The Kuwaiti government has set capital spending in the five-year development plan starting in April at KD 45.5 billion ($155 billion), a majority of which will be spent on projects and development of human resources, MP Mohammad Al-Jabri said yesterday.

Citadel Capital, the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in investments under control, confirmed portfolio company National Petroleum Company Egypt Ltd. (NPC Egypt) has divested the National Petroleum Company Shukheir Marine Ltd.