DUBAI- Kuwait Finance House on Thursday reported a 22% drop in fourth-quarter net profit and a 40.9% drop in 2020 net profit, blaming the annual fall on a sharp slide in investment income and a rise …
Kuwait wealth fund’s diplomatic immunity challenged in UK 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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …