Kuwait tries to kickstart diversification away from oil

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy Gulf nation Kuwait is set to borrow for the first time in almost a decade, raising hopes that the petrostate will pursue an …

Body of Filipina maid found in freezer flown home from Kuwait

The body of a Filipino housemaid found stuffed in a freezer in Kuwait was flown home to her grieving family on Friday, focusing attention on the plight of millions of mostly poor Filipinos toiling abroad. As Joanna Daniela Demafelis' remains were …

Kuwait: KPC declares LNG prices for April

KUWAIT: The Kuwait Petroleum Corporation (KPC) announced on Thursday the new prices of liquefied natural gas (LNG), propane and butane, for April. Speaking to KUNA in a statement, the corporation said a propane metric ton would be sold for USD 615 during …

Kuwait oil price up 14 cents to USD 77.54

KUWAIT: Kuwaiti oil price increased 14 cents to reach USD 77.54 per barrel during Thursday's trading compared to Wednesday's USD 77.4, reported Kuwait Petroleum Corporation (KPC) on Friday. In global markets, Brent Crude rose 24 cents to USD 74.03 …

Kuwait curbs expat employment in public sector

Massive raffle-draw fraud on Kuwait live TV

A massive raffle-draw fraud scheme that played out on live TV in Kuwait, involving exchanging winning tickets for money saw an Egyptian expat, her husband and a Kuwaiti Ministry of Commerce employee be detained and 40 more 'under suspicion'.

Kuwait’s envoy to US meets commerce secretary, reaffirms strong bilateral ties

WASHINGTON: Kuwait’s Ambassador to the United States Sheikha Al-Zain Al-Sabah met US Secretary of Commerce Howard Lutnick on Wednesday, emphasizing the deep and longstanding partnership between Kuwait and the United States. During the meeting, Sheikha Al- …

Faithful throng mosques around Kuwait on 27th night of Ramadan

TOPSHOT - This aerial photo shows Muslims praying on Laylat al-Qadr, the Night of Destiny, believed to be when the Koran was first revealed to the Prophet Muhammad during the holy fasting month of Ramadan, at the Grand Mosque in Kuwait City on March 26, …

Kuwait: Legal Action Against Expat Over Counterfeiting KD19,000

An Asian expatriate, working for the Central Bank of Kuwait, has been caught trying to replace KD19,000 ($61,594) in counterfeit banknotes, and has been referred to the public prosecution, according to a media report. The counterfeits were in denominations …

Kuwait Issues New Law to Regulate Public Borrowing

Kuwait has issued a new law aimed at regulating public borrowing, a long-awaited step as the country prepares to return to global debt markets after an eight-year hiatus.اضافة اعلان In a statement on Wednesday, the Ministry of Finance announced that the …