Kuwait News

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Kuwait News
Kuwait football chief hails FIFA reforms -Kuwait football chief hails FIFA reformsKuwait News AgencyBy Abdulwaheb Al-Gueyed (with photos) BUDAPEST, May 25 (KUNA) -- President of the Kuwait Football Association (KFA) Sheikh Talal Fahad Al-Sabah hailed the adoption of international footballing governing body internal reforms at the 62nd FIFA Congress ...and more »
Posted on 25 May 2012 | 7:30 pm
Promised jobs, over 100 Indian boys dupedPromised jobs, over 100 Indian boys duped and abandoned in KuwaitIndia TodayMore than 100 youngsters from Punjab and other states, who were lured to Kuwait with the promise of employment, have been stuck in the foreign country after their prospective employers did not fulfill their promise. These boys were sent to Kuwait in ...More than 100 Indian youths stuck in KuwaitDeccan Heraldall 2 news articles »
Posted on 25 May 2012 | 4:49 pm
Kuwait: reforms ignored in blame game -Kuwait: reforms ignored in blame gameFinancial Times (blog)Foreign investors have all but abandoned Kuwait as political wrangling and instability deter buyers from being active in the market. There was some hope that this parliament could get the economy moving but with all the attention focused on their ...
Posted on 25 May 2012 | 3:37 pm
Kuwait Market Regulator Sets June 30 forKuwait Market Regulator Sets June 30 for Investment LawBloombergKuwait's Capital Markets Authority said investment funds have until the end of June to comply with a law regarding ownership of securities. The CMA “gives notice to all licensed persons of the need to settle funds investing in securities before June 30 ...and more »
Posted on 25 May 2012 | 10:26 am
Kuwait Petroleum Said to Start NaphthaKuwait Petroleum Said to Start Naphtha Supply Talks in JuneBloombergKuwait Petroleum Corp. plans to hold meetings with buyers in London next month to discuss term contracts for a year's supply of naphtha starting in August, according to three people with knowledge of the talks. The talks will take place from June 4 in ...
Posted on 25 May 2012 | 4:06 am

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Kuwait News
Kuwait to finance Yemeni projectSANAA, Yemen, May 27 (UPI) -- The Kuwait Fund for Arabic Economic Development said Sunday it would finance Yemen's electricity distribution project to a value of $30 million.
Posted on 27 May 2012 | 5:22 pm
Kuwait FM target of no confidence voteKUWAIT CITY, May 26 (UPI) -- Amid allegations of corruption, Kuwaiti lawmakers passed a no confidence vote against the finance minister.
Posted on 26 May 2012 | 5:37 pm
Kuwait finance minister quits afterKUWAIT (Reuters) - Kuwait's finance minister resigned on Thursday after opposition lawmakers accused him in parliament of failing to deal with alleged financial irregularities in his departments. Mustapha al-Shamali, who served as finance minister from 2007 and has worked in the ministry for more than four decades, denied allegations of mismanagement on his watch. The 69-year-old's resignation ...
Posted on 24 May 2012 | 7:56 pm
Kuwait's finance minister quits afterKuwait's Finance Minister Mustafa al-Shamali resigned on Thursday following a marathon grilling in which opposition MPs accused him of wide-ranging financial irregularities.
Posted on 24 May 2012 | 7:25 pm
Kuwait finmin resigns after push byKUWAIT (Reuters) - Kuwait's Finance Minister Mustapha al-Shamali resigned on Thursday after a questioning session led by opposition lawmakers over alleged financial irregularities in departments he oversees. The 69-year-old Finance Ministry veteran repeatedly had denied allegations of mismanagement on his watch. His resignation marked fresh political discord between the government and parliament ...
Posted on 24 May 2012 | 7:00 pm

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Kuwait News
Kuwait to finance Yemeni project - UnitedSANAA, Yemen, May 27 (UPI) -- The Kuwait Fund for Arabic Economic Development said Sunday it would finance Yemen's electricity distribution project to a value of $30 million. On the sideline of Yemen Friends conference which took place Wednesday ...
Posted on 27 May 2012 | 5:06 pm
Italy-Kuwait: Massari ends tour of Gulf in(ANSAmed) - ROME, MAY 24 - The Italian Foreign Ministry's special envoy, Maurizio Massari, was in Kuwait yesterday to discuss issues including the strengthening of bilateral political dialogue between Italy and Kuwait, in the common interest of regional ...
Posted on 25 May 2012 | 10:27 am
Kuwait Petroleum Said to Start NaphthaKuwait Petroleum Corp. plans to hold meetings with buyers in London next month to discuss term contracts for a year’s supply of naphtha starting in August, according to three people with knowledge of the talks. The talks will take place from ...
Posted on 25 May 2012 | 4:08 am
Kuwait plans new refinery - AME InfoKuwait National Petroleum Co (KNPC) has announced plans to float tenders in the coming weeks for a new $14.5bn refinery at Al Zour, Saudi Gazette gas reported. The new plant, which will have a capacity of 615,000 barrels per day (bpd), is expected to be ...
Posted on 24 May 2012 | 11:57 pm
Dow says wins $2.16 billion in Kuwait(Reuters) - An arbitrator ruled Kuwait's state-run chemical company must pay Dow Chemical Co $2.16 billion for wrongly canceling a planned plastics joint venture in 2008, Dow said on Thursday. The International Chamber of Commerce's ...
Posted on 24 May 2012 | 7:47 pm