Kuwait Financial Centre (Markaz) has completed the private placement of the first tranche of bonds with a total value of KWD35 million ($113.92 million) issued under KWD50 million Senior Unsecured Bond Program.
Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million.
The Kuwait Authority for Partnership Projects has issued Request for Proposals to qualified bidders for the development of Al Dibdibah Power and Al Shagaya Renewable Energy (Phase III – Zone 2) Solar PV IPP project with a total capacity of 500MW.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
Work will soon start on the Mubarak Al Kabeer Port development in Kuwait following the allocation of KD1.2 billion ($3.9 billion) funds to carry out EPC work for Phase I of the project. On completion, the port will emerge as a key regional transport hub in line with Kuwait Vision 2035.
Kuwait-based Combined Group Contracting (CGC) has announced that it has been awarded two key projects by Kuwait Oil Company (KOC) at its refinery facilities. Both the projects will be completed within a 30-month period.
KBR has been selected by ENKA İnşaat ve Sanayi A.Ş. (ENKA) to provide detailed engineering design services for the Associated Gas Upstreasm Project Phase 2 (AGUP2), as part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies alongside its partners BOC and Qatar Energy, in the Basra region of Iraq.
Indian construction and engineering conglomerate Larsen & Toubro (L&T) has secured a key contract from Kuwait's Public Authority for Housing Welfare (PAHW) to set up 132/11kV substations within South Sabah Al Ahmad residential development.
flynas, a low-cost airline in Middle East, celebrated the resumption of its direct flights between Jeddah and Kuwait on November 1.
Wego, a leading online travel marketplace, shares fresh fall travel insights from Kuwait, spotlighting European shoulder-season favourites alongside value-led Asian picks. Based on Wego platform trends for Fall 2025, searches are rising for five destinations: Paris, Barcelona, Vienna, Guangzhou, and Phuket.
