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The Kuwaiti government has placed an order for the purchase of 300 Hellfire-II missiles, associated equipment and technical support for $49 million, says the U.S. Defense Security Agency. These missiles will serve “to deter potential attacks against strategic targets across Read more
Following the resignation of the government at the beginning of the month because its activities will be unconstitutional after it took oath in front of an unconstitutionally elected parliament which was earlier on dissolved by the Constitutional court. The Emir Read more
The ratings agency Standard & Poor’s predicted that the Gulf Cooperation Council banks will be shielded from the Euro zone turmoil and will continue recovering steadily from the 2008 credit crisis, despite the persistence of some pockets of risk. Since Read more
Political crisis in Kuwait are far from being over after the whole cabinet decided to tender its resignation at an extraordinary executive gathering to the Amir of the Gulf state, Sheikh Sabah Al-Ahmad Al-Sabah, through the Prime Minister. Two of Read more
The Kuwaiti Constitutional Court has declared the current parliament, elected in polls organized pursuant to an Emiri decree, unconstitutional. The court ruled that the emiri decree that called for the 2012 election was unconstitutional and ordered reinstating the previous assembly Read more
Political tensions is mounting in Kuwait reaching unprecedented levels threatening the stability of the oil-rich Gulf state, one of the major allies of the US and the West in the region. Skirmishes between cabinet members (controlled by the Al-Sabah ruling Read more
Kuwait sits in 2nd and 3rd positions when it comes to obesity and diabetes respectively in the Middle East region. This is likely to change soon because the Vbloc Maestro Therapy has been launched in the country by the home-based Read more
Kuwait Foreign Petroleum Exploration Corporation (KUFPEC), a state oil firm and subsidiary of Kuwait Petroleum Corporation, will be paying almost half a billion dollars to Enquest Plc, an oil and gas exploration company, for a stake in its North Sea Read more
The fiscal year of 2011 has ended at a record high for the Kuwait petroleum Corporation (KPC) with all the challenges that the world’s economy is facing. It achieved a profit on one billion dinars ($3.58 billion) during the 2011 Read more
The high profile summit between member states of the Gulf Co-operation Council (GCC) ended without any agreements being signed. Instead, another summit has been arranged and it will be held in Bahrain in December. The Riyadh summit chaired by the Read more