Wednesday , April 25 2018

Business

May pitches London exchange to Saudis for ‘massive’ Aramco IPO

Kingdom weighs which international market to list shares of oil giant RIYADH, Saudi Arabia, April 5, (AP): Britain’s prime minister pitched the benefits of the London Stock Exchange during a visit to Saudi Arabia on Wednesday as the kingdom weighs which international market to list shares of oil giant Aramco …

Read More »

NBK Capital to launch its latest investment vehicle

KUWAIT CITY, April 5: NBK Capital has announced that it will launch its MENA Real Estate investment vehicle that is currently in the final stages of registration with the Central Bank of Bahrain. The MENA Real Estate investments platform will augment the highly successful MENA Private Equity and Private Credit …

Read More »

KIPCO’s diversification, operational strength will help to face challenges

KUWAIT CITY, April 5: At its Annual Shafafiyah ‘Transparency’ Investors’ Forum, KIPCO — the Kuwait Projects Company (Holding) — said that external challenges such as regulations, currency fl uctuation and oil prices, will impact the company’s profitability in 2017. However, KIPCO’s diversified investments, the strong support it has from its …

Read More »

Closing down Shuaiba Refinery to cost KD 80m in revenue generated

Move will minimize refinery capacity of Kuwait by 50 pc KUWAIT CITY, April 4: Recent report alleging Shuaiba Refinery will be sold as scrap has come as a surprise since many refineries around the world have been operating for 100 years and still functioning, says Al-Shahed daily. The daily quoting …

Read More »

GCC banks should adapt fast with disruptive technologies: Marmore

Study highlights potential impact of Blockchain tech on various sectors KUWAIT CITY, April 4: Marmore MENA Intelligence, a research subsidiary of the Kuwait Financial Centre “Markaz,” recently rolled out its report “From Bitcoin to Blockchain.” In this release, Marmore fathoms the potential impact of the Blockchain technology on various sectors …

Read More »

Iran’s Aseman Airlines signs deal to buy Boeing jets

Airline to purchase at least 30 Boeing 737 MAX aircraft DUBAI/PARIS, April 4, (RTRS): Iran’s Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the US planemaker since President Donald Trump took office vowing to take a …

Read More »

AIM 2017 to focus on topics for attracting FDIs

Attendees include renowned personalities, key decision makers DUBAI, UAE, April 3: The Annual Investment Meeting (AIM 2017) has brought together on day two a wide range of attendees including renowned personalities, key decision makers in industry, finance and politics from the MENA region and around the globe. This edition is …

Read More »

Trump’s pro-business stance buoys Saudi effort: Prince Saud

DUBAI, United Arab Emirates, April 3, (AP): The Saudi prince tasked with attracting foreign investment said Monday that US President Donald Trump’s pro-business administration can be a good thing for the kingdom as it overhauls its economy and prepares to publicly list shares of state-owned oil giant Aramco. Prince Saud …

Read More »

Kuwait set to import fuel oil in 2018: KNPC CEO

Imports needed after start-up of Clean Fuel Project DUBAI, April 3, (RTRS): Kuwait is set to import fuel oil to use mainly in power generation for about a year following the start-up of the Clean Fuel Project by 2018, the chief executive of state refiner Kuwait National Petroleum Co (KNPC) …

Read More »

KAMCO acquires Amazon’s largest UK distribution warehouse

Deal worth approximately 61 mln sterling pounds KUWAIT CITY, April 2: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, acquires Amazon’ UK Services Ltd’s largest distribution warehouse for approximately 61 million sterling pounds. KAMCO announced that the acquired property is leased to …

Read More »
Translate »