Oil & GasSaudi Aramco lures investors in Dubai for IPOPritam BordoloiNovember 25, 2019January 24, 2020 by Pritam BordoloiNovember 25, 2019January 24, 2020 The confidential meeting with investors in Dubai was Aramco’s second outside Saudi Arabia... Read more
LogisticsAgility launches logistics complex in Saudi ArabiaPritam BordoloiOctober 21, 2019 by Pritam BordoloiOctober 21, 2019 The development of the logistics complex is part of Agility’s $267 mn investment in the Kingdom... Read more
Oil & GasAdnoc to raise $5 bn from pipeline salePritam BordoloiOctober 4, 2019 by Pritam BordoloiOctober 4, 2019 Adnoc expects infrastructure funds and private equity firms to show interest... Read more
EnergyKuwait to sell 44% stake in Al Zour and Khiran power projectsPritam BordoloiSeptember 30, 2019November 1, 2019 by Pritam BordoloiSeptember 30, 2019November 1, 2019 The country plans to sell at least 26 percent stakes by 2020 and early 2021... Read more
AviationJazeera to fly single-aisle flights from London to ThailandPritam BordoloiSeptember 23, 2019November 4, 2019 by Pritam BordoloiSeptember 23, 2019November 4, 2019 The Kuwait-based carrier will acquire seven Airbus SE’s A321neo LR aircraft by the end of 2020... Read more
BankingIndependent board members: Global norms for Kuwait banksPritam BordoloiSeptember 13, 2019November 4, 2019 by Pritam BordoloiSeptember 13, 2019November 4, 2019 The Central Bank of Kuwait’s decision to appoint board independent members is based on international principles... Read more
LogisticsKuwait’s Agility to develop $200 mn warehouse parks in AfricaInternational Finance DeskSeptember 10, 2019December 17, 2019 by International Finance DeskSeptember 10, 2019December 17, 2019 The company plans to develop three warehouse parks in Abidjan in Ivory Coast, Maputo in Mozambique and Lagos in Nigeria... Read more
Real EstateKuwait’s First Dubai settles Dh189.5 mn debt to GCC bankInternational Finance DeskSeptember 4, 2019December 23, 2019 by International Finance DeskSeptember 4, 2019December 23, 2019 The settlement was funded through First Dubai and its parent company Al Mazaya Holding’s current account... Read more
Oil & GasKuwait’s PIC, South Korean firm to set up $1.2 bn JVInternational Finance DeskAugust 8, 2019 by International Finance DeskAugust 8, 2019 PIC will hold a 49% stake worth $476.2 mn in the new company whereas South Korea’s SKC will hold 51%... Read more
Oil & GasIraq, Kuwait sign agreement for joint technical oil field studyPritam BordoloiAugust 7, 2019 by Pritam BordoloiAugust 7, 2019 The contract will study options to develop and exploit the oil fields on the border between Iraq and Kuwait... Read more