(Bloomberg) — Kuwait Investment Authority, the fourth-largest sovereign wealth fund, is caught up in a legal dispute with former managers at its U.K. office over accusations of inflated bonuses.The …
Kuwait’s KIPIC starts operation of gas line feeding Al-Zour
DUBAI – Kuwait Integrated Petroleum Industries Co (KIPIC) has begun operating the gas line that will feed its long-delayed Al-Zour refinery, state news agency KUNA said on Tuesday. Originally planned …
Kuwait Investment Office hit by stay order in case against ex-employees
The Kuwait Investment Authority’s London arm suffered a setback in the High Court on Monday when a “stay” application was granted to sacked former employees who faced allegations of a conspiracy to …
Kuwait: Six private schools suspended for not paying teachers
Dubai: The Kuwait Ministry of Education (MoE) has suspended six private schools for withholding the salaries of their teachers, Al Seyassah daily reported on Monday. The ministry has started …
Kuwait KOC starts export of first shipment of heavy crude for global market
KUWAIT CITY – The CEO of Kuwait Oil Company, Imad Sultan, announced the start of export operations for the first shipment of heavy crude for the global market, stressing that exporting this type of …
Kuwait KOC starts export of first shipment of heavy crude for global market
KUWAIT CITY – The CEO of Kuwait Oil Company, Imad Sultan, announced the start of export operations for the first shipment of heavy crude for the global market, stressing that exporting this type of …
Kuwait sovereign wealth fund fights court battle with fired executives
The Kuwait Investment Authority’s London arm has launched High Court proceedings against former executives over an alleged conspiracy to award unlawful pay increases. The case is part of a broader …
Kuwait sovereign wealth fund fights court battle with fired executives
The Kuwait Investment Authority’s London arm has launched High Court proceedings against former executives over an alleged conspiracy to award unlawful pay increases. The case is part of a broader …
Kuwait’s draft law on expat quotas to exempt domestic workers, those on government contracts
A draft law in Kuwait which seeks to impose an expat quota system in the country to help “rebalance its population” will not apply to certain individuals, local media reported. The law …
Kuwait: Social media influencers charged in money laundering scheme
The Ministry of Interior has released the names of the 10 social media influencers that are being charged with money laundering, Kuwait media reported. The Attorney General, Dhara Al Asousi, has …