A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999
The increase in the European jet fuel market share comes as Kuwait increased its exports of fuel oil, diesel, and jet fuel to Europe by five times until May 2024
The shares were sold to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank
The power blackouts have been attributed to a gas supply disruption, which shut down key power stations and desalination plants
Agility subsidiary Menzies, the world’s largest aviation services provider by number of countries, reported $91m in Q2 EBITDA, marking a 27.6 per cent YoY rise
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
The Kuwaiti adventurer talks about his experiences and his upcoming docu-series, providing insights into the global water crisis and human condition
The boards of two lenders have approved the proposal and the Central Bank of Kuwait was notified of their plans
Oil revenues dropped by 19.4 per cent to KWD21.5bn in FY 2023/24, based on an oil price of $86.36 a barrel, compared to KWD26.7bn a year earlier
Official temperatures in recent days have hovered above the 40°C mark, but the so-called ‘feels like’ temperature has reached 62°C
Jazeera Air has notified passengers of its operations being impacted in the ongoing global IT outage
The initial estimated area of the newly discovered oil well is around 96 square kilometres
There were no casualties and firefighters were working on containing the fire, officials said
The banking group said it was conducting studies on the potential expansion and that these were in line with its strategy envisioning potential investments in the region
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
Eid Al Adha, is one of the most significant events in the Islamic calendar, and is marked by special prayers, feasts, and acts of charity
Kuwaiti authorities said that the death toll may go up with many more seriously injured in the blaze
The loan agreement between Kuwait and Bahrain is financing the development of a 400 kilovolt transmission line
As a member of OPEC, Kuwait aims to boost its production capacity to 4 million bpd by 2035
The investor meetings for the debt sale will take place beginning from May 28 and will be followed by a US dollar denominated senior unsecured Green Notes
The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m
The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal
The visit underscored the importance of diplomatic ties between Turkey and Kuwait and laid the groundwork for enhanced cooperation in various fields
The team at NBK Capital Partners will join the $353bn asset manager as the firm’s new emerging markets private capital division
Kuwait’s emir tasked the new prime minister to form a government
One of Agility’s subsidiaries is Menzies Aviation, which is the world’s largest aviation services company, reported substantial revenue and EBITDA growth
The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake
Those employed in the public sector will be off for Eid Al Fitr from Tuesday, April 9 to Thursday, April 11
Q8 supplies aviation fuel to more than 70 international airports and holds stakes in three refineries in Italy, Vietnam and Oman
The authorities clarified that travellers are allowed to leave the country and exempted from immediate fingerprinting, but the process is mandatory upon their return