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Tag: Kuwait

Posted on April 1, 2023

Kuwait Jails Defendants in One of Largest Money Laundering Cases

The Criminal Court in Kuwait ruled that a member of the ruling family, his partner, and two expatriates be imprisoned for 10 years, and a lawyer for 7 years, obliging them to return one billion dollar …
Posted on March 30, 2023

US Army veteran recalls night 101st Airborne Division was ambushed by one of its own before Iraq invasion

Retired Army Command Sgt. Maj. Bart Womack described the night when a comrade attacked his fellow soldiers in Kuwait as they prepared for the Iraq invasion.
Posted on March 29, 2023

Kuwait Wealth Fund Sells €1.4 Billion of Mercedes Shares

(Bloomberg) — The Kuwait Investment Authority launched a sale of about 20 million shares in Mercedes-Benz Group AG — roughly a quarter of its stake — after the carmaker’s stock almost quadrupled over …
Posted on March 27, 2023

‘I made up excuses to avoid sex with my husband – the pain was excruciating’

Remi’s menopause symptoms began with hot flushes in her early fifties – which at the time she thought was just because of the scorching temperatures of Kuwait in Western Asia. The now-property …

( read original story …)



Posted on March 26, 2023

‘Great misery’: Kuwait political crisis drags down economy

A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting basic services and causing mounting public concern. Despite its large oil reserves, hospitals …
Posted on March 25, 2023

UAE to improve commercial connectivity, trade with Kuwait

AD Ports Group today announced the launch of a new direct shipping service dedicated to Ro-Ro, between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port.
Posted on March 25, 2023

San Marino, Kuwait Initial An Agreement On Investment Protection

The Kuwaiti embassy said in a statement to Kuwait News Agency (KUNA) Friday that the Assistant Undersecretary at the Ministry of Finance, Osama Jassem Al-Qassar, and the Director of Economic Affairs …
Posted on March 22, 2023

Pakistan averts default on payments to Kuwait

Sources in the finance ministry said there were verbal instructions to the accountant general of Pakistan revenue (AGPR) to delay the clearance of some non-salary bills for a few weeks to create …
Posted on March 21, 2023

Egypt Rejects Israeli Minister’s Remarks On Palestine

(MENAFN- Kuwait News Agency (KUNA)) CAIRO, March 20 (KUNA) — Egyptian Foreign Ministry condemned as ‘irresponsible and provocative’ the remarks of Israeli finance minister that there were no such a …
Posted on March 20, 2023

Digital Islamic bank Nomo plans aggressive expansion into UAE and Saudi Arabia with local partners

Nomo currently has an operational setup only in Kuwait, though it caters to customers in the entire Middle East through its digital app Digital Islamic bank Nomo plans aggressive expansion into UAE …

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