Tuesday 28 June 2016
 
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Kuwait

Kuwait residential market posts solid growth in May

The activity in the residential market in Kuwait picked up in May following a lull the previous month with the sector netting a sales of KD112.8 million ($373 million), up 88 per cent over April sales, said a report. A total of 27

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Kuwait seeks $1bn damages over Olympic ban

Kuwait is seeking $1 billion in damages from the International Olympic Committee (IOC) for banning the country from international competitions, state news agency Kuna reported. The IOC suspended Kuwait in October 2015, accusing th

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Agility mulls investment in Kuwaiti construction firm

Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National. Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportuni

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Agility mulls investment in Kuwaiti construction firm

Kuwait's Agility said on Thursday it was in preliminary talks about potentially investing into construction firm Kharafi National. Agility, the Gulf's largest logistics firm, was reviewing all possible investment opportuni

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Adeptio mulls $1.65bn loan to fund Americana acquisition

Gulf-based Adeptio is in advanced talks with banks to secure a $1.65 billion bridge loan to fund its purchase of a majority stake in Kuwait Food Company (Americana), banking sources told Reuters on Wednesday. Discussions with the

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Kuwait suspends trading in Agility shares

Shares in Kuwait's Agility were suspended on Wednesday until the company responded to what was published in news reports, the Kuwaiti bourse said in a statement without specifying the nature of the press articles. The largest

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Salini Impregilo consortium inks $955m Kuwait housing deal

A consortium led by Salini Impregilo, an Italian industrial group specialising in the construction and civil engineering business, has won a $955-million contract from Kuwait government to develop an urban residential development on a 12,000-hec

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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Kuwaiti group Americana revives stake sale talks

Kuwait Food Company (Americana) is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources said on Wednesday. Americana, which owns the Middle East

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AESG wins top honours for Kuwait skyscraper project

AESG, a leading UAE-based consultancy firm, said it has received a prestigious award for its role in the development of Al Hamra Tower, the tallest building in Kuwait. This was mainly in recognition of the significant positive imp

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