Oil Prices, KOC Chairman Tells KUNABloombergBy Fiona MacDonald - Wed Apr 27 04:28:30 GMT 2011 Kuwait favors oil price stability and the “unjustifiable” rise in prices is a cause of concern for consumers and producers, KUNA reported, citing Kuwait Oil Co. Chairman Sami al-Rushaid. ...See all stories on this topic »
Kuwait Egyptians urge PM to fire ambassadorKuwait TimesBy B Izzak, Staff Writer KUWAIT: Hundreds of Egyptian residents of Kuwait yesterday gave a resounding welcome to their first prime minister in the post-Mubarak era, Essam Sharaf, but made several demands including a call to fire the Egyptian ambassador ...See all stories on this topic »
Kuwait NMTC Climbs to Highest Since August 2008 as First-Quarter Net SoarsBloombergThe shares rose 5.2 percent to 2020 fils at 10:10 am in Kuwait city. Net income rose to 285 million dinars ($1 billion) from 16 million dinars a year earlier, the company said in a statement to the Kuwait bourse today. Total assets increased to 1.4 ...See all stories on this topic »
Egyptians in Kuwait call for ouster of their ambassadorArab TimesKUWAIT CITY, April 27: “Raise your head, you are Egyp-tian” is the chant that greeted Egyptian Prime Minister, Dr. Essam Sharaf, as he entered Abdullah Al-Jaber Hall at Kuwait University on Wed-nesday. A large number of the audience further chanted ...See all stories on this topic »
Arab Times
Kuwait Finance Allocates RM2 Million To Provide Interest Free Loans To Single MumsBernamaKOTA BAHARU, April 26 (Bernama) -- Kuwait Finance House (Malaysia) Bhd (KFHMB), the country's first foreign Islamic bank, has launched an interest free loan scheme for single mothers to start businesses in Kelantan. It has allocated RM2 million in ...See all stories on this topic »
Fear overwhelms expats entering employment sector in KuwaitKuwait TimesBy Ben Garcia, Staff Writer KUWAIT: Although Kuwait and Saudi Arabia have not been affected by the current political upheavals sweeping the Middle East, one sector of the countries' economies have been hit hard; human resources. ...See all stories on this topic »
Kuwait attends WHO forumKuwait TimesMOSCOW: The World Health Organization (WHO) Global Forum which is addressing the challenge of non-communicable diseases - kicked off here yesterday, with the attendance of Kuwait's Health Minister Dr Hilal Al-Sayer. Dr Margaret Chan, Director General ...See all stories on this topic »
Kuwait consumes most water per head worldwide: KISRKuwait TimesKUWAIT: Kuwait has recorded the highest water consumption level globally, at around 500 liters per capita, said an official at Kuwait Institute for Scientific Research (KISR) yesterday. Dr. Khalid Al-Barrak, the head of KISR's Water Science Department, ...See all stories on this topic »
Kuwait Development PlanZawyaKuwait's oil-dependent economy needs the $104-bn Kuwait Development Plan to shake off its lethargy. But the plan may become another victim of the country's political stalemate. Hopes of a Kuwaiti economic renaissance rose after the launch of an ...See all stories on this topic »
Zawya
Iraq to resume paying war reparations to KuwaitAhram OnlineOne of the accounts will hold 95 per cent of Iraq's government income, the vast majority of which comes from oil exports, while the second account, holding five per cent of Iraq's revenues, will deal with war reparations to neighbouring emirate Kuwait. ...See all stories on this topic »
Kuwait, Jordan mull enhancing economic tiesKuwait TimesKUWAIT: Minister of Commerce and Industry Ahmad Rashed Al-Haroun discussed bolstering bilateral economic and trade relations with visiting Jordanian counterpart Hani Mulqi yesterday. Following the meeting, Al-Haroun revealed the development of economic ...See all stories on this topic »
'Kuwait, Gulf beware Iran'Arab TimesKUWAIT CITY, April 27: The current political behavior of Iran is a clear proof that it is bent on implementing its expansionist agenda in the region, says MP Mubarak Al-Waalan. Besides the illogical policies of Iran, Al-Waalan believes the recent ...See all stories on this topic »
Japan's industry minister thanks Kuwait for oil aidistockAnalyst.com (press release)Japanese industry minister Banri Kaieda on Wednesday thanked Kuwait for offering 5 million barrels of crude oil and oil products in grant aid to Japan to help the country recover from the March 11 earthquake and tsunami. ...See all stories on this topic »
Kuwait- Measures taken to avoid summer power outageMiddle East North Africa Financial Network(MENAFN - Kuwait News Agency (KUNA)) The Ministry of Electricity and Water is to provide an additional 2200 megawatt of energy for the summer season to avoid power outage or restrictions, the minister said. Minister Bader Al-Shreiaan said there is less ...See all stories on this topic »
UPDATE 1-UAE's Etisalat CFO resignsReutersAD), which scrapped a $12 billion takeover of Kuwait's Zain (ZAIN.KW) last month, said its group chief financial officer has resigned due to personal reasons. Salem Al Sharhan will leave on May 3, the Middle East's largest telecoms firm by value said ...See all stories on this topic »
Egypt wants Kuwait support for Arab League positionGulfNewsBy Habib Toumi, Bureau Chief Manama: Egypt has asked Kuwait to vote for its candidate for the position of the secretary general of the Arab League, Kuwaiti media reported on Wednesday. Amr Mousa, the incumbent secretary general, said that he would be ...See all stories on this topic »
Indianapolis prepares for Kuwait officials' visitIndianapolis StarA Kuwait delegation will visit the Indianapolis Division of Homeland Security Emergency Operations Center on Wednesday, the city announced today. The delegation will be provided with an overview and training of Emergency Operations Center technologies ...See all stories on this topic »
Al Wehdat 1-0 Kuwait Sports ClubThe Official Home of Asian FootballAmman: Al Wehdat clinched their place in the last 16 of the AFC Cup with a 1-0 win over Kuwait Sports Club at King Abdullah International Stadium. The Jordanians had seen off their Kuwait rivals in impressive fashion 3-1 two weeks ago and went into the ...See all stories on this topic »
The Official Home of Asian Football
Kuwait Wataniya Q1 profit soars to $1bnGulf TimesKuwait's National Mobile Telecoms Co (Wataniya) yesterday said its first quarter net profit soared to 285.1mn Kuwaiti dinars ($1.03bn), from KD16.2mn in the year ago period, as the company consolidated its increased investment in its Tunisian unit. ...See all stories on this topic »
Tulu Koota Kuwait's Rasamanjari - 2011 on April 29Daijiworld.comKuwait, Apr 28: Rasamanjari Artists Arrived in Kuwait and the much-awaited “Rasamanjari - 2011” is at its threshold and will be held at American International School, Maidan Hawally here on Friday April 29 from 4.30 pm. Talented artists from Mangalore ...See all stories on this topic »
Daijiworld.com
Kuwaiti royal calls for democracy inside 'own house'CNNBy Dan Lothian and Erika Dimmler, CNN Washington (CNN) -- Sheikh Fahad Al Salem is a royal member of Kuwait's wealthy ruling family. It's a posh life that affords him an entourage and a sprawling five-star hotel suite during his recent visit to ...See all stories on this topic »
CNN
KU hosts exhibition on Kuwait-American tiesZawyaBy Nawara Fattahova, Staff Writer KUWAIT: The American Studies Unit (ASU) of the College of Social Studies at Kuwait UniversityKuwait University (KUKU) held a one day exhibition titled, 'Kuwaiti and American Relationships' yesterday on its premises in ...See all stories on this topic »
Kuwait's CBK first-quarter profit $4.6 mlnReutersKUWAIT, April 25 (Reuters) - Commercial Bank of Kuwait (CBKK.KW) on Monday posted a quarterly net profit of 1.3 million dinars ($4.6 million), a company statement to the bourse said, after reporting a net loss in the prior-year period. ...See all stories on this topic »
Global Holders Agree to Cancel $364 Million Capital IncreaseBloombergBy Dahlia Kholaif and Fiona MacDonald - Thu Apr 28 12:53:10 GMT 2011 Shareholders in Global Investment House KSCC (GLOBAL), Kuwait's biggest investment bank, approved today cancelling a plan to raise its capital by 100 million dinars ($364 million). ...See all stories on this topic »
Kuwait: KKMA Chairman selected for Garshom Pravasi Ratna AwardMangalorean.comBy SM Farooq, Kuwait Kuwait, Apr 25: Garshom Awards for 2010 have been announced. Mr. Sageer Trikarpur, Chairman of Kuwait Kerala Muslim Association, the largest social welfare association of Indian nationals in Kuwait was selected for the prestigious ...See all stories on this topic »
Mangalorean.com
Kuwait Energy sponsors forum on Kuwait-Iraq economic relations by American ...AME InfoKuwait Energy Company announced that it is sponsoring a seminar on the 'Kuwait and Iraq together towards a bright future' organized by the Gulf Studies Center of the American University of Kuwait (AUK), which will take place on Wednesday, April 27, ...See all stories on this topic »
University students from Kuwait to compete in regional finals of Microsoft's ...AME InfoMicrosoft Kuwait today announced that four teams from leading universities in the country have qualified for the regional finals of Microsoft's premier technology competition, Imagine Cup 2011. The teams selected represent Kuwait University and ...See all stories on this topic »
UN panel pays out $880 million in reparations for Iraq's invasion of KuwaitUN News Centre28 April 2011 – The United Nations Compensation Commission (UNCC), which settles the damage claims of those who suffered losses due to Iraq's 1990 invasion of Kuwait, today made $880 million available to nine successful claimants. ...See all stories on this topic »
Hancock man pleads guilty to child porn distributionThe Herald-MailA Hancock man pleaded guilty in federal court last week to distribution of child pornography while he was on active duty in Kuwait and Iraq, according to a news release on the FBI's website. Christopher Medovich, 28, of Hancock, pleaded guilty ...See all stories on this topic »
Kuwait's Burgan Bank Q1 net profit rises to $42.9mArabianBusiness.comBy Reuters Kuwait's Burgan Bank, the commercial banking arm of Kuwait Projects Co (KIPCO), posted a more than ten-fold increase in its first quarter net profit. Net income in the three months to March 31 came in at KD11.8m ($42.92m), from KD1.06m in ...See all stories on this topic »
Kuwait exports 13.3% more crude to ChinaMiddle East North Africa Financial Network(MENAFN) Kuwait's General Administration of Customs reported that China's imports of crude oil from Kuwait increased by 13.3 percent last March, month on month, thus hitting 172000 barrels per day (bpd), reported Kuna. The administration stated that ...See all stories on this topic »
Kuwait firms urged to bid for seven Saudi projectsConstruction Week OnlineTenders worth $300m for seven Saudi real estate projects are being been promoted heavily in Kuwait this week, according to the Kuwaiti Real Estate Company. Kuwait construction companies have been urged to submit bids for the projects, which include ...See all stories on this topic »
Construction Week Online
Kuwait- Electronic inspection system to be installed at airportMiddle East North Africa Financial Network(MENAFN - Arab Times) Travellers via Kuwait International Airport will be furnished soon with an electronic print service in exchange for a token fee, a security official announced on Saturday. Major General Ibrahim Al-Rusheid said in a statement to ...See all stories on this topic »
Kuwait: KOC organizes Cricket MatchMangalorean.comBy Gasper Almeida, Kuwait Kuwait, Apr 24: KOC Cricket Committee (KOC CC) organized a cricket match between Indian Embassy XI (IE XI) and KOC CC (KOC XI) on Saturday, 16th April, 2011 at KOC's Ahmadi Cricket ground. KOC XI won the toss and invited IE XI ...See all stories on this topic »
Mangalorean.com
UASC signs $140m loan with Gulf BankArab TimesKUWAIT CITY, April 26: United Arab Shipping Company (UASC) announced today concluding a bilateral transaction of $140 million as a senior term loan facility with Gulf Bank, Kuwait. The proceeds from this transaction will be invested in UASC's growth ...See all stories on this topic »
Arab Times
Somaliland's Silanyo touches down in Kuwait with red-carpetSomalilandPressKUWAIT — The Somaliland President arrived in the Gulf nation of Kuwait on Tuesday to meet with senior officials, aid agencies and investors in the region. President Ahmed M. Silanyo and his five member delegation were received at Kuwait International ...See all stories on this topic »
A Tale of Two Hospitals: Kuwait 1991, Bahrain 2011TruthdigNayira, the tearful 15-year-old who had so convincingly recounted the atrocity, turned out to be the daughter of the Kuwaiti ambassador to the United States; she had never been in Kuwait after the Iraqi invasion. By the time that was discovered, ...See all stories on this topic »
US Ambassador insists on protecting intellectual property rightsKuwait TimesBy Nisreen Zahreddine, Staff Writer KUWAIT: Regulating and protecting intellectual property rights will help protect the technologies of tomorrow and provide jobs for young graduates, said US Ambassador to Kuwait Deborah Jones. ...See all stories on this topic »
Toby Keith tweets from Kuwait, making his ninth USO trip to the Middle EastNewsOK.com (blog)T.” He then posted on Twitter a picture of him posing with Air Force staff “in pax terminal in Kuwait.” (My understanding is PAX generally stands for air passengers in USAF parlance.) Keith began volunteering with the USO in 2002 and has lifted the ...See all stories on this topic »
NewsOK.com (blog)
Ryan Crocker: Far From the Inland EmpireSeattle Post Intelligencer (blog)He served as US Ambassador to Iraq, and has done past stints as our man in Lebanon, Kuwait, Syria and Pakistan. Sen. Maria Cantwell, D-Wash., hailed nomination of the “esteemed and highly decorated career diplomat,” saying that US troop draw downs ...See all stories on this topic »
Stories like this just warm your heartBoston Globe (blog)The Army private's original copy of Harold and the Purple Crayon traveled with him to a Kuwait military base. Held together in places by masking tape, the well-worn children's book continues to draw him a path home, and has managed to connect him to ...See all stories on this topic »
Muthanna Investment Company Closes on Third U.S. Government Leased Office BuildingPR Newswire (press release)GREENWICH, Conn., April 22, 2011 /PRNewswire/ -- Muthanna Investment Company, a Kuwait-based investment firm, announced the close of its third US government leased office building, having acquired more than $80 million of assets in the US in the past ...See all stories on this topic »
