Kuwait investors to inject $90.6m in Saudi Eastern Province Municipality to promote tourism, leisure, sports

A set of Kuwaiti firms have pledged to invest $90.6 million in the Eastern Province Municipality in Saudi Arabia to set up entertainment centers and a commercial mall, reports say. The investments are part of two deals signed with governor Read more

UN Panel to oversee Kuwait’s reparation after Iraq pays $52.4 bn

The United Nations Compensation Commission (UNCC), the UN panel set up in 1991 to manage financial compensation owed by Iraq to Kuwait, has submitted its final reports Wednesday in Geneva after Iraq paid $52.4 billion reparation to the Gulf country. Read more

Kuwait: army officials under investigation in connection with alleged corruption in Eurofighter deal

Kuwait’s anti-corruption body, Nazaha, Monday referred two senior army officers to the public prosecutor over suspected corruption related to a deal to buy Eurofighter Typhoon jets, reports say. The Gulf country took delivery last month of its first two Eurofighter Read more

IHC Food Holding acquires controlling stakes in Abu Dhabi Vegetable Oil Company

IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more