KUWAIT, May 21 (Reuters) – Doha Bank plans to
raise additional capital in 2015 to underpin fast asset growth
and potential acquisitions, the chief executive of Qatar’s
fourth-largest bank by assets said on Wednesday.
The bank is looking at several options to raise capital,
such as a rights issue, CEO R. Seetharaman told reporters at a
news conference in Kuwait.
KUWAIT (Reuters) – Kuwait’s Justice and Islamic Affairs Minister has resigned, state news agency KUNA said on Monday, after a senior U.S. official said he had called for jihad in Syria and promoted the funding of terrorism.
Last month Nayef al-Ajmi rejected the comments made in March by U.S. Treasury Undersecretary David Cohen as “groundless and baseless”, and was backed by the cabinet.
KUWAIT, May 11 (Reuters) – Saudi Arabia said people handling
camels should wear masks and gloves to prevent spreading Middle
East Respiratory Syndrome (MERS), issuing such a warning for the
first time as cases of the potentially fatal virus neared 500 in
Health experts say camels are the most likely animal source
of infection for the disease, which the Saudi Health Ministry
said on Sunday three more people had caught and four had died
KUWAIT, May 7 (Reuters) – Gulf Arab oil exporters have to
make concessions if they want their customs union to be fully
operational by the beginning of 2015 as planned, Kuwaiti Finance
Minister Anas al-Saleh told his counterparts at finance
ministers’ meeting on Wednesday.
The six Gulf Cooperation Council states, which also include
Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain,
first launched a partial customs union – a free trade area with
a common external tariff – in 2003.
KUWAIT, April 13 (Reuters) – An opposition group in Kuwait,
the Gulf Arab country with the most open political system, has
set out a wide-ranging proposal for reform including parties, an
elected government and greater powers for parliament.
The Opposition Coalition, formed last year by already
existing groups of nationalists, Islamists, youths and liberals,
issued a call at the weekend for major constitutional and
legislative reforms to give elected officials more power.
KUWAIT, April 13 (Reuters) – Kuwait will issue the three
main construction tenders for its new 615,000-barrels-per-day
(bpd) oil refinery next month and expects to sign contracts by
early next year at the latest, a state oil company official said
Al Zour refinery, estimated to cost 4 billion Kuwaiti dinars
($14.2 billion), will make oil products such as diesel, kerosene
and naphtha for export and low-sulphur fuel oil for domestic
KUWAIT, April 9 (Reuters) – Kuwait expects to see “positive
steps” taken in a dispute between Qatar and three other Gulf
Arab states as soon as this week that may include a decision to
send those countries’ ambassadors back to Doha, a Kuwaiti
official said on Wednesday.
Saudi Arabia, the United Arab Emirates and Bahrain last
month took the unprecedented step of recalling their ambassadors
from Qatar in protest at what they see as Doha’s political
meddling and giving support to Islamist groups that they see as
a regional political and security menace.
KUWAIT, April 2 (Reuters) – With a youthful, well-educated
population, strong relationships with both neighbours and world
powers, and a strategic location on the Gulf, major oil producer
Kuwait should be as dynamic a hub for the region as Dubai or
But while others in the Gulf have powered ahead, attracting
foreign investment and developing infrastructure, Kuwait has
stagnated, frustrating the people of a country once seen as a
Middle East trailblazer.
KUWAIT (Reuters) – Arab leaders, at loggerheads over inter-Arab issues including Egypt and Syria, offered little evidence of progress after a two-day summit in Kuwait focused largely on avoiding further splits.
Gulf opposition to Qatar’s financial backing for Egypt’s Muslim Brotherhood and Islamist rebels in Syria burst into the open last month when Saudi Arabia recalled its ambassador from Qatar, and the United Arab Emirates and Bahrain followed suit.
KUWAIT (Reuters) – Arab leaders at odds over supporting Islamists in upheavals across the Middle East have proved in no mood to reconcile at a summit this week, an outcome likely to satisfy Syria and Iran in their rivalry with regional heavyweights Egypt and Saudi Arabia.
Heads of state assembled in Kuwait publicly acknowledged they needed to end quarrels that are exacerbating an already catastrophic war in Syria as well as turmoil in Egypt and Iraq.