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: June 17, 2014
UAE. Markets calmer than during past bouts of geopolitical instability; CDS stay low, no sign of pressure on currency pegs; Governments have shown they can spend to maintain social peace; Higher oil prices due to Iraq could even benefit Gulf.
Posted: June 11, 2014
UAE. Fundamental shifts in defence policies around the world are occurring; Other Middle East countries included among the top 50 spenders include the UAE, Oman, Iraq, Kuwait, and Egypt.
Posted: June 10, 2014
KUWAIT. The Kuwaiti government has decided in principle to end subsidies on diesel fuel but will deal with any negative impacts on consumers before implementing the decision, the cabinet said.
Posted: June 3, 2014
INTERNATIONAL. A fund focused on the six GCC countries will target sale-and-leaseback deals for shopping centers, warehouses and infrastructure such as schools and hospitals.
Posted: May 30, 2014
UAE. Euler Hermes global economic outlook identifies hot, bright and soft spots; GCC GDP growth of 3.6% in 2014 and 4.2% in 2015; World GDP growth set to recover (+2.9% in 2014) but the pace of the recovery remains slow (below 3%) and downside risks prevail.
Posted: May 28, 2014
SAUDI ARABIA. The IMF expects above 4% growth for Saudi Arabia, for the current and the next year, supported by government spending and increased contribution from private sector activity.
Posted: May 27, 2014
UAE. With the competitive gap between GCC companies and competitors in Europe, North America, and the Far East remaining stubbornly present, corporate leaders in the region need a more holistic approach to business success - one that places strong emphasis on organizational culture.
Posted: May 21, 2014
KUWAIT. Based on industry estimates, healthcare spending in the region reached US$69.6 billion. In absolute terms, Saudi Arabia led the region with US$17.5 billion followed by the UAE's US$9.4 billion.
Posted: May 14, 2014
KUWAIT. Kuwait Downstream Technology Summit scheduled to take place from 1 - 4 June 2014.
Posted: May 13, 2014
KUWAIT. Energy demand soars in Kuwait to power air conditioning during the scorching Gulf summers; Kuwait expects to import 2.5 million tonnes of gas annually; Deals with BP, Shell and Qatargas this year.
Posted: May 13, 2014
UAE. US$12 billion of previously stalled projects in the UAE have now resumed construction, according to Deloitte report; US$17 billion of project management contracts tendered in Saudi Arabia; Qatar to spend in excess of US$70 billion in anticipation of the 2022 FIFA World Cup and Qatar Vision 2030.
Posted: May 12, 2014
UAE."They will sharply lift the growth rate in the region and create hundreds of thousands of new GCC jobs, but more needs to be done to co-ordinate these projects at a regional level and to share the knowledge the GCC will acquire in megaproject delivery."
Posted: May 9, 2014
KUWAIT. The market is expected to once again top the US$100 billion mark in new sukuk issuances volume this year, according to KFH Research analysis.
Posted: May 7, 2014
INTERNATIONAL. Significant demand will be driven by the oil and gas industry in the Middle East as national oil companies in these countries expand.
Posted: May 7, 2014
UAE. There has been increasing volumes of positive news surrounding the construction industry over 1H2014 and with the awarding of the Expo 2020 to Dubai, there is going to be concentrated activity in the infrastructure, and residential and non-residential sectors.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.