Thursday , September 20 2018

Tag Archives: investment

KIA posted loss of $1bn in fiscal year

Fund denies reports of bigger losses KUWAIT CITY, May 23, (RTRS): Kuwait Investment Authority (KIA), one of the world’s biggest sovereign wealth funds, said it had incurred a loss of 312 million dinars ($1.03 billion) in the financial year ended in March 2016, according to the country’s state news agency. …

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Saudi King launches investment drive in Asia – Kingdom seeks to bolster economy

RIYADH, Feb 26, (RTRS): Saudi Arabia’s King Salman started a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen …

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Legislative panel rejects rise for China-led Asian Investment Bank – ‘Pilots must be returned to KAC’

KUWAIT CITY, Dec 18: The Finance and Economic Committee of the National Assembly received an Sunday a letter from the government requesting it to approve an increase in the capital of the Asian Investment Bank comprising 57-member states founded in China in which the US and Japan have refused to …

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Qatar’s investment in Russia – Deal to boost Kremlin economy

Last week, Qatar purchased 19.5 percent shares of Roseneft at a price of 10.5 billion euros, but it is only going to pay 300,000 million euros for its part, and will receive over 220,000 barrels of oil supply per day. The deal of such magnitude will certainly boost the Russian …

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KUWAIT CITY, Sept 7, (KUNA): His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Wednesday called for luring capital into the country to help diversify the economy and create job opportunities. His Highness the Amir emphasized the necessity of taking action to attract capital, diversify the national economy, create …

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High public investment underpins growth

Relatively high public investment will continue to underpin Qatari economic growth, especially in the non-hydrocarbon sector. Coupled with output gains in the hydrocarbon sector related to the launch of the Barzan gas production facility in 2016, economic activity is expected to remain rather buoyant. In an effort to control public …

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Kuwait paves ‘lucrative’ business environment for foreign investors

KUWAIT CITY, May 26, (KUNA): Kuwait, in its quest to honor His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s vision to be a regional financial and commercial hub, has opened its doors for foreign investment to further promote already-active business environment. There are huge investment potentials in Kuwait, where …

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KDIPA looking forward to extensive investment forum

KUWAIT CITY, Jan 16, (Agencies): The Kuwait Direct Investment Promotion Authority (KDIPA) is hard at work to complete the organizational requirements and measures for its first investment promotion forum, KDIPA said in a statement on Saturday. KDIPA is keen that the pivots of the Kuwait Investment Forum, slated for March …

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Ambassador Awadhi calls for increasing India-Kuwait trade

NEW DELHI, Nov 28, (KUNA): Kuwait’s Ambassador to India Fahad Ahmad Al-Awadhi urged increase of trade between India and Kuwait through boosting investments. He made the call while inaugurating the commercial operations of NAPESCO India, a subsidiary of NAPESCO International Petroleum Services Company (Kuwait) at Special Economic Zone of Chennai. …

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‘Private firms investments KD 3.5b in govt’s projects’ – Law seeks boost in FDI: Al-Sharrah

KUWAIT CITY, Oct 12, (KUNA): Secretary General of the Union of Investment Companies Dr Ramadan Al-Sharrah said on Monday overall private sector’s investments in the State development projects amounted to KD 3.5 billion in 2015. In a statement, Al-Sharrah said the new corporate law aims at boosting direct foreign investments, …

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