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Kuwait Foreign Petroleum Exploration Company (Kufpec) Tuesday announced it reached agreement with five international banks for $1.1-billion loan earmarked for the expansion of oil and gas operations. According the company’s CEO Sheikh Nawaf al-Sabah, with the financial support, the Kupec Read more
Egypt has closed its World Cup campaign with a penalty as the football governing body FIFA fined the African team $50,000 for playing a friendly during 21-27 May period set by the Switzerland-based organization as mandatory time for players to Read more
Kuwait’s Wataniya Airways has placed an order to buy 25 Airbus A320 Neon family jets. The deal was signed at the Farnborough International Airshow in England and was made public by Wataniya Airways’ exclusive aircraft provider Golden Falcon Aviation. The Read more
Kuwait and China signed Monday in Beijing several agreements and Memorandum of Understandings aimed at boosting ties. The deals were signed in the presence of the Kuwaiti ruler Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who is on a state visit to Read more
Human Rights Watch (HRW) has called on Saudi Arabia to provide indications on the whereabouts of a Saudi-Qatari citizen deported from Kuwait to the kingdom last month. Nawaf Al Rasheed, a Saudi-Qatari dual citizen has been missing since his deportation Read more
Saudi Arabia, United Arabs Emirates and Kuwait have pledged a $2.5 billion aid package to protests-hit Jordan, while the European Union announced a €20 million support to the Jordanian troubled economy. Saudi Arabia convened Sunday in Mecca an emergency Gulf Read more
Winner of May 12 election Muqtada al-Sadr headed to neighboring Kuwait Tuesday as part of plan to develop Iraq’s ties with regional neighbors as he seeks to end US and Iranian influence in Iraq. Al-Sadr this month was tussled at Read more
Kuwait has circulated a draft resolution at the United Nations calling for the deployment of international peace keeping forces on the border between Israel and Gaza strip, in the wake of the massacre of 62 Palestinians by the Israeli army Read more
Kuwait is postponing the implementation of Value Added Tax (VAT) to 2021 as authorities prefer for the time being to speed up the selective tax procedures on selected commodities such as tobacco, energy drinks and soft drinks. Unlike its neighbors, Read more
Foreign Minister of Philippines Friday said he would advise the President to lift “immediately” the February ban on the deployment of Filipinos as domestic workers in Kuwait as the two countries inked new regulations to govern these workers’ recruitment. Alan Read more