Real Estate & Property Investment News in Kuwait from Propertyshowrooms.com

Kuwait's key investment firms to consolidate

Mon, 19 Jan 2009 00:00:00 GMT

Kuwait's First Investment Company and Gulf Investment House have reached an initial merger or acquisition agreement as the Gulf state's investment sector seeks ways to weather a global crisis. Shares of both firms bucked a downtrend on the bourse as other stocks fell partly on comments from...

Rakaez real estate established with KD1Mn capital

Mon, 12 Jan 2009 00:00:00 GMT

Kuwait Al-Youm, the official gazette, announced Monday the establishment of Rakaez Real Estate Development Co. with a capital of KD one million...

Jazeera Airways In $70M Deal With DVB Bk; Natixis

Mon, 17 Nov 2008 00:00:00 GMT

Kuwait and Dubai based airline Jazeera Airways announced that it has signed a deal worth $70 million in commercial funding with DVB Bank and Natixis Transport Finance, to finance the purchase of two Airbus A320 aircraft that have been recently delivered to the airline...

KAMCO Announces Private Equity Fund Dividends

Wed, 5 Nov 2008 00:00:00 GMT

KIPCO Asset Management Company (KAMCO), the Fund Manager of Kuwait Private Equity Opportunities Fund, announced today that the Fund distributed cash dividends worth KD 817,575 to its unit holders in October 2008...

PAHC signs KD 72M contracts for Sabah Al-Ahmad City infrastructure

Wed, 5 Nov 2008 00:00:00 GMT

The Public Authority for Housing Care (PAHC) signed Wednesday separate contracts worth KD 72 million with two private companies to lay down the infrastructure for Sabah Al-Ahmad City, southern Kuwait...

Kuwait Stock Exchange stocks eke out gains

Wed, 5 Nov 2008 00:00:00 GMT

The gain during the last minutes trading at Kuwait Stock Exchange especially in services sector contributed to the rise in KSE Price Index...

KSE index down 88.2 pts in morning trade

Tue, 23 Sep 2008 00:00:00 GMT

The price index of Kuwait Stock Exchange (KSE) dropped 88.2 points by 10:45 a.m. Tuesday, coming to 13,052.2 points...

Kuwait Investment Authority MD talks about investment in the local market

Tue, 23 Sep 2008 00:00:00 GMT

(Arabic) Bader Al Saad, KIA Managing Director says that the authority's investment in the local stock market will exceed KWD100 million...

Jet Airways new reschedules for Kuwait-Kochi flights start Sept. 1

Tue, 2 Sep 2008 00:00:00 GMT

Jet Airways has rescheduled flights operating between Kuwait and Kochi effective September 1...

Wataniya Airways to begin commercial flights in Jan.

Thu, 28 Aug 2008 00:00:00 GMT

From January 2009, Kuwait's air travelers will enjoy a larger selection of air carriers when the Wataniya Airways begins its commercial flights...

Kuwait International Airport plans new building

Wed, 20 Aug 2008 00:00:00 GMT

Kuwait, August 20, SPA -- In line with directives of Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to change Kuwait into an international financial and trade center, the Ministry of Public Works is focusing much of its resources and manpower in constructing Kuwait International Airport's new passenger building.The ministry is currently talking with various international companies and...

Kuwait Stock Exchange stocks remain buoyant

Tue, 19 Aug 2008 00:00:00 GMT

The Global General Index (GGI) added 0.25 point (0.07 percent) during yesterday's session to reach 376.61 points. The GGI's gain was a result of the Global Large Cap (Top 10) Index which added 0.19 percent...

Kuwait Ports Authority suggests ports development

Thu, 14 Aug 2008 00:00:00 GMT

The Kuwait Ports Authority(KPA) has submitted several suggestions to the Cabinet on developing its ports facilities. The demands include dredging the canals to facilitate easier entry for ships at Kuwait's ports. At present, the canals' depth do not exceed 8.5 meters...

Jazeera Airways Continues to Increase Revenues

Fri, 8 Aug 2008 00:00:00 GMT

Q2 revenues up 47% despite fuel prices and low season Freedom Town, Kuwait...

Analysts optimistic of KSE's ability to attract foreign investments

Fri, 8 Aug 2008 00:00:00 GMT

Financial analysts have expressed optimism in the ability of Kuwait Stock Exchange to attract foreign investments, one month after the issuance of guidelines pertaining to amendments of the income taxation law...

Kuwait Safat Investment H1 profit up 171%

Wed, 6 Aug 2008 00:00:00 GMT

(Arabic) Al Safat Investment H1 profit soared to KWD29.3 million...

Kuwait: Bachelor housing project

Tue, 5 Aug 2008 00:00:00 GMT

A senior Finance Ministry official has queried Ministry of Public Works delays over starting work on a housing project providing accommodation for single male expatriate workers in Subhan...

Kuwaiti Ministry Tenders KD6Mn Road Contracts

Mon, 4 Aug 2008 00:00:00 GMT

The Ministry of Public Works in Kuwait said that it tendered two contracts for construction of border and main roads...

Kuwait Sec House H1 profit down 38% at KWD14.2 million

Mon, 4 Aug 2008 00:00:00 GMT

(Arabic) Securities House Q2 net profit dropped 59% to KWD6.1 million...

Mazaya Senior Vice President Talks about Kuwait Real Estate

Wed, 23 Jul 2008 00:00:00 GMT

(Arabic)Salwa Malhas, Senior Vice President in Al Mazaya Holding says the company is not affected by the state's restriction of companies' ability to buy and sell residential real estate...

Kuwait firm builds 1st hotel in Australia

Tue, 22 Jul 2008 00:00:00 GMT

Kuwait-based Action Hotels and Accor Hospitality have completed the development of their first partnered hotel outside the GCC with the official opening of Ibis Glen Waverley in Melbourne, Australia...

Moody's assigns Baa1/P-2 ratings to Kuwait Projects Co

Thu, 17 Jul 2008 00:00:00 GMT

Moody's Investors Service has assigned long term foreign and local currency issuer ratings of Baa1 to Kuwait Projects Company Holding K.S.C. (KIPCO), a Kuwait-based investment company...

Kuwait Finance and Invest to raise capital 52%

Wed, 16 Jul 2008 00:00:00 GMT

(Arabic) Kuwait Finance and Investment plans to raise capital to KWD64 million...

First Dubai Real Estate raises capital to KD100 million

Tue, 15 Jul 2008 00:00:00 GMT

An application by the board of directors of First Dubai Real Estate Development Company, a fully owned subsidiary of Al Mazaya Holding, for a capital increase of KD 78 million has been approved in a General Assembly held yesterday, 14 July 2008, with a 95% percent attendance rate...

BKME general assembly endorses changeover to Islamic bank

Mon, 14 Jul 2008 00:00:00 GMT

The general assembly of the Bank of Kuwait and the Middle East (BKME) endorsed on Monday the changeover of the bank into an Islamic one, said its board chairman Hamad al-Marzouq...

Bears continue to haunt Kuwait Stock Exchange

Thu, 10 Jul 2008 00:00:00 GMT

Kuwait Stock Exchange (KSE) witnessed huge losses yesterday as Global General Index (GGI) plunged by 7.79 points (-2.03 percent) during the session to reach 377.07 points...

NBK CEO talks about the bank's outcomes

Wed, 9 Jul 2008 00:00:00 GMT

Ibrahim Dabdoub, National Bank of Kuwait CEO says the bank's H1 net interest rate 2007 reached KWD154 million and dropped to KWD130 million in H2 2007 then boosted in H1 2008 to KWD188 million...

$8 bn to Boost Kuwait's Real Estate Sector by '13

Tue, 8 Jul 2008 00:00:00 GMT

Kuwait's real estate and construction industries are set to witness a significant boost, due to an expected USD 8 billion worth of private investments to enter the country by the end of 2013, according to latest studies...

Kuwait: Khairan, Metla development plans

Sat, 5 Jul 2008 00:00:00 GMT

KUWAIT: The Minister of Housing, Development Affairs Moudhi Al-Homoud announced development plans in the Khairan and Metla residential areas. An official at the Public Institution for Housing Welfare disclosed that the minister intends to execute both projects through the private sector.According to plans envisaged in the project, the two cities will be executed through a BOT basis...

Kuwait Public Works sets roads projects at KD 1.8 bn

Sun, 29 Jun 2008 00:00:00 GMT

The Ministry of Public Works in Kuwait set the financial costs of roads projects at KD 1.8 billion...

Kuwait NREC to raise capital 40%

Sun, 29 Jun 2008 00:00:00 GMT

(Arabic) National Real Estate plans to raise capital to KWD104 million...