Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5bn real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5bn, was scaled down after ... Read More »

Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2 billion to $2.5 billion real estate project in Kuwait. Banks will provide financing for half of the project, with KIPCO funding the remainder directly, said Tawfiq al-Jarrah, executive director of Hessah ... Read More »

Though a labor strike in Kuwait is on its third day, a spokesman for the oil ministry said Tuesday output has moved higher to 1.5 million barrels per day. Talal al-Khaled, a spokesman for the oil ministry, said Tuesday oil facilities in the country were producing an average rate of ... Read More »