Sunday 26 October 2014
 
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KIA

Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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Asian automakers 'still welded to steel'

About four years ago, Hyundai Motor considered shifting from steel to aluminium body parts for its Genesis sedan to make it lighter, more fuel-efficient and more competitive with German luxury marques, two people familiar with the matter said.

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Kia on Tour roadshow concludes in UAE

Kia’s popular range of SUVs, compact cars and family sedans went on show in four major shopping malls in the UAE at a recently concluded roadshow.   The UAE Kia on Tour 2014 Fifa roadshow, which took place

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New Kia Soul launched in UAE

Al Majid Motors, the sole distributor of Kia Motors in the UAE, has launched its compact all-new Kia Soul.    The rejuvenated and restyled Kia Soul was unveiled at Dubai Festival City during the ‘KIA o

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IDB, KIA units to invest in Morocco

Units of the Islamic Development Bank , a multilateral lender, and sovereign wealth fund Kuwait Investment Authority (KIA) have signed an agreement to invest jointly in Morocco's private sector. The partnership between the Jed

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Kia on Tour to start next week

Kia Motors, through its sole distributor in the UAE, Al Majid Motors, is set to take its range of SUVs, compact cars and family sedans for its annual roadshow next week. The Kia on Tour 2014 Fifa Road Show will run from March 7 to

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Al Majid wins gold Kia skills contest

Al Majid Motors, the sole distributer of Kia Motors in the UAE, has won the gold medal in the fifth Kia Regional Skill Competition held recently in Dubai. Fifteen National Technician Skill Cup winners from nine countries in the Mi

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Kuwait fund to focus on infrastructure in West

Kuwait's sovereign wealth fund, one of the world's largest, will focus on increasing its infrastructure investments in British, US and European markets and is also looking at the international real estate sector, its managing director sa

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Hyundai, Kia see weakest sales growth since 2003

South Korean auto makers Hyundai Motor and Kia Motors are bracing for their most sluggish growth in annual sales since 2003 as the weakening of the yen fuels exports from Japanese rivals. Hyundai and its affiliate Kia, together ra

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Road show success for Kia

Al Majid Motors, the sole distributor of Kia cars in the UAE, is seeing 12 per cent more customers booking test drives, after the recently concluded  UAE road show. The tour, which travelled around the country, visited four m

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