Sheikh Sabah was arrested on July 8 for money laundering Abu Dhabi: Arrested on charges of money laundering, influence peddling and squandering public funds, Sheikh Sabah Jaber Al Mubarak Al Sabah – …
Kuwait: 10 members of parliament file vote of no-confidence against Minister of Finance
During Tuesday’s National Assembly meeting, 10 members of parliament filed a motion of no-confidence against the Minister of Finance, Barrak Al Shitan, local Kuwaiti media reported. The National …
Middle Eastern Family Businesses’ main concerns are cash flow and digital transformation- Survey
The survey takes a snapshot of key areas of concern to multi-generational family firms from Algeria, Bahrain, the UAE, Egypt, Jordan, KSA, Kuwait, Lebanon, Morocco, Oman, Qatar, Sudan, Tunisia and …
Kuwait’s $112bn pension fund has cash to burn after revamp
The Public Institution for Social Security had a record investment profit of $7.3 billion in the three months through June Kuwait’s $112 billion pension fund plans to boost investments in private …
Kuwait Starts Laying Off Expats Working in the Public Sector
Several Kuwaiti government ministries have started to lay off expatriate workers, according to a report on Tuesday by Al-Rai newspaper.
Coronavirus: Kuwait reports 651 new Covid-19 cases
The Kuwait health ministry on Wednesday reported 651 new cases of the Covid-19 coronavirus, along with 580 recoveries. Three new deaths were also reported. This takes the total number of cases in the …
Kuwait’s $112 Billion Fund Has Cash to Spend After Revamp
(Bloomberg) — Kuwait’s $112 billion pension fund plans … the unit was split into eight departments from three. Former Finance Minister Anas Al-Saleh triggered the restructuring process …
Kuwait’s Alafco will take only 20 of its Boeing 737 MAX orders
Alafco’s owners include Kuwait Finance House, Gulf Investment Corporation and state airline Kuwait Airways, according to its website. Get Breaking News Alerts From Gulf News We’ll send you …
Kuwait emir’s health shows ‘significant improvement’ – PM
The health of the Kuwait’s 91-year old emir has shown “significant improvement”, parliament quoted the prime minister as saying in a tweet on Tuesday.
Egypt contains crisis with Kuwait over flag burning video
Egypt has succeeded in containing a crisis with Kuwait after the emergence of a video deemed offensive to the Gulf state. The Egyptian Public Prosecution has said investigations with the accused in …