Saturday 27 December 2014
 
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Kuwait investment

Kuwait Investment shares jump on privatisation plan

Shares in Kuwait Investment Company surged on Thursday after the Kuwait Investment Authority (KIA) said it would offer its stake in the firm to the public in the first half of 2015, as it resumes a programme of selling off stakes in local listed

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Kipco Q1 profit rises 20pc to $36m

Kuwait Projects Co (Kipco), the Gulf state's largest listed investment company, reported a 20 percent rise in first-quarter profit on Wednesday. Kipco made a profit of 10.3 million dinars ($36.70 million) in the three months t

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Kuwait wealth fund had $261bn assets: report

A rainy day fund managed by Kuwait Investment Authority (KIA) had assets currently worth more than $261 billion at the end of March last year, a local newspaper reported on Sunday citing a government audit. Oil-producing Kuwait, o

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KIA among key $2bn Malaysia IPO buyers

Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock, and 20 other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO. This is the biggest takeup by such

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GFH appoints KIC for raising capital

Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, has appointed Kuwait Investment Company (KIC) to assist the bank with its recapitalization programme. The programme includes raising up to $500 million through a converti

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Areva board meets to review KIA investment

Areva's  supervisory board met on Saturday to review the terms of a long-awaited fundraising, a day after France and Kuwait agreed to inject 900 million euros ($1.19 billion) into the French nuclear group. The meeting started at 0

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Kuwait fund denies deal for Global assets

Kuwait's sovereign wealth fund denied it had signed a memorandum of understanding with Global Investment House to buy 20 percent of the firm's assets, state news agency Kuna reported. "What has been reported... is incorrect," the Kuwait In

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Kuwait's KIA 'withdraws $3.7bn from abroad'

The Kuwait Investment Authority (KIA), which manages the country's assets, has withdrawn about 1 billion dinars ($3.66 billion) from abroad as it invests more at home, a newspaper said. Daily Al-Qabas said in an unsourced report that KIA w

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Kuwait's KIA could inject $15bn in bourse

The Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, is capable of injecting almost $15 billion in the local market and might withdraw money invested abroad, a newspaper said. KIA, which manages the country's oil-

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Kuwait fund invests $1.1bn in local bourse

The Kuwait Investment Authority, the Gulf state's sovereign wealth fund, has invested up to 300 million dinars ($1.12 billion) in local stock market funds after the recent slide, newspapers said. Daily Al-Qabas said in an unsourced report

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