Miscellaneous

Kuwaiti-Japanese trade volume massive – Deputy FM

KUWAIT, Deputy Foreign Minister Khaled Al-Jarallah said Monday the trade volume between Kuwait and Japan is massive, affirming keenness to enhance it and open new prospects of bilateral cooperation in investment, energy, and environment fields.Al-Jara…

Market

Qatar to withdraw from OPEC Jan. ’19 – minister

DOHA, Qatar will be withdrawing from OPEC on January 1st, 2019, said Energy Minister Saad Al-Kaabi on Monday.Al-Kaabi said in a press conference that Qatar had notified OPEC of this decision, indicating that his country took the decision to focus more…

Market

OPEC receives Qatar’s withdrawal letter

VIENNA, OPEC Secretary General Mohammad Barkindo received Monday a letter from Qatar of its intention to withdraw from the organization as of January 1.The letter, from Qatar’s Minister of State for Energy Affairs Saad Al-Kaabi, expressed sincere appr…

Human Rights

CBK issues KD-250-mln bonds

KUWAIT, The Central Bank of Kuwait (CBK) Monday announced the issuance of bonds and related Tawarruq worth a total value of KD 250 million (USD 800 million).The issuance has a six-month term and a return rate of 2.875 percent, the CBK said in a statem…