Friday 24 October 2014
 
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Kuwait

Huawei’s plans for development in Kuwait discussed

Leading information and communications technology solutions provider Huawei’s plans for development in Kuwait over the next few years was the focus of a friendly discussion between top officials. Sheikh Jaber Mubarak Al Hama

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Jazeera Airways Q3 profits soar 22.6pc

Kuwait-based Jazeera Airways Group today announced a record net profit of KD8.1 million ($28 million) for the third quarter of this year, up 22.6 per cent from KD6.6 million ($22.82 million) during the same period in 2013, making it the company&

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Saudi-Kuwait oilfield halt hits Asia crude supplies

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Re

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Mezzan Holding to sell 30pc of shares in IPO

Mezzan Holding, a Kuwaiti producer and distributor of food and fast-moving consumer goods, said on Monday it would float 30 per cent of its stock in an initial public offer, the country's first since the 2009 financial crisis.

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Mezzan applies for listing on Kuwait Stock Exchange

Mezzan Holding has filed an application with Kuwait’s Capital Markets Authority to list on the Kuwait Stock Exchange (KSE). The company plans to list on the official bourse following a secondary offering of 88.95 million sha

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Abu Dhabi to build on rising Kuwaiti visitor figures

Abu Dhabi’s tourism industry is heading to Kuwait later this month for a major promotion at The Avenues Mall endorsing the UAE emirate as a popular holiday destination. The promotion will run from October 23 to 25 and feature repr

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Gulf Bank Q3 net profit up 11.2pc

Kuwait's Gulf Bank, the Gulf state's fourth-largest lender by assets, reported a 11.2 per cent rise in third-quarter net profit on Sunday, according to Reuters calculations. The bank made a net profit for the three months

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Saudi-Kuwait oilfield halted due to 'environmental issues'

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.

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Kuwait petchem firm launches $1bn loan

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1-billion loan into syndication, said bankers. The deal is being led by a consortium of international and l

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Kuwait's Asar wins national law firm award

Asar - Al Ruwayeh & Partners, a prominent corporate law firm in Kuwait, said it has won the “National Law Firm of the Year Award” for the sixth consecutive year. The award for 2014 was presented by the Internationa

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