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Tag: Kuwait

Posted on February 4, 2021

Kuwait sovereign wealth fund’s diplomatic immunity challenged in tribunal

A UK employment tribunal has been told the London-based Kuwait Investment Office cannot rely on state or diplomatic immunity because the sovereign wealth fund is a “separate legal entity” and not part …

( read original story …)



Posted on February 3, 2021

Kuwait transfers assets to wealth fund to unlock cash

Kuwait has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to cover its budget shortfall. Kuwait’s government has transferred the last of its …

( read original story …)



Posted on February 3, 2021

Kuwait transfers assets to wealth fund to unlock cash

Kuwait has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to cover its budget shortfall. Kuwait’s government has transferred the last of its …

( read original story …)



Posted on February 3, 2021

Rating agency Fitch cuts outlook on Kuwait’s debt rating to ‘negative’ from ‘stable’

Rating agency Fitch on Wednesday downgraded its outlook on Kuwait’s sovereign debt rating to “negative” from “stable”, warning of near-term liquidity risks associated with the state treasury fund. For …

( read original story …)



Posted on February 3, 2021

Halliburton to Provide Digital Solutions for Kuwait Oil Company

Halliburton Company today announced it was awarded a contract from Kuwait Oil Company to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions …

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Posted on February 3, 2021

Halliburton to Provide Digital Solutions for Kuwait Oil Company

Halliburton Company today announced it was awarded a contract from Kuwait Oil Company to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions …

( read original story …)



Posted on February 3, 2021

Fitch cuts Kuwait’s outlook to negative as reforms are delayed

Kuwait’s rating outlook was cut to negative from stable at Fitch as political bickering delays reforms and stymies borrowing. “The revision of the outlook reflects near-term liquidity risk associated …

( read original story …)



Posted on February 3, 2021

Fitch cuts Kuwait’s outlook to negative as reforms are delayed

Kuwait’s rating outlook was cut to negative from stable at Fitch as political bickering delays reforms and stymies borrowing. “The revision of the outlook reflects near-term liquidity risk associated …

( read original story …)



Posted on February 3, 2021

Seafarers on hunger strike, hospitalised in Kuwait to stop families going hungry

After 11 months without pay for their families, 19 seafarers on board the MV Ula bulk carrier in the port of Shuaiba, Kuwait have gone on a hunger strike. The mixed crew from India, Turkey, Azerbaijan …

( read original story …)



Posted on February 3, 2021

Fitch cuts outlook on Kuwait’s debt rating to ‘negative’

Rating agency Fitch said on Wednesday it downgraded the outlook on Kuwait’s sovereign debt rating to “negative” from “stable”, saying it saw near-term liquidity risks associated with the state …

( read original story …)



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