Mohammad al-Hashel has said the Gulf Arab state should take necessary action to reduce spending.
The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.
The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.
CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.
Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.
The government plans to allocate around 25 per cent of state revenues into the fund.
The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
The Kuwait-based operator has revealed two new appointments to its top level board.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
National Industries Group Holding said that it has raised enough finance to repay the Sukuk when it matures on August 16.
The salary of an advertising creative director has jumped almost 23% in 2012
The telecoms operator reported a net profit of around $251.58 million in the second quarter of the year.
The Gulf state’s surplus for 2011/2012 was boosted by increased oil income and lower spending.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.
The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.
The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.
Analysts expect Kuwait’s ruler to dissolve the parliament in order to allow fresh elections later this year.
Fawaz Al-Hasawi is in the final stages of purchasing one of England’s most famous football clubs.
At least seven governments have stepped down in recent years because of political deadlock.
Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.
The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
Kuwait’s ruler has suspended the parliament for one month amidst rising political tension in the country.