Kuwait « 9/18 « | Kippreport.com

Kuwait budget surplus rises to $15B April-May

Surplus accounts for 11.4 percent of GDP; Revenue 4.8 billion dinars vs spending of 648 million dinars

September 19, 2011 11:07

Kuwait’s NBK, KFH deny derivatives trading

Kuwait's biggest lenders National Bank of Kuwait and Kuwait Finance House denied on Sunday reports that they were putting customers' money at risk by trading in derivatives.

September 19, 2011 10:50

Kuwait’s Global seeks new debt deal from creditors

Creditor committee set up for new restructuring talks; Evercore Partners to advise Global - source; Only $200 million of $1.7 billion repaid so far - source

September 18, 2011 10:36

Kuwait financial sector may draw money launderers – IMF

Rapid growth of Kuwait's financial sector could create an attractive environment for money launderers and terrorism financiers, the International Monetary Fund said in a report.

September 5, 2011 10:23

Kuwait resumes full crude supply to Asia from July

Kuwait to supply full contractual supply for Q4, steady vs Q3; Follows OPEC's failure to agree on output hike in June

August 29, 2011 4:59

Kuwait emir says misuse of budget surplus led to imbalances

"The misuse of surplus and not investing it in the right direction has led to structural imbalances in our economy and threatens the future of the country in the implementation of programmes and financial obligations," Emir Sheikh Sabah al-Ahmad al-Sabah said.

August 15, 2011 3:44

Business of…Kuwait Airways

With Kuwait Airways’ stake sale likely to be the first privatisation of a Gulf-owned carrier (if anyone actually shows interest), Kipp looks at what could have happened that has led the airline to its downward spiral.

August 4, 2011 11:50

Will anyone be interested in Kuwait Air? Analysts say no

Kuwait Airways seeking investor for $280 mln stake sale; Airline offering 35 pct of its share capital; Limited interest seen-analysts

August 2, 2011 11:49

Kuwait Annual Inflation Slows To 10-Month Low On Food

Inflation at 5.0 pct y/y in June vs 5.4 pct y/y in May; Food prices fall 0.6 pct m/m in June, transport up 1 pct

July 28, 2011 9:12

Next week: A sideways GCC market and Egypt on a rollercoaster

Investors flock to smaller markets as the GCC feels shockwaves from the Euro crisis. Kuwait is volatile while Saudi Arabia shows healthy signs of life. Reuters analysts share their forecasts.

July 21, 2011 12:42

Batelco, Kingdom sign term sheet with Zain Saudi

Batelco, Kingdom sign term sheet with Zain Saudi to buy quarter-stake; Follows similar agreement with seller Kuwait's Zain in April.

July 20, 2011 10:28

Kuwait cbank says govt needs to boost spending-TV

Imbalances include over-dependence on oil; Lenders still see risk; Central bank in talks with CMA

July 20, 2011 10:16

Zain Saudi deal could be completed in eight weeks -Batelco CEO

Despite losses forecast in Q2 for Zain Saudi, Batelco’s deal to buy the telco firm in a $950m JV with Kingdom Holding is expected to wrap up in two months.

July 14, 2011 1:00

Cutting ties: The Etisalat DB fiasco is a lesson for firms looking for global expansion

Dropped bids in Syria and Kuwait and now in a legal wrangle in India, Etisalat isn't stopping global rollout as it strengthens Chinese ties. Precious de Leon reports.

July 14, 2011 12:08