RIYADH: Kuwait Projects Co., known as Kipco, expects to acquire Qurain Petrochemical Industries Co. this year, as S&P signals it would struggle to enhance its financial position without the deal. Last March, the two companies signed an agreement to assess a potential merger that would create a firm with a market value of $2.7 billion, according to Bloomberg.
Qurain Petrochemical Industries Company (QPIC), a Kuwait-based firm engaged in investment activities in the petrochemicals sector, has seen its FY net profit jump by 56% to KD22.69 million ($74.11 million).
One dead in accident near Mubarak Al-Kabeer kuwaittimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.com Daily Mail and Mail on Sunday newspapers.
KUWAIT CITY, May 14: The fingerprint attendance devices team affiliated to the Ministry of Electricity and Water for changing the fingerprint attendance system to face identity system was able to collect and update data of 22,450 out of 27,000 employees working in the ministry, reports Al-Anba daily