Kuwait Asks Dubai to Release Funds Frozen in Money Laundering Probe
Kuwait’s prosecutors have asked Dubai to release $500 million (£385.2 million) in funds belonging to a Kuwaiti private equity fund that were frozen as part of a money laundering investigation, according to a letter seen by Reuters.
Bahrain Defence Force Participates in Military Maneuvers in Egypt
Bahrain Defence Force (BDF) is taking part in the "Arab Shield 1" joint drill which is held in Egypt till November 16.
Oil Output from Saudi, Kuwait Shared Zone on Hold as Relations Sour
Saudi Arabia and Kuwait will struggle to resume oil production from jointly operated fields any time soon due to operational differences and souring political ties between the previously close Gulf OPEC allies, sources familiar with the matter said.
Saudi Arabia, Emirates and Kuwait to Weigh $10bn Aid Package for Bahrain: Bloomberg
Bahrain’s Gulf Arab allies are weighing plans for a five-year aid package to steady its finances and protect a currency peg seen as vital to regional economic stability, Bloomberg reported according to people with knowledge of the matter.
Kuwaiti Sergeant Detained for Forging Secondary School Degree from Bahrain, Fined 700,000 Dinars
Kuwaiti Al-Seyassah Newspaper reported that a criminal court ruled on Wednesday, July 25, 2018, imprisoning a military person in the Ministry of the Interior who has the rank of "first sergeant" for 5 years.
Kuwait's Highest Court Reduces MPs' Jail Sentences
Kuwait’s highest court on Sunday reduced jail terms for two lawmakers and a prominent opposition politician who forced their way into the parliament building in 2011.
Hamad bin Isa Praises Stances of Saudi Arabia, Emirates and Kuwait in Supporting Bahrain’s Finance
King Hamad bin Isa Al Khalifa praised the attitude of Saudi Arabia, Emirates and Kuwait to support financial situation in Bahrain, one week after the 3 states announced giving financial aids to Bahrain to help it overcome its financial crisis.
Kuwait to Raise Oil Output by 85,000 bpd: Minister
Kuwait will raise oil output by 85,000 barrels per day (bpd)starting on Sunday, part of an agreement between OPEC and non-OPEC producers to increase production by one million bpd, Energy Minister Bakhit al-Rashidi told a local newspaper on Saturday.
Boeing Wins $1.5 Billion U.S. Defense Contract: Pentagon
Boeing Co has been awarded a $1.5 billion contract for the production and delivery of 22 F/A-18E and six F/A-18F Super Hornet planes in support of the government of Kuwait, the Pentagon said on Wednesday.
OPEC/Non-OPEC Monitoring Committee to Look at Oil Output Increase: Kuwait
Kuwait's energy minister said a joint OPEC and non-OPEC monitoring committee would look at how oil output increases will be allocated among producers, the official news agency KUNA reported late on Saturday.
Kuwait's Al Mawashi Looking beyond Australia for Sheep Imports
Kuwait’s Livestock Transport and Trading (Al Mawashi) is in talks with possible new livestock suppliers after an Australian lawmaker proposed legislation to ban the export of live sheep, its chief executive said on Wednesday.
Kuwait Energy Appoints Adviser as It Looks to Sell Iraq Asset
Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in southern Iraq and a spin-off of Egyptian assets, sources familiar with the matter said.
Kuwait to Postpone VAT Implementation to 2021, Says Parliament Committee
Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax, parliament’s budget committee said in a statement posted on the assembly’s website on Tuesday.
Kuwaiti Grant for Constructing 314 Housing Units in Northern City
Kuwait has offered a new financial grant as part of its share in the “Gulf Marshall” project for building 314 housing units in the Northern City.
Kuwait Airways Stops Beirut Flights after Security Warning
Middle East carrier Kuwait Airways said on Thursday it had stopped all flights to Beirut after a warning about flying close to Lebanese airspace.
Kuwait Oil Company Dealing with an Oil Leak in Al Ahmadi Province
Kuwait Oil Company (KOC) said on Tuesday it was dealing with an oil leak in a well in Al Ahmadi governorate in the south of the country.
Kuwait Court Sentences Couple to Death for Maid Murder
A Kuwaiti court on Sunday sentenced in absentia a Lebanese man and his Syrian wife to death by hanging over the murder of a Filipina maid, a judicial source said.
Kuwait Plans $6.6 Billion Industrial City
Kuwait’s Public Authority for Industry (PAI) plans to set up a multi-purpose industrial city in the Gulf Arab state with total expected investments of $6.6 billion, an official said on Wednesday.
Reuters: Kuwait Reaches Deal with Philippines on Domestic Workers
Kuwait and the Philippines have signed an agreement regulating some working conditions for domestic workers in the Gulf State, Kuwait’s state news agency KUNA reported on Saturday.
World Happiness Index 2018: All Gulf States Happier than Bahrain, Except Kuwait
Bahrain ranked the penultimate place among Gulf States on World Happiness Index 2015-2017.