Dow Chemical announced recently that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
The deal has a value of $3.3 billion at list price.
Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait.
The central bank clamped down on derivatives trading in 2008 as Kuwaiti banks were hit hard by the debt problems of local investment firms.
Adel Mohammad al-Roumi said that the company has fulfilled all the technical and legal requirements to list on the bourse.
Investment Dar has been embroiled in litigation over a stake in Boubyan Bank, which it sold to Commercial Bank of Kuwait in 2008.
Kuwait next play Oman while the UAE face Iraq in a repeat of last year’s final which they won 2-1 after extra time.
The central bank had sent a notice to all treasury managers informing them that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks if they are in line with the regulations.
Benchmark brent crude dipped to a four-year low of under $80 per barrel last week, compared with a June high above $115.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
Kuwait is planning to lift its capacity to four million barrels per day by 2020 and maintain that figure by 2030.
The widely differing numbers underline the difficulty of finding reliable economic statistics in the Gulf, where many governments have not developed extensive systems for collecting data.
The firm made a profit of KD13.04 million ($44.8 million) in the third quarter of 2014.
The firm made KD10.9 million ($37.45 million) in the third quarter of 2014.
Iran’s oil minister Bijan Namdar Zangeneh discussed the developments in the oil market with Kuwait’s emir, the Iranian news agency reported.
The major oil exporter’s public spending was 6.12 billion dinars in April-September, below 11.61 billion dinars originally planned for the period.
The middle distillates market was hit by high supplies this year compared to last, which may have affected the term premium.
The U.S. Trade Representative said Kuwait had failed to introduce a copyright law in line with international standards and to properly protect copyright and trademarks.
A petrol price hike would probably have a much bigger impact on consumers than the diesel and kerosene changes.
The bank said several of its customers who have ongoing credit facilities with the bank obtained external funding to subscribe to the bond.
Kuwait’s oil minister also said he believed surplus production in the oil market would be absorbed soon, but that the extent of the surplus was not clear.
The lender, Kuwait’s third largest by assets, is issuing 216 million new shares.
Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.
The country has undershot its budget plans repeatedly in recent years as political disputes have delayed budget approvals.
The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.
The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”
Other bidders for the contract included China State Construction Engineering Corporation and Arabtec.
The company made a net profit of KD46 million ($158.4 million) in the third quarter of 2014, down from KD53 million in the year-earlier period.