Ahmed Hagagy

Kuwait plan for northern mega city faces political hurdles

01 May 2019

KUWAIT A "Silk City" rising from Kuwait's northern sandy plains will help diversify the Gulf Arab state's economy away from oil, draw foreign investment and galvanize trade links with Iraq, Iran and China - or at least that's the plan.

Kuwait says U.S. Mideast peace plan should weigh regional considerations

20 Mar 2019

KUWAIT Kuwait's foreign minister said on Wednesday that a long-awaited U.S. peace proposal for the Middle East should be acceptable to all stakeholders and factor in regional considerations.

UPDATE 2-Kuwait says US Mideast peace plan should weigh regional considerations

20 Mar 2019

* Gulf rift, Yemen and Syria also discussed (Adds quotes, context)

UPDATE 1-Kuwait bourse in deal to sell 44 pct stake, plans IPO later

14 Feb 2019

KUWAIT/ATHENS, Feb 14 A consortium led by Kuwait's National Investment Co and including the Athens bourse won a tender to acquire 44 percent of the Kuwait stock exchange, NIC's chairman said on Thursday.

UPDATE 1-Kuwait to boost spending, eyes oil price at $55-$65/bbl

21 Jan 2019

KUWAIT, Jan 21 Kuwait on Monday projected a 4.7 percent rise in spending to 22.5 billion dinars ($74.15 billion) as part of its state budget for the year ending on March 31, 2020, as the major oil producer seeks to spur economic growth.

UAE: OPEC+ will hold extra meeting if output cuts "not enough"

24 Dec 2018

KUWAIT OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates' energy minister said on Sunday.

Kuwait's Agility in talks with banks to raise around $800 mln -CEO

19 Dec 2018

KUWAIT, Dec 19 Kuwait's Agility, one of the largest Gulf logistics companies, is in talks with banks to raise around $800 million in debt as it plans to grow its business, including expanding its global warehouse capacity, the company's chief executive told Reuters.

Saudi Crown Prince arrives in Kuwait for talks

01 Oct 2018

KUWAIT Saudi Crown Prince Mohammed bin Salman arrived in Kuwait on Sunday, state media reported, amid expectation that he will discuss oil supplies and a Kuwaiti mediation effort to resolve Saudi Arabia's conflict with Qatar.

Kuwait to regulate employment of Philippine domestic workers after reports of abuse

11 May 2018

KUWAIT Kuwait and the Philippines agreed measures on Friday to regulate the employment of domestic workers from the Southeast Asian country, following a diplomatic row amid reports of abuse.

Kuwait Investment Authority plans to increase investment in emerging markets -CEO

02 May 2018

KUWAIT Kuwait Investment Authority (KIA), one of the world's biggest sovereign wealth funds, aims to diversify its portfolio and is looking to increase investments in emerging markets such as China, India and Brazil, the group CEO said on Wednesday.

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