Kuwait mulls plans to allow expats to fully own businesses in move to attract investment

Kuwait may allow foreigners full ownership of companies in a push to attract more investments and boost the economy, Zawya reports. The plans according to Abdullah Al-Sabah, deputy director general for investment operations at Kuwait’s Direct Investment Promotion Authority, aim Read more

Iraq extends invitation to Iranian leader to attend regional Conference

Iraq is set to invite Iran’s new President Ebrahim Raisi to attend a regional conference in Baghdad late this month that will also include Saudi Arabia. Iraqi top diplomat Fouad Hussein, according to his department, landed in Teheran Wednesday in Read more

Kuwait’s wealth Fund appoints new board of directors

The Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has appointed a new board of directors, reports citing the cabinet. The new board approved by cabinet is made of Khaled Ali Al-Fadil, Sheikh Mishaal Jaber Al-Ahmad, Fahd Muhammad Read more