As the scale of investment in Middle East health care increases, the Kuwait Investment Authority (Kia) plans to re-tender bids for the Kuwait Health Assurance Company.
Bidding for the planned private-public sector partnership, intended to develop healthcare services for Kuwait's expatriates, had initially been expected to close in November.
The sale of a 26 per cent stake in the company had initially been intended for Agility Logistics, after the bidding period was extended by two weeks. Agility's offer, announced in December, was valued at 25.6 million (Dh336.7m) Kuwaiti dinars.
On Wednesday, Agility said Kia's move to re-tender had been taken "in the hopes of obtaining a better financial premium".
Kuwait's intention to privatise portions of its critical infrastructure and social services have stalled recently in the face of low levels of financing from European lenders mired in the euro-zone debt crisis and anaemic credit growth among Kuwaiti banks.
The country missed its spending target for its development plans last year as a corruption scandal rocked parliament, leading to some scepticism among economists about whether the government's plans could be realised.
Government spending amounted to 3.19 billion dinars, accounting for 61.5 per cent of the total budget earmarked for those projects, the Kuna news agency reported in January, citing Adel Al Wugayan, the secretary general of the Kuwaiti supreme council for planning and development.
Lending by banks to the private sector grew by 2.5 per cent last year to 28.2bn dinars, according to data from Kuwait's central bank.
ghunter@thenational.ae
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
Results for Stage 2
Stage 2 Yas Island to Abu Dhabi, 184 km, Road race
Overall leader: Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Fernando Gaviria COL (UAE Team Emirates) 2. Elia Viviani ITA (Deceuninck - Quick-Step) 3. Caleb Ewan AUS (Lotto - Soudal)
Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
