The approval of the Central Bank of Kuwait should be obtained if ownership exceeds 5 percent of the bank’s capital. (Shutterstock)
December 17, 2018 - 08:12 GMT
The latest move comes in accordance with Decree 694, which notes that non-Kuwaiti investors shall be allowed to own and trade in Kuwaiti banks’ shares.
(Shutterstock/ File Photo)
December 13, 2018 - 13:31 GMT
Kuwait and the U.K. have reached an agreement to establish a British military base in the Gulf state, local Kuwaiti media reported Thursday.
45 percent of employers do not allow domestic workers to go out on weekly day rest. (Shutterstock)
December 12, 2018 - 07:25 GMT
This is the second part of the report on Rights of Domestic Workers Between Legislative System and Enforcement through Law No. 38 of Year 2015.
Kuwait’s government is keen to fight corruption through the application of financial disclosure statement. (Shutterstock)
December 12, 2018 - 07:19 GMT
The Kuwait Anti- Corruption Authority (Nazaha) referred Tuesday two officials at Kuwait General Administration of Customs to the Public Prosecution on charges of corruption.
Long-term investors prefer to pump their money into mid-term operational shares to speculate and enter into reckless adventures. (Shutterstock)
December 12, 2018 - 07:15 GMT
The Al-Rai newspaper has recorded the best performing companies in terms of market gains since the beginning of the year and until now, with the most commodities losing over 11 months, and finally those gaining the most liquidity in terms of the total trading of about 176 listed companies, reports the daily.

A Tunisian activist who requested anonymity told The Media Line that Kuwait’s move “has to do with the ‘unethical trade’ of Tunisian women.  (Shutterstock)
December 11, 2018 - 01:27 GMT
Kuwait had already imposed this requirement on Lebanese women, though only the latter require a security clearance.
Egyptian Foreign Minister Sameh Shoukry attends a meeting with his Algerian and Tunisian counterparts. (AFP Photo)
December 06, 2018 - 06:00 GMT
Kuwait Ruler Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Tuesday received Egyptian Foreign Minister Sameh Shoukry.
The source pointed out the number of expatriate employees in the ministry decreased in the current fiscal year compared to the previous year when the number exceeded 1,500. (Shutterstock)
December 05, 2018 - 07:36 GMT
The Ministry of Education has frozen 1,080 jobs occupied by expatriates for fiscal 2018/2019, reports quoting a reliable source from the educational sector.
The volume of Kuwaiti oil bound for Japan rose for the first time in two months, providing 7.4 percent of the Asian nation's total crude imports, compared with 6.1 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report. (Shutterstock)
December 03, 2018 - 07:39 GMT
Kuwait's crude oil exports to Japan in October jumped 28.3 percent from a year earlier to 7.11 million barrels, or 229,000 barrels per day (bpd), overtaking Qatar to become Japan's third-biggest oil provider, Japanese government data showed Friday.
Mohamed Al Alawi is currently on set for his role in the upcoming series Hodn Al Shawk (Source: mohammed_alalawii - Instagram)
December 02, 2018 - 13:23 GMT
Albawaba exclusive interview with hearthrob Kuwaiti actor Mohamed Al Alawi where he reveals a lot about his high self esteem, a gastric toning surgery he did and the story behind his golden necklace.
December 02, 2018 - 08:39 GMT
Amid the death of former President George H.W. Bush on Saturday, Kuwaitis went to remember the 41 presidents of the United States who had a vital role in expelling the Iraqi forces from Kuwait in the aftermath of Gulf War in 1991.
Kuwait’s regulatory testing framework, known as a ‘sandbox’, will include four phases, with representatives from local banks joining a central bank taskforce to assess the products and services being proposed. (Shutterstock)
November 27, 2018 - 07:16 GMT
Kuwait’s Central Bank has issued regulatory guidelines for companies wishing to experiment with new financial technology products and services, it said on Monday.
Kuwaiti Nationals and Residents File for Rainstorm Compensations. (Shutterstock)
November 27, 2018 - 07:12 GMT
Minister of Social Affairs and Labor and State Minister for Economic Affairs Hind Al-Sabeeh said 665 rain and flood victims have submitted compensation claims to the Compensation Council in Shamiya in the last two days and 140 of them have fulfilled the requirements.
Sheikh Ahmad al-Fahad al-Sabah
November 19, 2018 - 07:53 GMT
Sheikh Ahmad al-Fahad al-Sabah is accused of tampering videos to be used as evidence of coup-plotting and corruption by Kuwait's former prime minister and speaker of parliament.
According to informed sources, PAM has implemented a new condition for the renewal of work permits of highly qualified expatriate employees. (Shutterstock)
November 19, 2018 - 07:35 GMT
Public Authority for Manpower (PAM) has cancelled the job titles of thousands of expatriates who occupy supervisory positions in private sector companies after discovering that they are not highly qualified or their certificates are not accredited by Kuwait’s Ministry of Foreign Affairs, reports Al-Rai daily.
The compensation does not include indirect losses. (Shutterstock)
November 19, 2018 - 07:23 GMT
Officials of varied specializations including financial, engineering and insurance agree that the estimated value of the losses resulting from the recent torrential rains in the country is about KD 300 million, reports Al- Qabas daily.