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Financials and Investment News in Kuwait

Kuwait Plans to Tap International Debt Markets to Finance Deficit
7/3/2016 - Kuwait said it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.

The oil-rich Gulf state plans to "bo...
Kuwait Studies Privatization of Oil Services, not output
7/12/2016 - Kuwait is considering privatizing its oil services sector, a senior finance ministry official said, although any plans would not include its production capability.

The finance ministry and st...
Kuwait May Coordinate With Saudis on $20 Billion Bond Clash
Kuwait May Coordinate With Saudis on $20 Billion Bond Clash 7/13/2016 - Kuwait is open to liaising with neighboring Saudi Arabia on its planned debt sale as the two OPEC nations prepare to test investor appetite for about $20 billion of bonds.

“If it’s required a...
Kuwaiti's Zain Interested in Egypt 4G Licence
7/17/2016 - Kuwaiti mobile operator Zain has expressed interest in applying for a fourth-generation licence in Egypt, a senior telecommunications ministry official said.

The sale of 4G licences is part o...
Kuwaiti MP Stresses Economic Cooperation for Asian Countries
7/26/2016 - The Kuwaiti MP Hamoud Mohammad Al-Hamdan stressed increased economic cooperation for the social development of the Asian region during the two-day Asian Parliamentary Assembly (APA) meeting of standin...
Amb. Al-Bader, W. Australia Gov. Discuss oil, food Investments
7/26/2016 - Kuwait's oil and food investments in Western Australia were the focus of talks Kuwait's Ambassador Najib Abdulrahman Al-Bader discussed with the region's governor, Kerry Sanderson. Following the meeti...
Eight Kuwaiti Banks Among world's big 1,000
7/26/2016 - Some eight Kuwaiti banks have maintained their status among the world's biggest 1,000 in 2015, in the first category of capital, the Union of Arab Banks (UAB) Secretary General Wissam Fattouh has said...
KIPCO announces KD 28 mln net profit in 1st half of 2016
KIPCO announces KD 28 mln net profit in 1st half of 2016 7/27/2016 - KIPCO, the Kuwait Projects Company, has announced a net profit of KD 28 million (USD 93 million) in the first six months of 2016, an increase of 10 percent on the KD 25.4 million (USD 84.2 million) re...
Small, medium enterprises crucial for Kuwait economy
Small, medium enterprises crucial for Kuwait economy 8/2/2016 - Small and medium enterprises constitute some of the main pillars for economies -- namely that of the State Kuwait -- at the global level, said the Minister of Information.

The Ministry of Inf...
Kuwait: Cabinet adamant to combat economic challenges
8/3/2016 - National Assembly Speaker Marzouq Al-Ghanim stressed that the Cabinet's decision to start rationalizing fuel subsidies is an indication that it is adamant to take on full responsibility to face the cu...
Kuwait Credit Bank lends KD 14.4 million for housing
8/8/2016 - Total number of property loans given by Kuwait Credit Bank (KCB) in July amounted to 505, value of which estimated at KD 14.4 million, the KCB said in a statement.

Overall loans from the KCB...
CBK: No hacking of Kuwait Central Bank Systems
8/8/2016 - None of the Central Bank of Kuwait (CBK) computer or electronic systems has been hacked, the CBK said.

Anwar Al-Ghaith, in charge of the IT department, said in a statement that the CBK cyber...
KFAED signs $138m deal with Bahrain
8/23/2016 - The Kuwait Fund for Arab Economic Development (KFAED) signed a $138 million agreement with the Bahraini government to fund development projects in the GCC country.

Deputy Director General of ...
Kuwait signs financial coop. accord with British institute
9/4/2016 - Capital Markets Authority (CMA) signed an agreement for cooperation with the Chartered Institute for Securities Investment (CISI), a London-based professional body that caters to employees of the fina...
Kuwait Urges Arab, African Countries to Step Up Economic Cooperation
9/25/2016 - Kuwait said the Arab and African countries should step up economic cooperation as well as plan a new approach for the common future based on genuine partnership.

First Deputy Premier and Fore...
Kuwait, Cyprus seek joint investment
9/27/2016 - Visiting Cypriot Minister of Finance Haris Georgiades met with officials of Kuwait Chamber of Commerce and Industry (KCCI) ways of promoting trade exchange and available investment opportunities for t...
Kuwait Eyes Enhanced Trade Ties with Singapore
9/29/2016 - A delegation from Kuwait's General Secretariat of the Supreme Council for Planning and Development (GSSCPD), on a visit to Singapore, looked over opportunities for increased trade and investment ties ...
Kuwait Committed To Ensuring Welfare of Persons with Disabilities
10/5/2016 - The State of Kuwait reaffirmed its commitment to provision of decent living for the persons with disabilities and integrating them into the society.

The country's vision for 2035 is in keepi...
Kuwait Moving On Right Path towards Economy Diversification
10/9/2016 - Director of the Middle East and Central Asia Department at the International Monetary Fund Masood Ahmad has lauded Kuwait's financial reform document to diversify national economy away from energy sec...
Kuwait Amb. Hopes Investments Revive Kurdistan Economy
10/9/2016 - Kuwait's Ambassador to Iraq Salem Ghassab Al-Zamanan expressed hope that Kuwaiti companies' various investments help to revive economy's infrastructure in Iraq's Kurdistan region.

Kuwait is ...

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