Europe Top News and Analysis Kuwait

  • KUWAIT EMIR TO VISIT IRAQ ON WEDNESDAY, VISIT COMES IN LIGHT OF ESCALATING REGIONAL TENSIONS AND ATTACKS ON OIL TANKERS- STATE NEWS AGENCY.

  • UNITED NATIONS, June 13- The United States on Thursday called attacks on commercial shipping "unacceptable" and told the U.N. Security Council that the latest assaults on two oil tankers in the Gulf of Oman that left one ablaze and both adrift "raise very serious concerns." Council diplomats said the United States told them it planned to raise the issue of "safety and...

  • UNITED NATIONS, June 13- United Nations Secretary-General Antonio Guterres strongly condemned attacks on two oil tankers on Thursday in the Gulf of Oman that left one ablaze and both adrift, warning that the world cannot afford "a major confrontation in the Gulf region." Facts must be established and responsibilities clarified, "he told a meeting of the U.N....

  • *The strait lies between Oman and Iran. *The UAE and Saudi Arabia have sought to find other routes to bypass the Strait, including building more oil pipelines. *OPEC members Saudi Arabia, Iran, the UAE, Kuwait and Iraq export most of their crude via the Strait.

  • ADDIS ABABA, June 7- Ethiopia's parliament on Monday will approve a law covering the liberalisation of the telecommunications sector, a parliament spokesman said, opening up one of Africa's last remaining state-controlled telecoms markets. Prime Minister Abiy Ahmed, Africa's youngest leader, pledged economic reforms shortly after he took office in April...

  • ADDIS ABABA, June 7- Ethiopia's parliament on Monday will approve a law covering the liberalization of the telecommunications sector, a parliament spokesman said, opening up one of Africa's last remaining state-controlled telecoms markets. Prime Minister Abiy Ahmed, Africa's youngest leader, pledged economic reforms shortly after he took office in April...

  • *Saudi, UAE lobby Washington to contain Tehran. Saudi and the United Arab Emirates, which have lobbied Washington to contain their foe Iran, have said they want to avoid war after drone strikes on oil pumping stations in the kingdom and the sabotage of oil tankers off the UAE coast. Riyadh accused Tehran of ordering the drone strikes, which were claimed by Yemen's...

  • Russia's oil production continues to fall after contamination. *OPEC- led oil supply cuts provide support. NEW YORK, LONDON, May 27- Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC- led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month.

  • *OPEC- led oil supply cuts provide support. LONDON, May 27- Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC- led supply cuts, though concern over the U.S.- China trade dispute and global economy capped gains. Brent was up 33 cents at $69.02 a barrel by 1334 GMT, having fallen by about 4.5% last week.

  • This uncertain outlook is making it tough for OPEC and its allies to have a clear oil supply plan for the second half of the year. The Organization of the Petroleum Exporting Countries, Russia and other non- OPEC producers, known as OPEC+, agreed to reduce output by 1.2 million barrels per day from Jan. 1 for six months, a deal designed to stop inventories building up and...

  • *Greenpeace activists block BP HQ. LONDON, May 20- Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace activists arrived at the building in St James' Square in central London at 0200 GMT and encased...

  • KUWAIT OIL MINISTER SAYS OPEC+ COUNTRIES' COMPLIANCE WITH OIL CUTS IS "VERY BIG"- KUWAIT NEWS AGENCY.

  • *Investment pitches Amazon against Uber Eats. LONDON, May 17- Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals. The news the world's biggest online retailer had bought into one of Europe's fastest growing tech...

  • May 17- Amazon has led a new funding round in Britain's online food delivery company Deliveroo, throwing its weight behind the app in the battle with Uber Eats and Just Eat to deliver takeaway meals. Headquartered in London, Deliveroo uses 60,000 riders to deliver meals from over 80,000 restaurants and takeaway outlets in 14 countries including France, Germany,...

  • LONDON, May 16- Britain has raised the threat level for military forces and diplomats in Iraq because of a heightened security risk from Iran, Sky News said on Thursday. A spokeswoman for Britain's Foreign Office declined to immediately comment on the report. Britain also put its personnel and their families in Saudi Arabia, Kuwait and Qatar on an increased state...

  • *Dubai, Doha and Kuwait markets down. "The increased military tension between the U.S. and Iran are pressuring markets down," said Mohammed Ali Yasin, chief strategy officer at Al Dhabi Capital in Abu Dhabi. The U.S. military said last week that a number of B-52 bombers would be part of additional forces being sent to the Middle East following indications of possible...

  • *Bahrain has promised Gulf donors to balance finances. DUBAI, May 7- Bahrain has scrapped a plan to reform its cumbersome subsidy system, officials said on Tuesday, as authorities worry it could trigger more unrest in the Gulf island and complicate government efforts to repair public finances. Bahrain, which does not possess the bountiful oil reserves of other...

  • WASHINGTON, May 3- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...

  • WASHINGTON, May 2- The U.S. State Department allowed seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, in what some experts say could be a potential violation of the U.S. Congressional staffers confirmed to Reuters that the...