Friday 22 May 2015
 
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Kuwait

Dilmunia island plot sold for $23.6m

Ithmaar Development Company announced today the sale of a strategic plot on the Dilmunia island in Bahrain to Kuwaiti developer and hospitality investor Kuwait Resort Company, an affiliate of Al Tijaria, the Commercial Real Estate Company.

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Jazeera shareholders approve $66m cash dividends

Shareholders of Kuwait-based Jazeera Airways Group today approved a board proposal for the cash distribution of KD20 million ($66 million) as special dividend for the year 2014. The proposal was approved during the company’s

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Kuwait's Al Ahli Bank buying Egypt bank for $150m

Kuwait's Al Ahli Bank will pay about $150 million to acquire 98.5 per cent of the Egyptian unit of Greece's Piraeus Bank, the Kuwaiti lender said on Thursday. The transaction, which requires approvals from the central bank

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IBM, UBG to accelerate hybrid cloud adoption in Kuwait

United Business group (UBG), a leader in IT infrastructure management, technical support services, IT consultancy and technology resource outsourcing in Kuwait, has partnered with IBM Cloud to transform its business into a managed service provid

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Pace starts work on Saudi shopping centre design

Pace, a Kuwait-based architecture, engineering, design and planning company, said it is working on the conceptual design of Noura Centre, which will be a distinctive landmark located directly opposite the newly-constructed Princess Nora Bint Abd

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KFH may sell properties, cut jobs

Kuwait Finance House, the country's second largest lender and one of the world's oldest Islamic banks, may sell some of its properties this year, its chief executive told Reuters on Monday. The bank may auction the propert

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EMA Awards calls for nominations

The fifth annual edition of Emerging Markets Airports Awards (EMAA) has opened nominations for the awards which will be held in Kuwait on the October 20 at The Regency Hotel. Nominations started on may 15 and will last until July

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Alghanim named co-chair of Mena World Economic forum

Kuwaiti-national Omar Kutayba Alghanim, chief executive officer of Alghanim Industries, has been appointed as the co-chair of the World Economic Forum on the Middle East and North Africa, which will take place later this month in Jordan.

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Alghanim named co-chair of Mena World Economic forum

Kuwaiti-national Omar Kutayba Alghanim, chief executive officer of Alghanim Industries, has been appointed as the co-chair of the World Economic Forum on the Middle East and North Africa, which will take place later this month in Jordan.

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Agility Q1 net profit surges 5pc

Kuwait's Agility, the largest Gulf logistics group, has reported a five per cent increase in its net profit for the first quarter which saored to KD11.8 million ($39.4 million) compared to the same period last year. Announcing

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