Tuesday 1 December 2015

KCIC to retain 2012 profits of $18m

Kuwait-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


GCC exports to China hit $7bn in Oct

Exports 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


Kuwait firm to tap China real estate

A 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


Kuwait wealth fund eyes Asian farming

Kuwait 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

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