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Posted: 14-03-2009
KUWAIT.Kuwait will cooperate with France in the field of nuclear power, the deputy prime minister of the Gulf nation said on Friday, hinting it could take a stake in French nuclear group Areva. Speaking after a meeting with President Nicolas Sarkozy, Sheikh Jaber Moubarak Al-Hamad Al-Sabah said the two leaders had discussed the possible purchase of French military material and the issue of energy and nuclear reactors. Asked if Kuwait would cooperate with France in the domain of nuclear energy for civilian use, he said: "Yes." In response to a question on whether Kuwait was among the Gulf co
Posted: February 11, 2016
SAUDI ARABIA. A record 5,967 teams comprising over 16,500 entrepreneurs from 21 Arab countries enter competition; Winners ceremony to be held in Jeddah on 14 April, 2016.
Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
Posted: February 9, 2016
UAE. The YPO Global Pulse Confidence Index for the Middle East and North Africa declined for the fifth consecutive quarter, falling nearly one point to 56.4, below the global confidence level of 58.0; Economic confidence in the UAE fell 7.2 points to 50.3, its lowest score in the six-year history of the index.
Posted: February 2, 2016
KUWAIT. Huawei teams up with government entities and private enterprises to examine how better connected cities and systems can contribute to future economic competitiveness.
Posted: January 27, 2016
UAE. Attraction and international mobility are key to national success and prosperity; UAE ranks number one in sustainability of retaining talent and night-safety of employees; Among global top 10 in use of social and virtual networks for career growth; Social mobility rankings within global top 10.
Posted: January 19, 2016
UAE. Nine of the 13 MENA sovereigns are investment grade; Egypt, Iraq, Jordan, and Lebanon are speculative grade; Oman and Saudi Arabia ratings lowered on the sharp deterioration in their fiscal deficits; GCC members to maintain their exchange rate pegs to the US dollar over the medium term.
Posted: January 19, 2016
KUWAIT. Oil company integrates Cisco Network Access Control into network hardware refresh to implement security, access, and compliance policies.
Posted: January 14, 2016
INTERNATINAL. Disputes in Kuwait's ruling Al Sabah family that sparked international sports sanctions against the Gulf state went again on public display this week.
Posted: January 12, 2016
KUWAIT. The company will provide unique educational curriculum that allows investors to improve their trading skills and develop their abilities in conducting specialized financial analysis for better trading decisions.
Posted: December 28, 2015
KUWAIT. Ahli United Bank's inclusion in the index was a result of MSCI's semi-annual index review process.
Posted: December 8, 2015
UAE. Agreements were reached in recent days by members of the GCC on certain design aspects of the VAT systems that are expected to be implemented around the region; The big question now is "when" not "if" VAT will be implemented, and, importantly, by which country (or countries) first.
Posted: December 1, 2015
KUWAIT. "Only a few companies have taken advantage of bond and sukuk markets to extend their liability profiles and diversify their investor base."
Posted: November 30, 2015
KUWAIT. Kuwait is promoting itself as a go-to destination for foreign investment through streamlining procedures for licensing and granting incentives and guarantees to help boost FDI.
Posted: November 18, 2015
UAE. Despite global economic uncertainties, GCC countries are better-placed than many parts of the world. They can expect continued strong, if slightly slower, growth going into 2016 according to a new ICAEW report.
Posted: November 12, 2015
UAE. Withholding taxes on payments made to foreign companies increased significantly since MENA countries lowered company tax rates to 10%-15%; Considerations for the introduction of VAT in the GCC and Egypt discussed at the EY MENA Tax Conference in Houston.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 11, 2016
INTERNATIONAL. "Although we anticipate some strain on Gulf banks' funding and liquidity this year, good asset quality and strong capitalization remain positive factors."
date:Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
date:Posted: February 10, 2016
UAE. Across the Middle East, educational institutions and providers face a myriad of challenges and opportunities; "Educational organizations are increasingly being asked to demonstrate their wider impact and contribution to goals around employability, social mobility and inclusion."
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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