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Mezzan Holding, a major food, beverage and healthcare products manufacturer and distributor in the Gulf region, said Tuesday it acquired 67 per cent of stakes of Kuwait-based KSPICo, a Kuwaiti Saudi Pharmaceutical Industries Company. The deal cost Mezzan Holding $69 Read more
The Emir of Kuwait has instructed his cabinet to build a suburban city in the northern district of the Iraqi city of Baiji to host Iraqis who lost their residences during three years of war to flash out the Islamic Read more
Four Kuwaiti newspapers have gone off of shelves as they grapple with competition from online media and economic hardship, reports say. The newspapers are Al-Qabas, Al-Rai, Al-Anbaa and Al-Jarida. “This is a 100 percent economic decision aimed at cutting cost,” Read more
Kuwait has conditioned the reopening of its diplomatic in Damascus on the decision to be made by the Arab League early this week after the UAE and Bahrain re-established diplomatic ties with President Bashar al-Assad regime after seven year of Read more
Qatar has launched a cruise, called ‘Grand Ferry’, that will connect the tiny Gulf country and its regional neighbors, Oman and Kuwait, which have not severed ties with Doha like Bahrain, KSA, and UAE. Grand Ferry will be first of Read more
Kuwait has conducted a cabinet mini-reshuffle with the appointment of several new ministers including academic Khaled Al-Fadhel as the country’s minister of oil, electricity and water. Besides Al-Fadhel, Prime Minister Shaikh Jaber Al-Mubarak Al-Hamad Al-Sabah Monday appointed three other new Read more
Kuwait’s Prime Minister Jaber Mubarak Al-Sabah has accepted the resignation of oil minister, Bakhit al-Rashidi who has been under fire by lawmakers over mismanagement of the country’s oil industry, which provides 90 per cent of public revenue. Al-Rashidi submitted his Read more
The UK Ministry of Defense brushed aside reports that the European country is in talks with Kuwait to open a permanent military base as it has embarked on building a strong military presence in the region after agreeing with Bahrain Read more
Kuwait aviation authorities have revoked the operation license of Wataniya Airways which was suspended for three months this year after the carrier left 1,500 passengers stranded in foreign airports following waves of flight cancellations, reports say. The Directorate General for Read more
Kuwait-based aircraft lease company ALAFCO will start leasing as of next year five new A320neo aircraft to Scandinavian Airline Systems (SAS). Under the agreement, Aviation Lease and Finance Company (ALAFCO) will lease the aircraft for a duration of 10 years. Read more