Tag: Kuwait
Brazil’s WEG secures equipment contract for Duqm refinery project
Brazil’s WEG will be the supplier of both medium, and low-voltage equipment for the Duqm refinery in Oman.
A global leader in motor, drive and...
Kuwait’s CMA to Start Stake Sale of Bourse to Local Investors
(Bloomberg) -- The Kuwait Capital Market Authority will start next month a public offering of its 50% stake in the local stock exchange.
Only Kuwaiti...
ABK – Simplify, Transform, Grow
Since its establishment in 1967, Al Ahli Bank of Kuwait (ABK) has progressed to become one of the leading Kuwaiti banks offering integrated and...
World Wealth Report: Global rich ‘poorer’ but Middle East Millionaires buck the trend
The world’s richest people may not be as wealthy as they were, according to French technology consulting firm Capgemini's 2019 World Wealth Report that...
Kuwait 2018/19 Budget Gap Narrows to $11 Billion on Higher Oil
(Bloomberg) -- Kuwait’s budget deficit narrowed to 3.35 billion dinars ($11 billion) in the last fiscal year, down 31% from a year earlier on higher-than-anticipated...
Kuwaiti Stocks End Longest Winning Run in Three Years
(Bloomberg) -- Traders taking profit from Kuwait’s longest-winning streak since at least 2016 sent the nation’s main stock index to its first loss this month.
The...
Kuwait Exchange Sees $2.8 Billion of Inflows on MSCI Upgrade
(Bloomberg) -- MSCI Inc. will probably upgrade Kuwaiti equities to its main emerging-market index this week, which could trigger $2.8 billion of inflows from passive...
CITRA, Microsoft collaborate to host AI workshop
Reiterating its commitment to support government digital initiatives, the Communication & Information Technology Regulatory Authority (CITRA), in association with Microsoft, announced its inaugural OpenHack...
Kuwait Petroleum Said to Reassess $500 Billion Spending Plan
Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business...
Kuwait announces initiative for $200m technology investment fund
The GCC state will give $50m to the fund to allow investment in the fields of technology and digital economy
Kuwait is launching an initiative...