01/08/2009
Kuwait Faces Job Losses From Investment Firms, Al-Watan Says (Bloomberg)
Jan. 8 (Bloomberg) -- Thousands of people employed in Kuwait’s private financial sector face the possibility of being laid off as investment companies’ losses rise, Al-Watan reported, without saying where it got the information.
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01/08/2009
Global Investment House of Kuwait Says It Defaulted on Debt (Bloomberg)
Jan. 8 (Bloomberg) -- Global Investment Houses KSCC, Kuwait’s biggest investment bank, said it defaulted on a majority of its loan repayments. HSBC Holdings Plc, CBK Capital and Global continue to be in “close and constructive dialogue” with its lenders, the company said in an RNS statement today.
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01/08/2009
Kuwait to counter any Dow Chemical legal action-paper (Reuters via Yahoo! Malaysia News)
KUWAIT, Jan 8 (Reuters) - Kuwait is ready to counter any legal action by Dow Chemical to avoid paying a break fee of up to $2.5 billion over a scrapped $17.4 billion deal, a government minister was quoted saying on Thursday.
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01/08/2009
Kuwait: Audit Bureau reform moves opposed (Zawya)
08 January 2009 KUWAIT: The Audit Bureau's labor union head Mamdou Al-Enzi asked its acting chief to consider employees' demands to improve the performance of its most vital regulatory body.
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01/08/2009
(AFX UK Focus) 2009-01-08 08:16 Kuwait to counter any Dow Chemical legal action-paper (Interactive Investor)
KUWAIT, Jan 8 (Reuters) - Kuwait is ready to counter any legal action by Dow Chemical to avoid paying a break fee of up to $2.5 billion over a scrapped $17.4 billion deal, a government minister was quoted saying on Thursday. Last month, the OPEC country cancelled a petrochemicals joint venture with the largest U.S. chemicals firm after parliament voiced opposition, just weeks after signing the ...
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01/08/2009
Kuwait Crime News (Arab Times)
Kuwait : The Salmi police have arrested a bedoun youth for attempting to leave the country on a passport belonging to his Kuwaiti friend by replacing the picture with his own, reports Al-Dar daily.
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01/08/2009
Kuwait Crime News (Arab Times)
KUWAIT CITY : The Detention Renewal Judge Wednesday renewed for two weeks the detention of a Syrian man, identified only as H. Al-Khalaf, who has been charged with the premeditated murder of an Egyptian man in the suburb of Jleeb Al-Shuyoukh.
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01/08/2009
Shuaa delists from Kuwait bourse (AME Info)
Shuaa Capital yesterday confirmed that it has delisted from the Kuwait Stock Exchange, citing conflicting regulatory requirements as the reason for the move. The Dubai-based investment bank is now solely listed on the Dubai Financial Market, having delisted from the KSE on Jan 1.
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01/08/2009
Kuwait Crime News (Arab Times)
Kuwait : Police are looking for an Egyptian man for betrayal of trust, reports Al-Seyassah daily. The Egyptian reportedly borrowed KD 5,600 from a compatriot woman and disappeared.
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01/08/2009
Kuwait Crime News (Arab Times)
KUWAIT CITY : Police have arrested 11 Bedoun youths out of the thirty who had kidnapped two Asian women near a commercial complex in Jahra and sexually assaulted them for four days in a camp in Mutla’a area.
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