Mubasher has spotted an eye on economic news in Kuwait as newspaper Al Qabas wsaid that the National Bank of Kuwait (NBK) will lead two consortiums to fund airport and refineries projects.

The local newspaper noted that NBK, Commercial Bank of Kuwait, Gulf Bank of Kuwait, and Ahli United Bank are the local banks funding governmental projects.

On a separate note, Al Qabas added that Kuwait International Bank and the Islamic Development Bank participated in financing petroleum projects in Egypt for a value of $400 million.

On another note, Kuwait Financial Centre (Markaz) was granted a permission by the Capital Market Authority and Kuwait Clearing Company to take over 91.8 million shares of the Kuwait Reinsurance Company at 200 fils a share, with a total value of KWD 18.3 million.