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Financials and Investment News in Kuwait

Kuwait Eager to Boost Trade with Uruguay
10/10/2016 - A senior official at the Kuwaiti Ministry of Commerce and Industry said they are keen on enhancing trade cooperation with Uruguay.

The ministry's Undersecretary Khaled Al-Shamali made the sta...
Turkey, Russia Agree To Establish Joint Investment Fund
10/10/2016 - Turkish Minister of Economy Nihat Zeybekci and his Russian counterpart Alexey Ulyukaev, signed an agreement to launch a joint investment fund. The USD one billion fund aims to boost relations in many ...
Kuwait, Brunei Sign Mous, Accords at Meeting in Bruneian Capital
10/11/2016 - The Sultanate of Brunei and the State of Kuwait signed four memorandums of understanding, one accord, and a protocol related to cooperation in education, tourism, and diplomacy.

The signing ...
Kuwait: 3 Deals Signed Worth KD 5.8 Mln for Infrastructure Projects
10/17/2016 - Undersecretary of the Ministry of Public Works Eng Awatef Al-Ghuneim, signed agreements worth KD 5.8 million for infrastructure projects in different parts of Kuwait. The first pact includes rehabilit...
Kuwait 56th on Commonwealth Youth Development Index
10/23/2016 - The State of Kuwait has made a drastic improvement on the evidence-based Commonwealth's Global Youth Development Index (YDI), jumping to the 56th spot in 2016 from the 110th in the previous report iss...
Kuwaitis Invest USD 726 Mln in US Real Estates
10/25/2016 - The Kuwaitis have invested nearly USD 726 million in commercial real estates in the United States in 2016, which is up by 45 percent from last year's, a US commercial official said.

There are...
Kuwait's Company Signs Deal to Establish Tourist Project in Dead Sea
10/30/2016 - Kuwait's SQM real estate company signed a USD-1. 5-billion agreement with Jordan Free and Development Zones Group to establish a tourist project in the Dead Sea region.

Following the signing...
Kuwait, Bahrain Ink Deal to Build Joint Fragrance Factory
10/30/2016 - Kuwait's Petrochemical Industries Company (PIC) inked a deal Sunday with Bahrain's National Oil and Gas Authority (NOGA) to build a joint fragrance factory in the Kingdom with an annual production cap...
Kuwait: Public Works Min. Signs Infrastructure Deals worth KD 148 Mln
11/14/2016 - Minister of Electricity and Water and Minister of Public Works, Awqaf and Islamic Affairs Ahmad Al-Jassar signed infrastructure contracts encompassing the areas of Al-Ghous road, Sabah Al-Salem and Se...
IMF Urges Further Kuwait Subsidy Reforms
11/16/2016 - Kuwait must enact further subsidy reforms to trim its budget deficit resulting from low oil prices despite political sensitivity, the International Monetary Fund has said.

Posting its first b...
Kuwait Donates USD Eight Mln for Humanitarian Aid in Mosul
11/22/2016 - Kuwait has recently donated USD eight million to support humanitarian efforts for around 10,000 internally displaced persons in Mosul, Iraq, the UN High Commissioner for Refugees (UNHCR) announced.
KFAED Signs USD 13.6 Mln Loan Agreement with Togo
11/23/2016 - The Kuwait Fund for Arab Economic Development (KFAED) has signed a USD 13.6 million loan agreement with the Republic of Togo to finance development projects in the West African country.

Accor...
Kuwaiti Donates USD 6 Mln to Help Iraqis
11/24/2016 - Kuwait handed in a sum of USD six million to the United Nations Development Programme (UNDP) and the United Nations International Children's Emergency Fund (UNICEF) to provide relief aid to the Iraqi ...
KFAED Strongly Supports Development Projects In Djibouti
11/27/2016 - The Kuwait Fund for Arab Economic Development (KFAED) has always provided assistance to Africa through numerous projects aimed at elevating the economic status of the continent.

In regards t...
Kuwait to Give Tunisia $500 Million in Loans Over Next Five Years
11/29/2016 - Kuwait will provide Tunisia with $500 million in loans over the next five years, Kuwait's finance minister told delegates at a Tunis investment conference.

Western and regional partners have...
Kuwait Inks Agreement for Industrial Cooperation with S. Korean Firm
12/7/2016 - The Ministry of Public Works has signed an agreement for cooperation with the South Korea Institute of Civil Engineering and Building Technology (KICT), part of efforts to ratchet up collaboration bet...
Ensuring Financial Stability Essential in Turbulent Times
12/7/2016 - Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel stressed the importance of ensuring financial stability in turbulent times. Maintaining stability in money world is attained through...
Kuwait's Trade Surplus with Japan Down 1st Time in Three Months
12/19/2016 - Kuwait's trade surplus with Japan shrank 6.6 percent from a year earlier to JPY 27.7 billion (USD 236 million) in November, down for the first time in three months due to weak exports, the Japanese Fi...
Kuwait Keen on Empowering Youth
12/19/2016 - Minister of State for Youth Affairs Sheikh Salman Al-Sabah has affirmed Kuwait's keenness on empowering youths and investing in their activities upon the directives of His Highness the Amir.

...
KFAED Offers Cote d'Ivoire USD 23.8 Mln Loan
12/21/2016 - Kuwait Fund for Arab Economic Development (KFAED) and the Ivoirian government signed an agreement by virtue of which the fund will offer the West African country a soft loan of KD seven million (some ...

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