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Kuwait has unveiled 14-project plan valued $8.2 billion to upgrade its main airport in capital Kuwait City, Trade Arabia reports citing local Arabic daily Al Anba. The plan, unveiled by the Directorate General of Civil Aviation (DGCA) includes a new Read more
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
Ethiopia has closed down its diplomatic mission in Kuwait as part of Addis Ababa’s measures to cut global spending around the world. The Ethiopian embassy in the Gulf country announced it is preparing to ‘permanently’ close down its mission in Read more
Kuwait-based investor International Financial Advisors Holding (IFA) will invest AED 37.69 million ($10.26 million) in a branch of smart hotel brand Yotel in Dubai’s Palm Jumeirah, Zawya reports. The investment will provide IFA, 10.5 per cent of the hotel brand. Read more
State-run Kuwaiti energy company, Kuwait Oil Company (KOC) plans to invest more than $6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, reports say. An oil source reportedly told Read more
Kuwaiti local media reported that prisoners sentenced to less than three years in in Kuwait will be allowed to serve their jail term in the comfort of their homes, provided they agree to wear a surveillance bracelet that tracks their Read more
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
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
Kuwait Ports Authority (KPA) said on Sunday it approved a proposal to build the Middle East’s first city to serve electric vehicle (EV) manufacturers. KPA, said in a statement, will launch the design and construction tendering process during the 2011/22 Read more
The US is in talks with Kuwait to accept the relocation of Afghans who helped American soldiers during the two-decade war in Afghanistan, reports say. An American top diplomat who asked not to be named told Associated Press (AP) that Read more