Saturday 6 February 2016
 
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Kuwait

Gulf group to buy key stake in Kuwait's Americana

Gulf-based group Adeptio signed an initial agreement with the Al Khair holding company to buy its stake in Kuwait Food Company (Americana), the companies said in bourse statements on Thursday. State news agency Kuna said Adeptio,

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Gulf group to buy key stake in Kuwait's Americana

Gulf-based group Adeptio signed an initial agreement with the Al Khair holding company to buy its stake in Kuwait Food Company (Americana), the companies said in bourse statements on Thursday. State news agency Kuna said Adeptio,

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Mushrif wins $46m Kuwait road project deal

Mushrif Trading and Contracting Company (MTCC), a leading civil construction firm, said it has been awarded a KD14 million ($46 million) contract for road works aimed at improving traffic flow at Al Bidda Roundabout in the Kuwait City.

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STC to take majority control of Kuwait's Viva

Saudi Telecom Company (STC) will buy a further 25.8 percent of Viva for SR1.59 billion ($424 million), taking majority control of its affiliate following the close of a voluntary tender offer period for the Kuwaiti firm's shares.

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STC to take majority control of Kuwait's Viva

Saudi Telecom Company (STC) will buy a further 25.8 percent of Viva for SR1.59 billion ($424 million), taking majority control of its affiliate following the close of a voluntary tender offer period for the Kuwaiti firm's shares.

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Kuwait plans company to run refinery complex

Kuwait's National Petroleum Company (KNPC) said on Sunday it will set up a new company to run its planned Al-Zour refinery and petrochemical complex which, when built, will be the biggest in the Middle East. The new company, K

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Kuwait forecasts $40 billion budget deficit

Kuwait's Finance Ministry said on Thursday that the Gulf oil exporter's 2016-17 draft budget forecasts a deficit of KD12.2 billion ($40.2 billion), nearly 50 percent higher than the previous year, due to falling crude prices.

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Kuwait, Finmeccanica to sign $4.3bn Eurofighter deal

Italian defence group Finmeccanica will finally sign a long-awaited contract to sell 28 Eurofighter jets to Kuwait on January 31, a source close to the matter said on Wednesday. Finmeccanica had originally expected to complete the

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Kuwait may base budget at $25/barrel oil

Kuwait's Finance Minister Anas Al-Saleh said on Tuesday that he expected the price of oil for the 2016/17 budget to be set at around $25 a barrel. Some 90 percent of the Opec country's state revenues come from oil, prompti

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Opec strategy is working: Kuwait official

Opec's strategy of allowing low oil prices alone to stabilise the market without cutting supply is working, Kuwait's acting oil minister Anas al-Saleh said on Tuesday. The comments signal that the Organization of the Petro

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