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The Latest Breaking News from Kuwait

Kuwait: Limited Exposure to Collapse of SVB

The financial sector in Kuwait announced that it had registered limited exposure to the collapse of Silicon Valley Bank. The Central Bank of Kuwait (CBK) affirmed on Sunday that the exposure of Kuwaiti banks to Silicon Valley Bank (SVB), following the closure of the bank by the US authorities, was…

Asharq Al-Awsat

Kuwait Appoints New Ambassadors to Riyadh, Washington

The two Kuwaiti ambassadors-designate to Riyadh and Washington took the oath on Monday before Kuwaiti Crown Prince Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah at the Bayan Palace. The swearing-in ceremony was attended by Kuwait's Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah. Sheikh Sabah Nasser Sabah Al-Ahmad, Kuwait’s Ambassador to the Kingdom…

Asharq Al-Awsat

Arab Permanent Group of Experts Discusses Media Strategy to Combat Terrorism

The Arab Permanent Group of Experts concerned with following up on the role of media outlets in combating terrorism discussed the joint Arab media strategy to combat terrorism and keep pace with the media changes and the evolution of digitization. The group held its 24th meeting during the 16th session…

Asharq Al-Awsat

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Kuwait Central Bank Expects Little SVB Impact on Local Lenders

Kuwait's central bank said on Sunday there would be very little impact on local lenders from the collapse on Friday of Silicon Valley Bank (SVB). The Kuwaiti central bank governor said that the exposure of the local banks to SVB was very limited and that the banks assured him that…

Asharq Al-Awsat

Kuwaiti FM Deplores Systematic Aggression against Palestinian People

Kuwait's Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah denounced on Wednesday the Israeli occupation's systematic assaults on the Palestinian people. "The Israeli occupation authorities continue their systematic aggression against the Palestinian people, increasing their suffering," Minister Salem said at the 159th session of the Arab Foreign Ministers Council, that was…

Asharq Al-Awsat

Kuwait Re-Appoints Sheikh Ahmad Nawaf Al-Sabah as PM

Kuwait's Crown Prince re-appointed Sheikh Ahmad Nawaf al-Sabah as prime minister and asked him to nominate a cabinet, state news agency KUNA reported on Sunday, more than a month after the government resigned due to renewed friction with parliament. A long-running standoff between the government and the elected parliament has…

Asharq Al-Awsat

Ericsson to pay $206M for breaking US deal in bribery case

Swedish telecom equipment maker Ericsson has agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait

The Independent UK

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Saudi King, Crown Prince Congratulate Kuwaiti Emir on National Day

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has sent a cable of congratulation to the Emir of Kuwait, Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah, on the anniversary of his country's National Day. In his cable, King Salman expressed his sincerest congratulation to the Emir, and wished…

Asharq Al-Awsat

Oman’s Abraj Signs Oil Drilling and Extraction Deal with Chevron, Kuwait Gulf Oil Company

Oman's Abraj Energy Services said on Saturday it had signed a five-year "strategic partnership deal" with Kuwait Gulf Oil Company and Saudi Arabian Chevron to extract and drill for oil in Kuwait. The deal will see Abraj build three drilling platforms in the Wafra oilfield in Kuwait, the company said…

Asharq Al-Awsat

Kuwait Celebrates 62nd National Day, 32nd Liberation Anniversary

Kuwait is celebrating on Saturday its 62nd National Day and the 32nd anniversary of liberation, an occasion during which the emirate reaffirms its achievements throughout its six decades of independence, and the economic and political position it holds in the Gulf, Arab and international map. The National Day commemorates the…

Asharq Al-Awsat

Saudi Hawks Team Arrives in Kuwait to Participate in National Celebrations

Planes of the Saudi Hawks Aerobatic Team arrived in Kuwait on Thursday to participate in the celebrations of Kuwait’s National Day. In a press statement, the Kuwaiti Ministry of Defense said that the Saudi Hawks will perform aerobatic display, along with Kuwait Air Force planes by flying over Kuwait Towers…

Asharq Al-Awsat

Arab Leaders Congratulate King Salman on Founding Day

Arab leaders congratulated on Tuesday Custodian of the Two Holy Mosques King Salman bin Abdulaziz on the occasion of the Kingdom’s Founding Day, which falls on Wednesday. Emir of Kuwait Sheikh Nawaf Al-Ahmad Al-Jaber Al Sabah sent a cable to King Salman, praising the Kingdom’s accomplishments that have strengthened its…

Asharq Al-Awsat

Kuwait foreign minister sees progress on maritime border with Iraq

Kuwait and Iraq will hold a round of legal and technical talks on Sunday as they look to bring an end to a maritime border dispute, which if resolved would spur economic development between the states, Kuwait's foreign minister said on Saturday.

Reuters

Sisi: We Overcame Challenges in 2011 with Support from Saudi Arabia, UAE, Kuwait

Egyptian President Abdel Fattah al-Sisi stressed on Monday that his country passed a difficult period from 2011 to 2013 due to the decline in the cash reserves that were exhausted from importing fuel products. He thanked Saudi Arabia, the United Arab Emirates and Kuwait for aiding Egypt in overcoming the…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi Invites Kuwaitis to Seize Giant Qualitative Investment Opportunities

Encouraging Kuwaiti investors to take advantage of investment opportunities and major qualitative projects in Saudi Arabia, Investment Minister Khaled Al-Falih affirmed that investment policies in the Kingdom require treating all Gulf investors as Saudis. Al-Falih pointed to Kuwait being one of Saudi Arabia’s most prominent trade partners. Witnessing a growth…

Asharq Al-Awsat

Saudi Forum to Attract Kuwaiti Investments

''Invest in Saudi Arabia Forum'' will kick off Monday in Kuwait within the framework of Saudi Investment Minister Khaled al-Falih's visit to the country. Several ministers and officials, public entities, significant companies, and representatives of the private sector from both countries are expected to attend the forum. The forum aims…

Reuters

Kuwait plans reform to aid through economic development fund

Kuwait intends to reconsider its policy of providing aid to Arab and developing countries through the Kuwait Fund for Arab Economic Development, its foreign minister said on Thursday.

Asharq Al-Awsat

GCCIA Signs Contracts for Iraq Interconnection Project

The Gulf Cooperation Council Interconnection Authority (GCCIA) signed five contracts worth $220 million with the companies implementing the electricity interconnection project between the Gulf states and Iraq. The Authority will construct lines of 295 km from the al-Wafra station in Kuwait to the al-Faw station in southern Iraq to transfer…

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Asharq Al-Awsat

Saudi FM, Kuwait Crown Prince Discuss Bilateral Ties

Kuwait Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah received in Kuwait on Sunday Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah. Prince Faisal and an accompanying delegation are on an official visit to Kuwait. The Saudi Foreign Ministry said talks between the officials tackled the unique bilateral relations…

The Guardian - UK

You to The Exchange: the seven best shows to stream this week

The absurdly entertaining serial killer show returns with Penn Badgley on the run in London, while a strong feminist take on 1980s Kuwait sees two pioneering women tackle the patriarchy

Evening Standard

Doctor who cared for Kuwaiti royal family wins race case after London embassy sacking

Dr Lyazid Fenniche played ‘important role’ in safeguarding health of Kuwaiti royals and ministers

The Times of India

For now my goal is to only play singles: Prajnesh Gunneswaran after winning Kuwait title

PUNE: It may have been a low-profile event by his own standards, but coming as it does after a season in which he struggled with a persistent wrist injury among other health issues, the $25,000 ITF singles title in Kuwait on Sunday means a lot to Prajnesh Gunneswaran.

Asharq Al-Awsat

Kuwait’s Al-Budaiwi Appointed as GCC’s 7th Secretary-General

The Gulf Cooperation Council (GCC) announced the appointment of Jassim Al-Budaiwi, Kuwait’s ambassador to Washington, as the new Secretary-General of the Gulf Cooperation Council, as of Feb.

Asharq Al-Awsat

Gulf, Arab Countries Slam Attack on Azerbaijan’s Embassy in Tehran

Saudi Arabia strongly condemned on Thursday the attack on Azerbaijan’s embassy in the Iranian capital Tehran. The Foreign Ministry expressed the Kingdom’s solidarity with Azerbaijan and its people, calling for respecting diplomatic missions and the punishment of the perpetrators. Gulf Cooperation Council (GCC) Secretary-General Dr. Nayef Al-Hajraf slammed the attack,…

Asharq Al-Awsat

Kuwait Government Resignation Accepted via Emiri Decree

The resignation of Kuwait's government was accepted on Thursday in an Emiri decree, state news agency KUNA reported. Kuwaiti Prime Minister Sheikh Ahmad Nawaf al-Sabah on Monday submitted the resignation of his cabinet to Crown Prince Sheikh Meshal al-Ahmad al-Sabah.

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