Thursday 2 October 2014
 
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Kuwait

Global management withdraws resignations

Global Investment House said its executive management team, including Group chief executive Maha Al-Ghunaim, had withdrawn their resignations after resolving certain unspecified issues with the board. The Kuwait-based firm's m

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Kuwait starting to cut subsidies: IMF

Kuwait's government has started reducing some state subsidy payments and is an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said.  

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Kuwait starting to cut subsidies, says IMF

Kuwait's government has started reducing some state subsidy payments and is in an advanced stage of preparing a plan to cut subsidies for kerosene and electricity, the International Monetary Fund said. Subsidy cuts are an impo

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Kuwait budget surplus up to $44.8bn as spending slows

Kuwait's budget surplus edged up to KD12.9 billion ($44.8 billion) in the fiscal year to last March as government spending fell, largely because of a drop in capital expenditure, finance ministry data showed. The figures sugge

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NREC completes $536m debt refinancing

Kuwait-based National Real Estate Company (NREC), one of the leading real estate companies in the Mena region, has announced the refinancing of a KD154.40 million ($536.4 million) loan facility. The previous KD154.40 million loan

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NREC completes $536m debt refinancing

Kuwait-based National Real Estate Company (NREC), one of the leading real estate companies in the Mena region, has announced the refinancing of a KD154.40 million ($536.4 million) loan facility. The previous KD154.40 million loan

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Gulf Air to launch new Kuwait-Cyprus flights

Gulf Air, the national carrier of Bahrain, has announced the upcoming launch of two weekly flights between Kuwait City and the Cypriot city of Larnaca in response to increased demand from Kuwait. The airline will offer direct, twi

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Kuwait ranks top 3 in MEA mobile subscriptions

Kuwait is set to lead the Middle East in unlocking new mobile broadband business opportunities with its 156.9 per cent mobile subscription penetration placing it among the top three Middle East and Africa (MEA) rankings, a report said.

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DI unit showcases building structures at Big 5 Kuwait

Emirates Building Systems (EBS), a subsidiary of Dubai Investments and a regional pioneer in the design, fabrication and construction of steel structures, is showcasing its latest technology and building structures at a top building and construc

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KFIC acquires prime US property

Kuwait Finance and Investment Company (KFIC) has announced the acquisition of an income generating real estate property in San Francisco, US. The acquisition was carried through a consortium with group of investors through (buy an

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