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Financials and Investment News in Kuwait

Iraq Seeks US Help in Tracing Money-Laundry Schemes for ISIL
6/10/2015 - Iraq seeks the help of the US Treasury Department in tracing money-laundry schemes and tightening international procedures in order to prevent ISIL benefiting from such funds, a senior official said o...
Sheikha Fadia Saad Al-Abdullah Signs Int'l MoU for Protecting Environment
6/13/2015 - Sheikha Fadia Saad Al-Abdullah Al-Sabah, the chair of Al-Saad charity for knowledge and scientific research, has signed a memorandum of understanding with the Regional Environmental Center for Central...
British Business Delegation to Visit Kuwait Late Feb.
11/14/2015 - Chief Executive Officer of Pathfinder Trade and Invest Michael Thomas announced the organization of a visit of a delegation of British businessmen to Kuwait from 21 to 25 February in order to discuss ...
Kuwait, Egypt Sign KD 30 M Loan Agreement for Power Project
11/23/2015 - The Kuwait Fund for Arab Economic Development (KFAED) and the Egyptian government have signed a loan agreement worth KD 30 million (about USD 98.7 million) to contribute to financing the Egypt-Saudi p...
Kuwait Donates USD 1.1 Mln to Charities in Jordan
11/23/2015 - Kuwaiti Ambassador to Jordan Dr. Hamad Al-Duaij handed over a collection of donations of USD 1.1 million to two charitable organizations supporting the Syrian refugees.

The donations came fr...
Financial Reserves Stabilize Kuwait's Economy Against Challenges
11/29/2015 - Kuwait's economy was steady against challenges and changes due to the huge amounts of the state's financial reserves, said Chairman of the National Bank of Kuwait (NBK) Nasser Al-Sayer. Kuwait's sover...
Kuwait Donates $ 758,000 to aid Syrian Refugees in Jordan
11/29/2015 - Kuwait's Ambassador to Jordan Dr. Hamad Al-Duaij has handed out a USD 758,000 worth of aid to two charitable societies in Jordan to help improve the humanitarian situation of the Syrian refugees and n...
Kuwait: Prices of private houses increased in past 7 years
11/30/2015 - Plots' prices in the local private property sector drastically increased in the past few years due to low supply and mounting demand, according to a report released by the Kuwait Real-Estate Union.
Kuwait could Adjust Fiscal Status to Face Oil Prices Decline
12/2/2015 - The State of Kuwait could adjust its fiscal status in response to the recent decline in oil prices and revenues through applying a sizable investment spending policy, the International Monetary Fund (...
Kuwait Lifts Ban on White Meat Imports
12/5/2015 - Kuwaiti Municipality's Food Safety Commission has recommended lifting the ban on white meat imports from Italy, India, Turkey, Romania, and Bulgaria.

The decision was taken upon a resolutio...
Credit Growth 6 pct in Sept.2015
12/8/2015 - Credit recorded a big gain in September, with growth accelerating to 6 percent year-on-year (y/y), as total credit rose by a net KD 693 million during the month, the strongest gain since May 2007, the...
Capital Market Ends 3rd Phase of Awareness Workshop
12/12/2015 - The Capital Market Authority has finalized third phase of its awareness workshop designed to promote its executive by-laws, in effect since November 10th.

The CMA in a statement issued, shed...
Kuwait, Japan enjoy "strong" Investment Ties
12/13/2015 - Kuwait Direct Investment Promotion Authority (KDIPA) Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Jaber Al-Sabah said that Kuwaiti-Japanese relations in the fields of investment and economy a...
KFAED Signs KD 6 Million Loan Agreement With Niger
12/16/2015 - Kuwait Fund for Arab Economic Development (KFAED) signed a KD six million loan agreement with Niger to fund a transportation project. A statement by KFAED said the loan will fund constructoin of a 92 ...
Kuwait Contributes Annual $300m in Egypt Development Aid
12/20/2015 - Kuwait Fund for Arab Economic Development (KFAED) is contributing USD 300 million worth of annual developmental aid to Egypt, KFAED Director General Abdulwahab Al-Bader announced.

In a statem...
Kuwait, Egypt Sign $ 20 mln to Improve Education Services
1/15/2016 - The Kuwait Fund for Arab Economic Development (KFAED) and Egypt's government signed a grant agreement worth USD 20 million for improving education services and building 30 schools slated for next year...
Mexican Pres. Visits Kuwait Commerce, Industry Chamber
1/20/2016 - The President of Mexico Enrique Pena Nieto and his delegation visited Kuwait Chamber of Commerce and Industry (KCCI).

President Nieto, who was accompanied by Amiri Diwan Advisor Sheikh Fahad...
Kuwait: Despite Economic Trouble, $120 bln Mega Projects Executed
2/15/2016 - Regardless of the current economic situation, primarily dwindling oil prices, major development projects valued in the vicinity of USD 120 billion are being carried out, said a Kuwait Chamber of Comme...
KFAED Signs KD-4.5-mln Loan Deal with Swaziland
2/19/2016 - The Kuwait Fund for Arab Economic Development (KFAED) and the Kingdom of Swaziland have signed a KD-4.5-million loan agreement for financing a hospital project in the kingdom.

The signing ce...
Kuwait's 1st Commercial Fair Promotes Ties in all Fields
2/21/2016 - Minister of Commerce and Industry Yousef Al-Ali said on Sunday that the first international Kuwait Trading Fair "Kuwait Heart of the Commercial World" contributes to enhancing relations in all fields....

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