The Latest Breaking News from Kuwait

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…

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…

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…

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