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Kipco nine-month profit up 17pcThe Kuwait Projects Company (Kipco) has announced a net profit of KD37.2 million ($123.1 million) for the first nine months of 2015, an increase of 17 per cent on the KD31.82 million ($105.3 million) reported for the same period of 2014. More… |
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Drake & Scull takes over Kuwait MEP firmDrake & Scull International (DSI) said it has acquired the Kuwait-based electrical contracting division of the company, jointly owned by Drake & Scull Group and Kuwait Holding Company. With this acquisition, DSI will own 75 per cen More… |
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Moody's downgrades KipcoKuwait Projects Company Holding (Kipco), whose subsidiaries include Bahrain-based United Gulf bank (UGB), has been downgraded by Moody's Investors Service. The ratings agency has changed its outlook to on the company to negative from stabl More… |
