Tuesday 16 September 2014
 
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Kuwait

Menatelecom boosts fibre optic network

Menatelecom, an investment subsidiary of Kuwait Finance House-Bahrain, has made significant investments in the kingdom for enhancement of its nationwide fibre optic network to businesses. The business solutions provider did not gi

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Gulf Air launches Kuwait-Istanbul services

Gulf Air has launched twice weekly services between Kuwait and Istanbul in response to increased demand. The direct flights will start from October 2, said a report in the Gulf Daily News (GDN), our sister publication.

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KNPC names NBK adviser for $12bn refinery upgrade

Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said on Sunday. Part of the country&#

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Kuwait tops ME in global food security index

Kuwait, with a worldwide ranking of 28, has topped the Middle East countries in the 2014 Global Food Security Index. DuPont and the Economist Intelligence Unit (EIU) recently released the Global Food Security Index to which Kuwait

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Fitness First launches in Kuwait

Fitness First, a leading health and fitness club chain, has launched its latest health club in Kuwait at Sama Sulaibikhat. The premium health club, owned and operated by Landmark Leisure and Hospitality Services, provides separate facil

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Urgent Opec talks over lower oil price ruled out

Organisation of Petroleum Exporting Countries (Opec) member Kuwait has said there was no need to call an emergency meeting for the producers' group to discuss sliding oil prices after crude hit a 17-month low. “We do not

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Kuwait shuts crude unit at Mina Ahmadi in planned maintenance

Kuwait has shut a 120,000 barrels per day crude unit at the Mina Al Ahmadi refinery for planned maintenance, the head of state-run oil refiner Kuwait National Petroleum Company (KNPC) said.   The maintenance will

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Kuwait Opec governor expects oil to return to $100 level

Kuwait Opec Governor Nawal Al Fuzaia said that a recent drop in oil prices was due to a rise in supply and slower summer demand and that she expected prices to rise again and maintain the $100 per barrel level.  

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Al Ruwad to market Istanbul homes

Kuwait-based Sinan Real Estate Company has signed an exclusive sales agreement with Dubai's Al Ruwad Real Estate Consultants for its upcoming real estate projects in Turkey. As per the deal, Al Ruwad will have full rights to m

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Kuwait woos foreign investors by dropping offset scheme

Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy, its finance minister said on Tuesday, as it tries to attract more overseas companies. "We n

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