Top Kuwait News

Kuwaiti Airways cancels flights to Beirut

Kuwaiti Airways Corporation has cancelled a passenger flight that has been scheduled to and from the Lebanese capital since Wednesday. KUNA (Kuwait News Agency) - 08May 13:05GMT
Tunisian envoy invites Kuwaitis to invest in his country

Tunisian Ambassador to Kuwait Hisham Bayouth called on Kuwaiti investors to bring their businesses to his country, with the aim of boosting economic partnership between the two states. KUNA (Kuwait News Agency) - 08May 11:42GMT
Kuwait to set up anti-doping body

Kuwaiti Minister of Justice, Social Affairs and Labor Jamal Al-Shihab said a draft decree on setting up an anti-doping agency had been approved by an advisory panel. KUNA (Kuwait News Agency) - 08May 09:42GMT
Kuwaiti Airways to increase two-way flights to Egypt

Kuwait Airways Corporation will organize additional flights to Cairo as of the middle of next month coinciding with the annual vacation of thousands of Kuwaiti students studying in Egypt. KUNA (Kuwait News Agency) - 08May 09:37GMT
830 New Hotels Under Way in ME

"Around 170 million arrivals are expected by 2020, and some 830 new hotels are under development to give an additional 750,000 rooms across the region," Gerald Lawless, Executive Chairman for Jumeirah Group said. Press Release - 08May 08:36GMT
GIC will raise exposure to Gulf capital markets

Kuwait-based Gulf Investment Corporation (GIC), which has assets worth $9.2 billion, has said it will be increasing its exposure to the GCC capital markets as they have become more mature and offer the best investment opportunities over the next five to seven years. Gulf News - 08May 05:37GMT
'High Inflation In Kuwait A National Challenge'

Central Bank governor Sheikh Salem Abdulaziz al-Sabah warned that oil-rich Kuwait was faced with a "national challenge" after inflation hit 9.5 percent in January. AFP - 07May 11:36GMT
NAS wins bid to handle UNAMI flights

National Aviation Services (NAS), announced that it had won a bid to provide ground handling services to UNAMI (United Nations Assistance Mission to Iraq) at the Kuwait International Airport. Kuwait Times - 07May 06:20GMT
Kuwait clean fuel project costs KD 4-5 billion

The estimated cost of a refinery modernization project, known as "clean fuel" project, ranges between four and five billion Kuwaiti dinars, a senior petroleum company official said. KUNA (Kuwait News Agency) - 06May 09:56GMT
GCC currencies lose 40% of their values by dollar link

Central banks in the Gulf Co-operation Council (GCC) countries should prepare strong financial policies in preparation for de-pegging their currencies from the dollar and turn to a basket of currencies within three years. Emirates Business 24/7 - 06May 07:29GMT

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Power & Utilities
Going Nuclear
The Middle East is turning to nuclear power as the only way to provide enough energy to handle the growth that all Arab states will go through over the next 40 years.

Confusing Voters
Kuwait's unexpected parliamentary election campaign is shaping up to be an intriguing contest.

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Hotel Chain Reaction
In the 10th edition of Gulf Business' GCC hotel chain rankings, it is only fitting that the results should once again reflect a dramatic increase in the future rooms supply.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Mobile Telecommunications Company	Kuwait	28,048
2	Kuwait Finance House	Kuwait	22,940
3	National Bank of Kuwait	Kuwait	19,814
4	National Industries Group Holding	Kuwait	8,559
5	Gulf Bank	Kuwait	7,315
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