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COMCEC Summit concludes with call for trade expansion November 23, 2013

The 29th Session of the Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC) has concluded here with calls for increasing involvement of the committee's members in global commerce and economy.

COMCEC final communique, issued after the conference conclusion late on Thursday, called for cooperation amongst exchange markets and central banks of member states.
It also asked the Islamic Development Bank (IDB)...

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Private capital for utilities sector...

Kuwait Declaration calls for further economic,...

December 12, 2013

Arab Gulf leaders were pressing for further economic and financial integration starting from the the custom union, monetary union, and the electricity and water linkage project to backing all the way boosting the role of youth.

The leaders of the six Gulf Cooperation Council (GCC) countries, in Kuwait Declaration, called for called for the activation...

SCPD chief predicts 50 pct of 2014 development...

December 12, 2013

Half of the total funding allocated to governmental projects, within the country's KD 30.5 billion development plan, will be spent by the end of March 2014, Secretary General of the Supreme Council for Planning and Development (SCPD) Dr. Adel Al-Wugayan expected Wednesday.

Al-Wugayan said that KD 15 billion, i.e 50 percent, is expected to be spent on...

KOC, AMEC sign KD 118 mln contract

December 12, 2013

Kuwait Oil Company (KOC) announced on Wednesday that it had awarded a five-year 118-million-Kuwaiti dinar (USD 417,820,445) contract to the Engineering Consultancy and Project Management Services (AMEC).

A KOC statement said today that KOC's CEO Hashem Sayed Hashem signed on behalf of the KOC while AMEC was represented by its Operations Director in Kuwait...

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Kuwait Declaration calls for further economic,...

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KOC, AMEC sign KD 118 mln contract

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