Posts Tagged ‘kuwait’

Cocoa to Rice Woos Kuwait to Asia’s $2 Trillion

by Forex Rooton December 20, 2012 8:55 am BST
Kuwait China Investment Co. (KCIC), part owned by the Arab Gulf nation’s sovereign-wealth fund, wants to tap what it says is Asia’s $2 trillion trade finance market with an Islamic fund to give commodity producers access to cash. The fund, set up this month with Singapore-based EuroFin Asia Group, will help fill a gap left […]

FEATURE-They’re buying what? US investors latch onto Iraqi dinar

by on November 15, 2012 9:35 pm BST
By Gertrude Chavez-Dreyfuss NEW YORK | Thu Nov 15, 2012 4:35pm EST NEW YORK Nov 15 (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world

Gulf Arab states should cut state spending growth -IMF

by on October 29, 2012 1:00 pm BST
Mon Oct 29, 2012 9:00am EDT * A sharp oil price fall would hurt public finances * GCC budgets could fall into deficit around 2017* Most states have enough savings, $1.6 trillion in 2011* Deleveraging of European banks could pressure liquidityBy Martin DokoupilDUBAI, Oct 29 (Reuters) - Most Arab oil exporting countries in the

Petrofac wins $200m Kuwait EPC gig

by on September 27, 2012 6:59 am BST
The $200 million contract will see Petrofac construct three new substation buildings as well as lay about 900 kilometres of buried cable to connect the site's substations to the distribution network.Petrofac said the facilities would be used to provide “a more robust” power supply to support the development of onshore