Friday 24 October 2014
 
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Kuwait

Alafco to spend $600m buying aircraft over two years

Kuwait's Aviation Lease & Finance Co (Alafco), a unit of Kuwait Finance House (KFH), plans to spend about $600 million buying 15 new aircraft over the next two years to cover a gap before it receives already-ordered planes in 2017, the c

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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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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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