VENTURE CAPITAL POST

A ten year agreement was formalized between Kuwait's National Aviation Services and Ariana Afghan Airlines.

Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.

Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait.

The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.

According to Egypt's central bank governor, the country had received USD7 billion of Gulf aid out of the USD12 billion pledges from Gulf countries.

The aid by Kuwait to Egypt would consist of USD2 billion in a central bank deposit, USD1 billion grant and USD1 billion in oil products.

KUFPEC is looking at overseas assets to expand its oil assets and reserves.

Kuwait's Global Investment House proudly announced the completion of their restructuring plan tagged at US$1.7 billion.

Kuwaiti Sheik Meshal Jarah al-Sabah sued UBS AG in a Dubai court valuing the case at US$21.4 million.

KIPCO's pay TV unit OSN is preparing for an IPO.