Wednesday , October 17 2018

Business

EQP announces launch of innovative Viridis 25

Project complies with European regulations KUWAIT CITY, Oct 10, (KUNA): Equipolymers (EQP), a subsidiary of EQUATE Group for petrochemicals, has announced the launch of the innovative ‘Viridis 25’, which will provide a new category of polyethylene terephthalate (PET) used in the production of beverage bottles through (thermoforming). In a statement …

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KNPC to meet companies qualified for Al-Dibdibah Solar Power Plant project worth KD 520 million

KUWAIT CITY, Oct 9: Kuwait National Petroleum Company (KNPC) will soon hold the first preliminary meeting with companies qualified for the Al-Dibdibah Solar Power Plant project, reports Al-Rai daily quoting sources. Sources disclosed a budget of KD 520 million has been allocated for the power plant that is expected to …

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$29 m spare parts for Al-Zour power station

KUWAIT CITY, Oct 9: Minister of Oil, Electricity and Water Bakheet Al-Rasheedi has inked a contract, worth KD 9 million ($29 million), for importing original spare parts for Al-Zour power station. A ministry statement released on Tuesday said the purchased parts would be fitted to the burners and pumps for …

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Construction ongoing of 700 industrial buildings

KUWAIT CITY, Oct 9: Construction of 700 industrial buildings in Shadadiya and Salmi will be completed by the end of 2019 or beginning of 2020, reports Al-Anba daily quoting informed sources. They said the announcement about this project constitutes a big strategic challenge for Ministry of Commerce and Industry as …

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Kuwait economy growth at 2.33% in 2018 … 4.06% in 2019

IMF CUTS WORLD ECONOMIC GROWTH FORECASTS ON TARIFFS, STRAINS KUWAIT CITY, Oct 9, (Agencies): The economy of Kuwait is expected to grow by 2.33 percent this year and 4.06 percent in 2019 according to the World Economic Outlook that the International Monetary Fund (IMF) released Tuesday. Oman is predicted to …

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Effective plans for startups, says minister of commerce

KUWAIT CITY, Oct 8, (KUNA): Minister of Commerce and Industry Khaled Al- Roudhan announced on Monday that his department had mapped out “tangible and effective” schemes to back up emerging companies in Kuwait. Speaking on sidelines of the Arabnet Kuwait Conference, he voiced satisfaction at Kuwait young entrepreneurs for “coping …

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Kuwait’s market little changed; volume dips

NBK adds 3 fils, Zain slips KUWAIT CITY, Oct 8 : Kuwait stocks trod water on Monday after closing last session in red. The All Shares Index inched 1.55 pts lower to 5,308.2 pts even as the stocks seesawed in a narrow range in absence of strong catalysts. Most of …

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KFH takes part in IMF, WBG 2018 Meetings in Indonesia

Group CEO heads delegation KUWAIT CITY, Oct 8: Kuwait Finance House (KFH) is participating in the 2018 Annual Meetings of the International Monetary Fund and World Bank Group to be held in Bali, Indonesia. KFH High-level delegation headed by the Group CEO Mazin Al-Nahedh, in addition to the Bank’s leaders …

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Kuwaiti market edges down in volatile trade

Ooredoo drops 13 fils, Jazeera Airways flat KUWAIT CITY, Oct 7: Kuwait stocks edged lower on Sunday following last week’s losses. The All Shares Index slipped 6.5 pts in volatile session to 5104.76 points weighed by some of the frontline stocks even as the broader sentiment remained mixed. The Premier …

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Wataniya Airways currently negotiating with govt to settle claims

Financial settlement includes Wataniya’s waiver on its real estate assets KUWAIT CITY, Oct 7: Wataniya Airways is currently negotiating with the government to settle claims related to the cancellation of some flights and the action taken by the executive authority for the airways to operate charter flights, reports Al-Anba daily …

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