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Tag: Kuwait

Posted on August 22, 2023

Kuwait MinFin to Transfer Land Plots Worth Billions to PIFSS

Kuwait’s Ministry of Finance is in the process of transferring ownership of land plots worth 2.5 billion Kuwaiti dinars (US$ 8.1 billion) to Kuwait’s Public Institution for Social Security Fund (PIFSS …

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Posted on August 20, 2023

Kuwait’s Shipbuilding Co., Knpc Sign Kd-91.7-Mln Contract

Established in Kuwait in 1974 and listed on the stock exchange in 1984 with an authorized capital of KD 22 million (around 67 million), HEISCO has a diversified range of business in oil and gas, …
Posted on August 20, 2023

Kuwait’s Shipbuilding Co., Knpc Sign Kd-91.7-Mln Contract

Established in Kuwait in 1974 and listed on the stock exchange in 1984 with an authorized capital of KD 22 million (around 67 million), HEISCO has a diversified range of business in oil and gas, …
Posted on August 20, 2023

Kuwait cabinet okays proposal to pay social allowance to owners of micro-enterprises

The Cabinet approved granting monthly social allowance and children’s allowance to Kuwaiti owners of micro-enterprises and businesses of a special nature …
Posted on August 19, 2023

Kuwait: Sales in residential property sector down

Sales in residential property for the first half of 2005 saw … according to an economic brief by the National Bank of Kuwait (NBK) released on Tuesday. The losses were due to lower activity …

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Posted on August 18, 2023

Kuwait Fund Names New Head of UK Arm Year After Ousting Ex-CEO

(Bloomberg) — Kuwait’s $700 billion sovereign wealth fund appointed Abdulmohsin Al-Mukhaizeem as the permanent head of its London arm, just over a year after the unit’s former boss was ousted. Most …
Posted on August 18, 2023

Kuwait Fund Names New Head of UK Arm Year After Ousting Ex-CEO

(Bloomberg) — Kuwait’s $700 billion sovereign wealth fund appointed Abdulmohsin Al-Mukhaizeem as the permanent head of its London arm, just over a year after the unit’s former boss was ousted. Most …
Posted on August 18, 2023

Analysis-Asia’s refiners face profit crunch as Kuwait cuts crude exports

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour …
Posted on August 18, 2023

‘Barbie’ Rolls Out in Saudi Arabia With Pink Abayas, Slushies and Éclairs, but Gets Banned in Other Muslim Countries

Censor boards and authorities in Kuwait, Lebanon and Algeria say the movie contains objectionable content, but not all conservative Muslim countries are pushing back.
Posted on August 18, 2023

Kuwait sovereign wealth fund’s London unit appoints new CEO -Global SWF

Kuwait Investment Office (KIO), the London branch of Kuwait’s sovereign wealth fund, has hired Abdulmohsin Al Mukhaizeem, investment chief at Kuwait’s Wafra International Investment, as its new CEO, …

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