Friday, May 24, 2019

Partly, fully-owned Kuwaiti firms in Qatar worth USD 706 Minister – Official

Around 400 businesses partly and fully­ owned by Kuwaiti firms currently operate in Qatar amassing a total KD 214 million (USD 706 million) in...

Kuwait Petroleum is said to reassess $500 billion spending plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units...

KNPC to export 120,000 bpd to Asia – Official

Kuwait National Petroleum Company (KNPC) signed new contracts with Asian countries to export 120,000 barrels of oil per day to them, said Deputy Managing...

Kuwait commerce ministry says exports surged to KD 2 mln last month

Kuwait's exports rose by KD two million (USD 6.565 million) in December, as compared to the previous year, the ministry of commerce and industry...

Kuwait Minister Al-Aqeel affirms significance of ‘green, blue’ economies

Kuwait's Minister of State for Economic Affairs Maryam Al-­Aqeel stressed the importance of thinking seriously about making the transition to the so­called "Green" and...

Foreigners can own, trade local bank shares in Kuwait

The Kuwaiti Ministry of Commerce and Industry has issued a decision allowing foreign investors to own and trade in Kuwaiti banks’ shares. But the...

Gulf Bank holds AGM and announces Cash Dividend of 10 fils per share

Gulf Bank concluded its Ordinary Annual General Meeting No. 58, held at the Jumeirah Beach Hotel- Kuwait, on Monday, 11 March with a 75.40%...

Kuwait 49th among 109 states in luring investments – Authority

Kuwait is in the 49th rank among 109 business­lucrative states globally, says a leading entrepreneur. The Gulf country had lured USD 15.2 billion worth...

Kuwait bourse privatisation crucial to attracting investments – Minister

Kuwait stock exchange's recently ­agreed partial privatisation is an important step towards attracting and boosting investments in the local financial market, a minister said...

Kuwait announces plan for $200 million tech investment fund

Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh...

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