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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: November 19, 2009
KUWAIT. This is the second store Destination Maternity Corporation has opened in Kuwait through its franchisee, Multi Trend, a member of the Al-Homaizi Group.
Posted: November 19, 2009
UAE. The scheme includes the infrastructure to support freight and high-speed rail passenger traffic.
Posted: November 18, 2009
BAHRAIN. Kuwait Finance House - Bahrain acted as a Joint Lead Manager and a Bookrunner for the US$100 million Sukuk issue for the International Finance Corporation .
Posted: November 17, 2009
KUWAIT. Shares in Kuwaiti logistics firm Agility tumbled on Tuesday after a US grand jury indictment, dragging Kuwait's bourse to its largest one-day drop for 19 weeks as transparency concerns spurred selling.
Posted: November 17, 2009
KUWAIT. OPEC will leave its production unchanged at its meeting next month, the Minister said, adding that current oil price was 'comfortable'.
Posted: November 17, 2009
KUWAIT. The extremely portable XL Go has advanced image handling and data transfer capabilities, elevating the airline's productivity and efficiency.
Posted: November 17, 2009
KUWAIT. Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating Committee of its banks and investors.
Posted: November 16, 2009
KUWAIT. More than US$43 billion in consolidated assets, the bank will deploy GMT Planet across its network of Kuwaiti branch locations.
Posted: November 16, 2009
UAE. Volkswagen Middle East invited its partners in Dubai, Abu Dhabi, Kuwait, KSA, Bahrain, Syria and Oman to participate in the regional round of its 2009 Volkswagen Service Qualification Championship.
Posted: November 16, 2009
UAE. This year, local rugby players from the UAE were joined by international teams from as far afield as Russia, Qatar, Bahrain and Kuwait.
Posted: November 16, 2009
INTERNATIONAL. The US government executed separate letters of offer and acceptance with three of its key allies to purchase Raytheon company's AIM-120C-7 Advanced Medium Range Air-to-Air Missile
Posted: November 15, 2009
GCC. Kuwait shares tumbled to their lowest level since April after Burgan Bank SAK became the country's latest company to report lower third-quarter earnings.
Posted: November 15, 2009
INTERNATIONAL. The profound demographic and social changes that have transformed the GCC are set to continue over the next decade, raising significant questions related to labour and immigration policies.
Posted: November 15, 2009
INTERNATIONAL. The recovery in oil prices is set to accelerate Gulf Arab economic growth to as much as 6.2% in 2010 compared to a projected contraction of 0.9% in 2009, EFG Hermes said.
Posted: November 15, 2009
KUWAIT. Investcorp said its Gulf opportunity fund is to acquire a 20% stake in Gulf Cryo, the Middle East's leading industrial gases manufacturer.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.