Sunday 29 March 2015
 
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Kuwait

Agility trims dividend despite 10pc Q4 profit gain

Kuwait's Agility, the largest Gulf logistics group, trimmed its dividend payout for 2014 despite reporting a 10 per cent increase in both its fourth-quarter and full-year net profit. The firm said in a statement on Sunday its

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Kuwait reassures citizens on strategic food stocks

Kuwait has said that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen. "We are continually coordinating with the private

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Saudi, Kuwait to strengthen security after Yemen strikes

Top oil exporter Saudi Arabia and Gulf Opec ally Kuwait will beef up security around their oil facilities, they said, after they and other Arab allies began a military operation in Yemen. Warplanes from Saudi Arabia and Arab allie

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Kuwait may offer stock market stake to foreign operator

The Kuwait Stock Exchange may offer up to 44 per cent of its shares to a company that has experience in operating bourses when it goes public, a senior government official told Reuters on Thursday. Such a move, which still require

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Kuwait raises security at oil facilities due to Yemen strikes

State-run Kuwait Petroleum Corp (KPC) said the Opec member has raised security around its oil facilities inside and outside the country after Saudi Arabia and Arab allies began a military operation in Yemen.   &q

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Kuwait's commerce minister quits

Kuwait's Minister of Commerce and Industry Abdulmohsen Al-Madaj resigned on Wednesday, becoming the second cabinet minister to quit this month after facing public criticism. The emir of Kuwait accepted the resignation of Madaj

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ABB wins substation upgrade deal in Kuwait

ABB, a leading power and automation technology group, has won an order worth $12 million from the Ministry of Electricity and Water (MEW) of Kuwait to refurbish and upgrade three existing substations. This is to help ensure reliab

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ABB wins substation upgrade deal in Kuwait

ABB, a leading power and automation technology group, has won an order worth $12 million from the Ministry of Electricity and Water (MEW) of Kuwait to refurbish and upgrade three existing substations. This is to help ensure reliab

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Kuwait trade surplus shrinks 44pc in Q4

Kuwait's foreign trade surplus narrowed 44 per cent from a year earlier to KD3.33 billion dinars ($11.1 billion) in the fourth quarter of 2014, data from the Central Statistical Bureau showed on Monday. Exports decreased to KD

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Kirby Building Systems sees big potential in Africa

Kirby Building Systems, a global leader in pre-engineered steel building (PEB) systems, plans to make significant efforts to penetrate the vast African market following its success in the Middle East. “We will be ventur

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