KCIC to retain 2012 profits of $18mKuwait-based KCIC, which specializes in investments across Asia, has closed 2012 with a net profit of KD5.23 million ($18.3 million), but said will retain earnings and not issue dividends. The firm today held its Annual General Me More… |
GCC exports to China hit $7bn in OctExports from the GCC countries to China rose to $7.1 billion in October from a yearly low of $4.9 billion in August, marking a 45.6 per cent increase in just one quarter, a report said. Growth expectations in the Chinese economy s More… |
Kuwait firm to tap China real estateA Kuwaiti investment firm affiliated to the Gulf state's sovereign wealth fund is eyeing stakes in fund and asset managers operating in China and plans to set up a Chinese property fund, a company executive said. Kuwait China Investment Co More… |
Kuwait wealth fund eyes Asian farmingKuwait China Investment Co (KCIC), a firm linked to the Gulf Arab state's sovereign wealth fund, is eyeing investments in Asia's agriculture sector, the company's managing director has said. Gulf investors have spent billions of petrodolla More… |