Kuwait News

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Kuwait's Agility enters fray for logistics group Panalpina

ZURICH (Reuters) - Kuwait-based Agility Group is talking to Panalpina over a tie-up that complicates Danish rival DSV’s $4 billion bid for the Swiss logistics group that is being fought by Panalpina’s biggest shareholder.


Kuwait's Agility 2018 net profit rises 18.4 pct

DOHA, Feb 16 (Reuters) - Kuwait’s Agility, one of the largest logistics companies in the Gulf, on Saturday reported an 18.4 percent rise in its 2018 net profit year-on-year. The net profit figure reached 81.1 million Kuwaiti dinars ($267.04 million), the company said in a statement.


Kuwait Donates $6 Million to Jordan, Supports Efforts to Host Syrian Refugees

Kuwait Prime Minister Sheikh Jaber al-Mubarak al-Sabah meets with King Jordan Abdullah. (Petra news agency) Kuwait supports Jordan in overcoming its economic crisis and commends the government on its efforts to achieve the country’s development goals, said Kuwait Prime Minister Sheikh Jaber al-Mubar


Following a seven-month deployment, Carpenter returns home to family

Any parent that has taken a short vacation away from their kids has experienced the joys and pain that follow with being apart. Imagine having two young boys at home with a husband and leaving for months at a time.


Zain Group 2018 net profit soars 23% to reach KD 197 million

Board of Directors recommends a cash dividend of 30 fils per share. KUWAIT: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2018, and fourth-quarter ended 31 December, 2018. Zain serves


Kaleido in Kuwait bridge delivery

Spain-headquartered Kaleido Logistics has coordinated the delivery of several passenger boarding bridges destined for Kuwait International Airport. In addition to the delivery from Spain to the Kuwait, Kaleido Logistics was responsible for managing the inland delivery to the airport.


Local troops prepare to deploy to Kuwait

Jessica Holbrook CantonRep.com business writer @JHolbrookREP — JACKSON TWP. Dawn Forson took a minute to grab a cup of coffee before the ceremony began. Holding back tears, Forson, wearing a dog tag style necklace displaying her wedding photo, talked about preparing for a year without her husband, C


Premier winds up Amman tour; Kuwait, Jordan bolster ties with chain of accords

Kuwaiti-Jordanian talks chance to assess common challenges. AMMAN: His Highness the Prime Minister of Kuwait Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah yesterday concluded his two-day official visit to Jordan. He was seen off at the airport by Jordanian Prime Minister Omar Al-Razzaz, Kuwaiti Ambassad


Kuwait keen on empowering women for leadership: Official

57 percent of civil servants in Kuwait are females. KUWAIT: Kuwait is keen on empowering women for political and economic leadership, a senior official re-asserted yesterday. Citing a tangible case depicting Kuwait’s special concern for women, Minister of State for Economic Affairs Mariam Al-Aqeel u


AUB Kuwait records KD 51.3m in net profit

2018 another successful year for AUB; net profit grows 15.3% y/y. KUWAIT: Ahli United Bank K.S.C.P. (“AUB”) has marked 2018 as another successful year by delivering a net profit of KD 51.3 million (2017: KD 44.5 million) for the year, a net growth of 15.3 percent.


Zain strategic partner of GulfRun 14

KUWAIT: Zain, the leading digital service provider in Kuwait, announced its strategic partnership of the 14th edition of GulfRun, the GCC’s most popular motorsport event. The event, held in the State of Kuwait and the Kingdom of Bahrain, continues until next March.


Kuwait wins two gold, bronze in shooting tourney

KUWAIT: Kuwait proved tough during the fourth day of competition of HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Eighth International Grand Prix and controlled the clay target event, as Kuwait won two gold and a bronze medals, while Serbia won the air pistol and rifle events.


Emotional sendoff: Ohio National Guard soldiers prepare to deploy to Kuwait

NORTH CANTON, Ohio - An emotional sendoff was held Friday morning for about 110 Ohio National Guard soldiers who are deploying to Kuwait. Ohio Governor Mike DeWine and other officials attended the ceremony, which took place at Faith Family Church.


Niskayuna Veteran Surprised With Warm Welcome After 1 Year De­ployment

A special welcome home party for Corporal Andrew Fiumano was in order Saturday as many celebrated his return, following a year long deployment in Afghanistan and Kuwait. "I went to Afghanistan [to work] with the marines, then to Kuwait for three months, Texas, and now I'm back home," Andrew said.


KIB celebrates first place at 9th Banking Archery Championship

KUWAIT: Kuwait International Bank (KIB) congratulated Esrar Alenezi for winning first place in the women’s category at the 9th Banking Archery Championship. Organized by the Kuwait Banks Club, the championship took place at the Shooting Range Complex in Subhan.


Kuwait bourse plans IPO at later stage- Athens stock echange CEO

ATHENS, Feb 14 (Reuters) - Kuwait’s stock exchange, which agreed to sell a 44 percent stake to a consortium led by Kuwait’s NIC and including the Athens stock exchange , has plans for an initial public offering at a later stage, the CEO of the Athens bourse said on Thursday.


Group led by Kuwait's NIC wins tender to buy Kuwaiti bourse stake

KUWAIT, Feb 14 (Reuters) - A consortium led by Kuwait’s National Investment Co has won the tender to acquire 44 percent of the Kuwait stock exchange, NIC’s chairman said on Thursday.


Israel opposes UN council visit to Palestinian territories

Israel has told the UN Security Council that it opposes a planned visit by the top UN body to the Palestinian territories for a close-up look at the situation, Kuwait's ambassador said Wednesday.


Marriott teams up with Kuwait Projects on St Regis resort in Morocco

DUBAI (Reuters) - United Real Estate Co., a unit of Kuwait Projects Co, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech.


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