Kuwait City News
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U.S. Secretary of State John Kerry plans to meet this weekend with European and Mideast allies to discuss what weapons to provide Syrian rebels, who face an imminent offensive by regime troops in Aleppo and the Damascus suburbs.
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Kuwait invited proposals for the first phase of a renewable-energy park as it plans to generate 15 percent of its electricity from sustainable sources by 2030.
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Harvey Nichols Group Plc, the luxury-goods retailer, will open a store in Kuwait City in September, the Sunday Times reported without saying where it got the information.
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Aviation Lease & Finance Co., a Kuwaiti aircraft leasing company, will generally refrain from buying new airliners until it gets the first of 117 planes already on order in four years, its chairman said.
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Kuwait’s benchmark index climbed to a three-year high on bets investors will boost stock purchases after their retail loans are canceled.
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Thousands of Kuwaitis marched late yesterday southwest of Kuwait City to protest against the sentencing of opposition leader Musallam Al-Barrak to five years in prison.
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Josef Ackermann, the former chief executive officer of Deutsche Bank AG who now chairs Zurich Insurance Group AG, said allowing the euro to fail would be more costly than deepening the region’s fiscal and political ties.
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Simpson Thacher & Bartlett LLP corporate partner William R. Dougherty took over the chairmanship of the firm’s executive committee yesterday.
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Kuwait plans to spend as much as 5 billion dinars ($17.5 billion) on its infrastructure-led state development plan in the current fiscal year as bankers called on the government to execute projects.
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Sun-drenched Kuwait, a desert nation with no solar-power plants and electricity demand that’s growing about 8 percent a year, has set the most ambitious target for using renewable energy in the Gulf region.
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