Kuwait's Noor Financial sells off Meezan Bank stake

Kuwait-based holding company Noor Financial Investment Company has decided to sell of its entire stake in Pakistan-based Meezan Bank Limited (MEBL) to Vision Financial Limited for $190 million, according to a notice issued on Wednesday.

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Kuwait's NAS providing expertise in improving Ariana Afghan Airlines

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

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Kuwait reviewing its subsidies system

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

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Kuwait grants extension for Egypt pay back of USD2 billion aid

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

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Kuwait invests in prime London real estate

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

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Egypt receives USD7 billion Gulf aid

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.

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Egypt confirms USD 2 billion deposit to be made by Kuwait

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.

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Kuwait looks internationally for oil reserve increase

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

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Global Investments completes US$1.7 billion restructuring plan

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

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Kuwaiti Sheik Sues UBS in Dubai Court

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

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KIPCO to do IPO of OSN

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

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