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Kuwaiti traders follow the market’s movement at the Stock Exchange in Kuwait City on December 18, 2014.
(AFP Photo/Yasser Al-Zayyat)
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Al Aan television news anchor Hassinah Ochan is seen on a screen as she presents the morning news at the new Arab television channel in its Dubai studio June 12, 2007. (Reuters/Ahmed Jadallah)
Kuwait’s KIPCO to start IPO process for pay-TV unit OSN
Kuwait, Reuters—Kuwait Projects Company (KIPCO), the Gulf state’s largest listed investment company, plans to start the process for an initial public offering (IPO) of shares for its pay-television unit, Orbit Showtime Network (OSN), within weeks, it said on...Caption:
Hyundai Heavy Industries will build the first phase of the project, which comprises a 1,500 megawatt natural gas-fired power plant and seawater desalination plant (AFP).
Kuwait: $1.4 bn in financing for major power project
Kuwait City, Reuters—Kuwait is set to secure 1.43 billion US dollars in financing from a consortium of banks for a power and desalination plant, one of the major projects in the Gulf Arab state’s development plan, National Bank of Kuwait (NBK) said. The Az-Zour...Twitter unseals IPO papers, hopes to raise USD 1 bn
New York,AP—Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts. The documents revealed for the first time how much money...Caption:
Traders at the Qatar Stock Exchange. (Reuters)