Wednesday 26 November 2014
 
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Kuwait

Mabanee to spend $910m on Kuwait mall extension

Kuwaiti real estate firm Mabanee said on Wednesday it would spend KD265 million ($910 million) on building the fourth phase of its The Avenues mall development. The total project cost, including the fourth phase, stands at KD610 m

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Jazeera Airways reports 5pc increase in passengers

Kuwait-based Jazeera Airways has reported a 5 per cent increase in the total number of passengers in September compared to the same period last year. The airline witnessed an on-time performance of 96 per cent and also reported a 9 per

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Kuwait's KNPC to invest $40bn up to 2022

Kuwait National Petroleum Co (KNPC) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said.   Mohammed Ghazi Al Mutairi said in a

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Dow Chemical CEO says not quitting Kuwait, but shifting strategy

US petrochemicals giant Dow Chemical is not pulling out of Kuwait but is shifting strategy, its chief executive said, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.  

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Dow Chemical 'not quitting Kuwait, shifting strategy'

US petrochemicals giant Dow Chemical Co is not pulling out of Kuwait but is shifting strategy, its chief executive said, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures. Asked ab

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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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