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FINANCIAL NEWS
KIA to inject USD3.6b to property market
24 Mar 2011
(MENAFN) Kuwait Investment Authority (KIA) announced that it would inject a total of USD3.6 billion in the country’s commercial property market as it is still undergoing a down turn, reported Gulf Daily News.
Kuwait Real Estate Union chairman, Tawfiq Al Jarrah, said that the sector is welcoming KIA’s initiative as it would have a positive impact on local investment and real estate firms. He also said that he expects a boost in the Kuwaiti stock exchange as a response to the cash pump.
Jarrah said that the Kuwait’s commercial real estate market consists of a total of 811,000 square meters. He said that more than fifty percent of that area is currently occupied.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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