Latest Economy of Kuwait Stories

KUWAIT CITY, Kuwait, June 11, 2012 /PRNewswire/ -- International Financial Advisors KSCC (Kuwait) ("IFA" or the "Company") announced today that it has advised on and successfully arranged the execution of a Memorandum of Understanding ("MoU") between MS Retail KSC ("MSR"), a leading developer and operator of specialty retail and entertainment stores in Kuwait, and Abdul Mohsen Al Hokair Company for Tourism and Development JSC of Saudi Arabia ("Al Hokair"), a hospitality and...

PHILADELPHIA, June 18 /PRNewswire-FirstCall/ -- CDI Corp. announced today that its CDI Engineering Solutions division has signed an agreement to form a joint venture with Emtiaz Engineering & Energy Holding Company (Triple E), a subsidiary of Al-Imtiaz Investment Company, to create a Kuwait-based Engineering, Procurement & Construction Management (EPCM) firm. The firm will develop oil & gas, chemical, power, water development and infrastructure projects in Kuwait, Qatar and other Gulf...

By Haitham Haddadin KUWAIT (Reuters) - Wealthy OPEC nation Kuwait said on Sunday it is donating $500 million in oil products and other humanitarian aid to its ally the United States to ease severe shortages caused by Hurricane Katrina. "The humanitarian aid is oil products that the devastated (U.S.) states need in these circumstances, plus other humanitarian aid to lessen the devastation these three states have been subjected to," Energy Minister Sheikh Ahmad al-Fahd al-Sabah told...