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REAL ESTATE

Recession grips Kuwait’s real estate market

July 21, 2019

Recession grips Kuwait’s real estate market

KUWAIT: Kuwait’s domestic property market was sluggish in the first quarter of 2019 largely due to the fasting month of Ramadan and subsequent holidays, according to experts. Speaking to KUNA, Al-Dlaijan Property Manager Suleiman Al-Dlaijan said housing and investment rates remained the same, adding that majority of housing traders were brokers and not home seekers.

... Continue Reading

Schlumberger Appoints Olivier Le Peuch as CEO

July 20, 2019

Schlumberger Appoints Olivier Le Peuch as CEO

Schlumberger Limited (NYSE: SLB) announced today that its Board of Directors has appointed Olivier Le Peuch as its Chief Executive Officer and member of the Schlumberger Board, effective August 1, 2019. Mr. Le Peuch succeeds Paal Kibsgaard, who will retire as Chief Executive Officer effective that same date. Also effective August 1, Mr. Kibsgaard will step down as Chairman of the Board and retire as a member"... Continue Reading

Quanergy and Chery Established Partnership to Propel a New Era of Autonomous Vehicles and Smart Cities

July 20, 2019

Quanergy and Chery Established Partnership to Propel a New Era of Autonomous Vehicles and Smart Cities

Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart sensing solutions, announced a partnership with Chery Automobile, one of the largest automotive manufacturers in China.

On June 20th, 2019, Chery unveiled the logo of its new brand Chery Lion, and announced its strategic plan of"... Continue Reading

Handover of The Residences at Marina Gate II Commences

June 30, 2019

Handover of The Residences at Marina Gate II Commences

Select Group, one of the largest investment and development companies in the region, has started handover of the second tower in their flagship development, The Residences at Marina Gate.

Occupying the central location in the development, Marina Gate II features 519 residential units, 16 retail units and is spread over 64 floors."... Continue Reading

Jumeirah Village Circle offers luxury housing at affordable rates

June 26, 2019

Jumeirah Village Circle offers luxury housing at affordable rates

Jumeirah Village Circler (JVC) boasts of several affordable luxurious gated community houses, with state-of-the-art facilities promising residents and potential home seekers a living experience like no other.

The family-centric housing community includes beautifully outlined residential spaces equipped with luxurious amenities"... Continue Reading

Kuwait Cement Company request for waste to be converted into fuel

June 25, 2019

Kuwait Cement Company request for waste to be converted into fuel

KUWAIT CITY, June 24: Executive Vice-Chairman of Kuwait Cement Company Meshal Al-Rashed in a recommendation to resolving the growing waste situation has requested chairman of the Municipal Council to present the company’s initiative to the Environment Committee regarding the use of municipal solid waste annually as alternative fuel in the clinker production plant in its Eastern Shuaiba Industrial Area"... Continue Reading

Kuwait on threshold of big construction boom as more than KD140 billion projects underway

June 23, 2019

Kuwait on threshold of big construction boom as more than KD140 billion projects underway

A new report on construction tenders in Kuwait has revealed that projects worth over KD 140 billion were currently active in the construction sector.

Of these, projects worth nearly KD 5 billion were on hold, projects valued at KD 73 billion were in the design phase, projects costing KD 19 billion were in planning stage, and around"... Continue Reading

Revealed: $494bn construction projects active in Kuwait

June 22, 2019

Revealed: $494bn construction projects active in Kuwait

Construction projects worth more than $494 billion are currently active in Kuwait, according to new research by ProTenders.

Of these, projects worth $15.5 billion (3.1 percent) are on hold, the consultancy said in a statement.

Projects in the design stage"... Continue Reading

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