Sunday 29 May 2016
 
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Kuwait

Grand Cinemas to open first 4D theatre in Kuwait

Grand Cinemas, a leading provider of movie entertainment services in the region, has announced the beginning of a new era in the movie-going experience with the introduction of its first 4D cinema in Kuwait. The world’s fore

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Grand Cinemas to open first 4D theatre in Kuwait

Grand Cinemas, a leading provider of movie entertainment services in the region, has announced the beginning of a new era in the movie-going experience with the introduction of its first 4D cinema in Kuwait. The world’s fore

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Egypt wins Kuwait funding for infrastructure projects

Egypt is set to secure $100 million funding from Kuwait government for the speedy development of its key infrastructure projects in Sinai region of the Arab nation, said a report. The Egyptian government will sign an agreement in

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Kuwait selects cloud solution for water management

EnerTech, a wholly-owned subsidiary of the National Technology Enterprises Company (NTEC) of Kuwait, has selected the Waterfund Insight Service to model and prioritise its strategic water technology investments, said an announcement by IBM and W

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Kuwait selects cloud solution for water management

EnerTech, a wholly-owned subsidiary of the National Technology Enterprises Company (NTEC) of Kuwait, has selected the Waterfund Insight Service to model and prioritise its strategic water technology investments, said an announcement by IBM and W

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ME cities among top 15 global retail hotspots

One-third of the top 15 global retail cities are located in the Middle East region, according to JLL’s destination retail report, which looks at the leading cities worldwide for retailing. JLL’s recent report shows 50

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Kuwait to sign up Salini-Limak JV for $1bn residential city

Kuwait is expected to sign within two weeks a $1-billion contract with a joint venture of Italy's Salini Impregilo and Turkey's Limak Construction for its planned South Al Mutlaa City project, an official said on Wednesday. Sout

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Russia eyes Mideast foreign investment drive

Russia, which has attracted $23 billion from the Gulf over the past several years, is once again focussing on the region, even as low oil prices prompt Middle East nations to launch diversification programmes by investing abroad.

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Russia repays $1.7bn Soviet-era debt to Kuwait

Russia has repaid Soviet-era debt to Kuwait of $1.72 billion, the Russian finance ministry said on Friday. The principal debt stood at $1.1 billion, while interests amounted to $620 million, it said. The Soviet Union raised the de

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Gulf Bank posts $29m net profit in Q1

Gulf Bank, a leading lender in Kuwait, has registered a net profit of KD8.8 million ($29 million) for the first quarter of 2016.   This figure is down by KD 1 million year over year, said a statement from the Kuwaiti bank.

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