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MEED REPORT KUWAIT
L&T shares drop over 4% even as co clarifies rumors of potential cancellation of Kuwait oil projectsLarsen & Toubro shares fell after reports said that Kuwait may cancel oil project tenders worth $8.7 billion. The decline followed news tha...- L&T moves to calm nerves after report flags possible $8.7 bln Kuwait cancellationsLarsen & Toubro has clarified that oil project tenders in Kuwait, reportedly facing cancellation, were not part of its order book. This sta...
- GCC: Award over $50 billion in oil and gas contractsTwo projects scheduled to get underway in Kuwait and Oman next year will increase the value of contracts awarded in the GCC's projects.
- Gulf construction feels heat of supply shortagesThe Gulf's booming construction industry is feeling the heat of soaring materials costs and labour shortages amid concern that supply press...
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