December 16, 2013
A special company was established for the project in which the winning consortium has a stake of 40 percent and the government holds 10 percent, while 50 percent is to be distributed to citizens as free shares
National Bank of Kuwait (NBK) is participating in a consortium of international banks to arrange a loan of $1.43 billion to finance the first phase of the Az-Zour North Power and Desalination Project in Kuwait.
December 11, 2013
Kuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said
December 9, 2013
London Bridge Holdings had originally planned to refinance More London by next summer but decided to sell the asset due to the attractive offer made by St Martins, which already owns property in London.
December 8, 2013
Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.
December 5, 2013
Kuwait is due to receive approximately $744 million in a few days from the United Nations Compensation Commission (UNCC) for disbursement in environmental rehabilitation
Al-Sabah was quoted in the statement as saying that in the coming period, Kuwait would give priority to the projects that affect Egyptian citizens.
December 4, 2013
Kuwait awarded Spain-based Isolux Corsan a contract worth $105 million to develop cable infrastructure in the Gulf country.
December 3, 2013
Kuwait Airways is considering issuing sukuk to finance an Airbus deal involving the purchase of 25 new planes and 12 leased aircrafts.
The NBK said the near-term outlook for exports looked solid
November 26, 2013
Sami al-Nisf was suspended after plans to buy used aircraft despite a government request to stop the deal.
November 24, 2013
In December, Kuwait Airways dropped legal cases against Iraqi Airways in return for compensation of $500 million.
November 20, 2013
Kuwaiti officials are denying that money from the Gulf country is flowing to the war-torn country of Syria to fund extremist rebel groups. However, a New York Times report issued earlier this week suggests otherwise.
Kuwait is pumping billions of dollars into projects to expand its oil production capacity to four million barrels per day from three mbpd within a strategy to maintain its position as one of the world’s largest crude exporters, a Kuwaiti official has said.
November 19, 2013
Arab and African leaders take part in a summit meeting in Kuwait city on November 17, 2013, to review steps to promote economic ties between wealthy Gulf states and investment-thirsty Africa.