United States

Ahmed Hagagy

Kuwait plan for northern mega city faces political hurdles

May 01 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

Mar 20 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 1-Kuwait bourse in deal to sell 44 pct stake, plans IPO later

Feb 14 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

Jan 21 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.

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

Dec 24 2018

(This December 23 story corrects ninth paragraph to show that Kuwait's OPEC governor, not the Saudi OPEC governor, was addressing joint news conference.)

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

Dec 19 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

Sep 30 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

May 11 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

May 02 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.

Kuwait says market conditions to determine any extension of OPEC-led cut deal

Apr 16 2018

KUWAIT Kuwait's oil minister said on Monday a pact between OPEC and non-OPEC producers to curb supplies would run to the end of the year and market conditions would determine whether to extend it beyond the end of 2018.

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