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Obama budget cuts deficit $1.1 trillion over decadeNear-term US deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office (CBO) this week but $1.1 trillion lower than what it estimates over the coming decade. More… |
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Kuwait Airways in financing talks for Airbus orderState-run Kuwait Airways is in talks with local and international banks over some of the financing for an order of 25 new Airbus aircraft it has agreed to acquire, its chairman said on Thursday. "We are negotiating with Kuwai More… |
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Kuwait ruling may threaten economic recoveryA ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects. More… |
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Globe Express bolsters Kuwait servicesGlobe Express Services, one of the world’s top 100 global logistics providers, has announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions in Kuwait. The com More… |
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Investment Dar offers new settlement to creditorsKuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion ($3.5 billion) debt restructuring plan agreed in 2011. More… |
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Kuwait Airways may buy 25 Airbus jetsKuwait is studying plans by its airline to buy 25 Airbus jets, a source with knowledge of the matter said, in the most sweeping overhaul since part of its fleet was seized after Iraq invaded the G More… |
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NBAD appoints new Kuwait managerThe National Bank of Abu Dhabi (NBAD) has appointed May Al Mudhaf as its new regional manager in Kuwait. Al Mudhaf is an experienced banker with a wealth of knowledge and industry contacts gained from her three decades of banking More… |
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Burgan Q1 net income jumps 16pcBurgan Bank Group, the youngest commercial bank and third largest by assets in Kuwait, said its net income, excluding the KD5 million in provisions charges, soared to KD20.4 million ($72 million) thus registering a 16 per cent year-on-year growt More… |
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Agility wins $24.4m KNPC contractAgility, a leading global logistics provider, has announced it has won a $24.4 million contract with the Kuwait National Petroleum Company (KNPC), which is set to begin this month. As part of the contract, Agility will provide oce More… |
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Kuwait inflation slows to 1.6pc in MarchKuwait's inflation slowed to a 1.6 per cent year-on-year (y/y) in March, down from 2.1 per cent last month mainly due to a sharp drop in food prices, said a report. More… |
