Kuwait

KUWAIT CITY, Dec. 20 (Xinhua) -- Kuwait's new Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah accepted cabinet's resignation on Wednesday, the Kuwait News Agency (KUNA) reported.

The cabinet, led by Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, would continue as a caretaker government to handle urgent matters until a new one is formed, KUNA added.

Earlier Wednesday, Sheikh Mishal officially assumed the role of emir at an oath-taking ceremony at the National Assembly.

30 October 2023; MEMO: Kuwait issued a directive to deport an Indian nurse because of her support for the Israeli occupation in its war on Gaza.

According to Kuwait’s Al-Rai newspaper yesterday: “The Ministry of Interior deported an Indian nurse from Kuwait who was working in Al-Sabah Hospital [in the capital], after she supported the occupation in its war against Palestine.”

KUWAIT CITY, Oct 5 (NNN-KUNA) – OPEC+’s cut in production is necessary, to address challenges and stabilise the global market, Kuwait’s Deputy Prime Minister and Minister of Oil and Minister of State for Economic and Investment, Saad Al-Barak, said yesterday.

20 September 2023; MEMO: Kuwait’s Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with a Shell subsidiary to acquire 40 per cent of Egypt’s Nile Delta offshore block 3, KUNA reported today.

The Kuwaiti news agency quoted Mohammad Al-Haimar, KUFPEC’s CEO, saying the move was in line with the approach to expand operations with “our international partners that are active in special exploration basins.”

KUWAIT CITY, Sept. 3 (Xinhua) -- Kuwait's Crown Prince issued Sunday a decree appointing Adel Al-Mane as minister of education and Fahad Al-Jarallah as minister of finance, Kuwait News Agency (KUNA) reported.

The decree was issued on the proposal of Prime Minister Fahd Abdul Aziz Hassan Al-Jarallah, said the report, adding the appointment takes immediate effect.

The two ministers took the oath at the Bayan Palace in front of the Deputy Emir of Kuwait and Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.

KUWAIT CITY, Aug 1 (NNN-KUNA) – Flag carrier, Kuwait Airways, registered a 30-percent increase in passenger ticket and onboard revenues, for the first half of 2023, from the same period last year.

The first six months saw passenger traffic onboard the “Blue Bird,” the airline’s fleet, jump by 45 percent, while flight operation capacity increased by 34 percent, the report quoted Kuwait Airways Chairman, Ali Al-Dukhan’s statement, as saying.

KUWAIT CITY, Jul 27 (NNN-KUNA) – Kuwait recorded its first budget surplus in nine years, in the fiscal year ending Mar 31, the Finance Ministry announced, yesterday.

Kuwait registered a surplus of 6.4 billion Kuwait dinars (20.85 billion U.S. dollars), in the fiscal year 2022-2023, the ministry said in a statement, published on its website.

21 July 2023; MEMO: Kuwait has prohibited the use, trade, services and mining of cryptocurrencies within the country, imposing a blanket ban on the decentralised monetary systems.

In a directive issued on Monday by Kuwait's financial regulator, the Capital Markets Authority, it announced that it had imposed an "absolute" ban on all digital asset mining, and that it had prohibited cryptocurrencies as recognised decentralised currencies.

11 July 2023; MEMO: The Kuwaiti government has announced plans to publish 100,000 copies of the Quran in the Swedish language for distribution in the Scandinavian country, in response to the provocative Quran burning incident in Stockholm on the day coinciding with Eid Al-Adha last month.

06 July 2023; MEMO: Kuwait aims to invest over $300 billion in the energy sector by 2040, the Gulf states' oil minister told the UAE's WAM news agency.

Global investment in the energy sector faces significant gaps that need to be filled to prevent crises that could adversely affect the markets and the global economy, Deputy Prime Minister, Minister of Oil and Minister of State for Economic and Investment Affairs of Kuwait, Saad Al Barrak, said.