A complex web of business and politics has managed to keep oil prices stable around the world for now.
Kuwait Tender and Business News
Turkish construction company Limak Insaat has contracted Dutch heavy lifting and transport company Mammoet to carry out the transportation and installation works for the new $4.3 billion terminal construction project at Kuwait International Airport.
The UAE's Abu Dhabi Shipbuilding Company, a major provider of construction, repair, and refit services for naval, military, and commercial vessels, just completed the first two naval ships as part of a contract to build eight naval ships to support Kuwait's military.
The Olympic Council of Asia (OCA), a governing body of sports in Asia headquartered in Kuwait City, Kuwait has entered into a sponsorship agreement with Gerflor, the French world renowned flooring company, for the period 2018-2020.
Agility, a global logistics provider based in Kuwait, and UnaBiz, a Singapore-based Internet of Things (IoT) solutions company, announced their partnership to lead the digitization of event logistics and provide enhanced tracking for exhibitors.
Zain, a Kuwait-based mobile network operator, and Vuclip, a video-on-demand service provider based in California, announced the availability of Viu, an OTT video service by PCCW and Vuclip, to consumers through a carrier billing partnership with Zain’s managed service provider SLA Digital.
Kuwait based Kuwait & Gulf Link Transport (KGL), an international logistics firm, just announced that the U.S. Army has awarded it a new contract, to support heavy line haul operations for the U.S. Military throughout the Middle East.
New York-based EnGoPlanet, a provider of Smart Solar Street Light and Solar Benches, announced that it has completed a solar street light project in Kuwait that resulted in the installation of hundreds of smart solar street light units at the headquarters of the Kuwait oil company.
The First National Bank Mozambique (FNB) and the Kuwait-based National Aviation Services (NAS) inaugurated an exclusive, contemporary lounge at the International terminal of the Maputo International Airport.
Colorado-based Vectrus, that provides information technology & network communication services just announced that it has won $108 million U.S. Army contract to provide all personnel equipment, other items and non-personal services associated with the Kuwait Dining Facilities (DFAC 3.0) mission.
Alghanim Industries of Kuwait launched its new $1.5-million initiative, the MENA Philanthropy Leaders Initiative for Refugee Youth and Children, focused on education, skills training and entrepreneurship with the target of reaching 100,000 young and child refugees by 2020.
The National Fund for Small and Medium Enterprise Development (SMEs) of Kuwait has signed a memorandum of understanding (MoU) with General Electric, a technology and financial services company, to develop industrial digital applications for SMEs.
US-based Cleveland Clinic, a nonprofit multi-specialty academic medical center, has offered courses designed to integrate business and medicine with hands-on training to help Middle East healthcare leaders, physicians, nurses, and administrators become more effective in their roles.
Alberta-based Wavefront Technology Solutions Inc., an international supplier of fluid injection technology for oil and gas well stimulation and Improved/Enhanced Oil Recovery, has signed a 3 year Powerwave distribution agreement with Gulf Drilling and Maintenance CO of Kuwait.
SANY Heavy Industry, a Chinese multinational heavy machinery manufacturing company headquartered in Changsha, Hunan Province, recently signed a USD 86 million purchasing agreement with a Kuwaiti engineering construction contractor.
Lancer Skincare, a luxury cosmetics brand headquartered in Beverly Hills, California, is partnering with Apotheca Beauty, a privately held distributor in the Middle East which focuses on luxury brands from around the world.
Rehlat, an online travel company which started business only two years ago in Kuwait, has become one of the major regional players by focusing on two things most others miss: an emphasis on unique local offerings and the availability of multiple localized payment systems.
The United Nations recently issued a warning about water to those living in the Near East and North Africa regions. Their analysis says that the per capita renewable energy availability is around 600 cubic meters per person per year, only 10% of the world average. It is calling for immediate innovation to help solve the problem, something which is getting worse fast because of accelerating climate change.
A major whistleblower lawsuit filed in 2005 by Moss & Gilmore LLP on behalf of Kamal Al-Sultan, a Kuwaiti businessman and U.S. military contractor of base camp logistics and support, was just settled in Al Sultan's favor against publicly-traded Kuwaiti-based Agility Public Warehousing Company and its affiliate, The Sultan Center.
GE, a conglomerate corporation based in Massachusetts, is supplying power generation equipment for the Kuwaiti Ministry of Electricity’s Sabiya Power Plant.
Capstone Turbine Corporation, a gas turbine manufacturer based in California, has received an order for two C1000 Signature Series microturbines to provide distributed power for two Kuwait Institute for Scientific Research (KISR) facilities in Kuwait City, Kuwait.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.
Azzour North One Independent Water & Power Project (IWPP), the first independently owned power and water facility in Kuwait, has started full commercial operations.
China-based JinkoSolar Holding Co., Ltd, recently announced it had supplied 5 MW of solar modules for use in Kuwait's first integrated renewable project in the country, the Shagaya Renewables Park PV Power Plant.