Saturday 22 November 2014
 
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Kuwait

Kuwait Airways to buy 10 Boeing 777-ER planes

Kuwait Airways has agreed to buy 10 widebody 777-300ER passenger aircraft from manufacturer Boeing to upgrade its fleet, the airline's chairwoman said on Thursday. The deal has a value of $3.3 billion at list price, although a

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Jazeera official carrier of Nuqat Creative Conference

Kuwait-based Jazeera Airways partnered with Nuqat, a pioneer cultural organiser in the Arab world, as the official carrier of this year’s Nuqat Creative Conference. Around 24 artists and creatives presenting in the Conference had

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Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.  

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Kuwait cabinet calls for steps to address oil price slide

Kuwait's cabinet called for practical steps to address the slide in oil prices at a special session convened to examine weakening energy markets, official media in the petroleum-dependent Opec member country reported.  

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Kuwait to let banks trade forex derivatives

Kuwait's dinar rose sharply against the US dollar in the forwards market on Monday in response to news that the Kuwaiti central bank would allow local banks to deal in derivatives with foreign banks. Al Rai newspaper in Kuwait

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Action, Accor sign third Kuwait hotel deal

Action Hotels, an owner, developer and asset manager of branded three- and four-star hotels in the Middle East and Australia, has recently signed a hotel management agreement (HMA) with Accor Group for the long-term management of Action’s

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Oman signs $1.75bn deal for Batinah Expressway project

Oman’s Ministry of Finance has signed a RO673 million ($1.75 billion) deal for a part of the Batinah Expressway project with the Kuwait Economic Development Fund (KEDF), according to a report. The agreement covers a grant of

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Kuwait disputes IMF says economy grew last year

Kuwait's economy grew modestly last year, the government said on Wednesday, contradicting an earlier estimate by the International Monetary Fund that gross domestic product shrank because of lower oil output. The widely differ

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Americana posts 33.6pc Q3 net profit jump

Kuwait Food Company (Americana), whose major shareholder is studying bids for its stake in the firm, posted a 33.6 per cent jump in third-quarter net profit on Wednesday as revenue rose and costs fell. The firm made KD10.9 million

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Americana posts 33.6pc Q3 net profit jump

Kuwait Food Company (Americana), whose major shareholder is studying bids for its stake in the firm, posted a 33.6 per cent jump in third-quarter net profit on Wednesday as revenue rose and costs fell. The firm made KD10.9 million

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