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Al Majid opens 2 KIA showroomsAl Majid Motors Company, the sole distributors of KIA Motors in the UAE, further strengthened its presence in the region with the opening of two new showrooms in Sharjah. The showroom was inaugurated in the presence of senior exec More… |
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Kia income plunges by 51pcKia Motors said yesterday its fourth-quarter operating profit was halved as the won's rise erased overseas earnings and production was disrupted by a strike. South Korea's second-largest carmaker said its October-December More… |
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Kuwait to invest 25pc revenue in future fundKuwait wants to raise the amount of revenue set aside in a rainy day fund to 25 percent from 10 percent in the 2012-2013 budget, state news agency Kuna said on Monday. Kuwait's cabinet has a More… |
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KIA among key $2bn Malaysia IPO buyersSovereign 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 More… |
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Kuwait to pour $150m into Malaysia IPOKuwait Investment Authority (KIA) will invest about $150 million in Malaysian firm IHH Healthcare's planned $2 billion IPO in Kuala Lumpur and Singapore, two sources with direct knowledge of the deal said. The investment is poised to m More… |
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Kuwait fund gets $300m China asset quotaChinese authorities have granted Kuwait Investment Authority (KIA) an initial $300 million quota to buy yuan-denominated stocks and bonds, enabling it to diversify its assets. Kuwait's sovereign wealth fund can initially invest up to $ More… |
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Al Majid delivers 50 Kia cars Dubai PoliceAl Majid Motors, the sole distributor of Kia in the UAE, completed the handover of 50 units of the Kia Mohave to the General Department of Operations of Dubai Police. Of the 50 units handed over, 35 will be used as patrol cars. The More… |
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Bin Hindi to set up new Kia showroomBahrain-based A A Bin Hindi has signed a contract with Muharraq Club to set up a new Kia showroom and Enaya service station in Arad. The new showroom adds to the existing Kia showroom in Khamis area and creates greater convenience to Kia c More… |
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Hyundai, Kia see slower sales growthHyundai Motor and affiliate Kia Motors aim to boost global vehicle sales by 6 per cent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years. The South More… |
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Kia to showcase new models at motor showAl Majid Motors Company, the sole distributor of Kia Motors in the UAE, will participate in this year’s Dubai International Motor show with . The event, from November 10-14, will be held at the Dubai International Convention and Exhibition More… |
