Americana revives stake sale talks
Moves comes just days after negotiations collapsed over valuation issues [...]
Kuwait
Kuwait to sign up Salini-Limak JV for $1bn residential city
Kuwait is expected to sign within two weeks a [...]
Kuwait
Kuwait has done little to diversify its oil-dependent economy, while slow reform has restricted its attractiveness to investors. The country is forecast to post a fiscal deficit of around $27 billion, the first defici [...]
Iran: Kuwait’s missed opportunity
Socially cohesive Kuwait could play a pivotal role in reconnecting Iran to the world, at least on paper [...]
Kuwaiti emir urges government to cut spending
THE EMIR of Kuwait urged the cabinet and parliament to cut state spending in response to slumping oil prices, warning that any delay would increase the damage to the government’s finances. [...]
Kipco plans real estate project
Kuwait Projects Company (Kipco), the country’s largest private sector investment firm, is planning a $5 billion real estate scheme on the outskirts of Kuwait City, vice chairman Faisal al Ayyar told Al Qabas daily newspaper. The 380,000 squar [...]
All at sea
Kuwait Oil Company (KOC) plans to initiate an offshore oil exploration programme within two years to boost output capacity, state news agency KUNA cited the company’s manager of planning Bader al Attar as saying. Al Attar was quoted as saying [...]
Sunshine policy
The government signed a $385 million contract with Spain’s TSK Group for a 50 megawatt (MW) solar energy project as part of a state drive to source 15 per cent of its power from renewable energy by 2030. According to Salem al Hajraf, head of energy [...]
Fighting talk
Kuwait has signed a memorandum of understanding to buy 28 Eurofighter jets with a $9 billion price tag from Italy’s Finmeccanica, BAE Systems and Airbus. Italian industry sources, quoted by the Reuters news agency, said the 20-year deal would [...]
Cash-strapped Iraq postpones war payments
A UNITED Nations body has agreed to let Iraq postpone its final payment of reparations to Kuwait for the 1990-91 Gulf War, in an effort to help ease Baghdad’s cash-strapped budget. [...]
Projects
