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: September 4, 2015
UAE. The Middle East's 16 largest centres of economic growth could have substantial risk from a series of threats over the next decade, according to research for Lloyd's.
Posted: August 18, 2015
UAE. GCC governments understands the urgent need for fiscal-sustainability in the long-term. This urgency, according to Deloitte's latest report, would be addressed if GCC governments could commit to the domestic implementation of a broad-based Value Added Tax on goods and services.
Posted: August 16, 2015
KUWAIT. The sharply lower oil price environment since mid-2014 significantly reduced S&P's forecast of Kuwait's fiscal and external surpluses. However, Kuwait has built up very large fiscal and external net asset positions over many years, which will help it weather the current environment; The outlook is stable.
Posted: August 12, 2015
UAE. Transborder rail transport in the Arabian Peninsula dates back to the early 20th century and the Hejaz Railway which linked Damascus in Syria to Medina in Saudi Arabia; Over a century following its closure, the GCC is now embarking on one of the largest modern cross-border rail networks in the world.
Posted: August 12, 2015
INTERNATIONAL. World Bank report projects lower export earnings and revenue for MENA's other oil exporters, such as the Gulf States and Libya, while oil importers in the region, such as Egypt and Tunisia, will benefit from lower world prices.
Posted: July 15, 2015
UAE. UAE ranks eighth overall in Arcadis Retail Operation Index, with a strong economic environment and infrastructure ranking; UAE tops Middle East ranking as the most attraction location for retailers, followed by Qatar, Saudi Arabia, Kuwait and Egypt.
Posted: July 3, 2015
UAE. The Middle East real estate market is one of the fastest growing sectors in the world, with foreign developers injecting billions of dollars in residential, office/commercial, retail and hospitality segments.
Posted: June 20, 2015
KUWAIT. "Kuwait's ratings reflect its exceptionally strong fiscal and external position, balanced against a heavily oil-dependent economy, a degree of geopolitical risk, and weak scores on measures of governance and ease of doing business."
Posted: June 18, 2015
UAE. Dubai and Abu Dhabi listed at 23rd and 33rd places respectively; Economic and political unrest challenge multinationals' planning for international assignments to compete globally.
Posted: June 16, 2015
INTERNATIONAL. Output climbed above 31 million b/d, highest since late 2012; Saudi Arabia led the upward charge with a 150,000 b/d-increase to 10.25 million b/ .
Posted: June 15, 2015
UAE. Report commissioned by Kuwait-based Noor Telecom and supported by Dubai Islamic Economy Development Centre finds significant untapped growth potential of Digital Islamic Services.
Posted: June 15, 2015
EGYPT. Arab tourists increase by 20.9% during the first four months of 2015, according to the Chairman of the Egyptian Tourism Authority; Saudi tourists increase by 69.9 Emiratis 49.8% and Kuwaitis 37.1%.
Posted: June 9, 2015
UAE. After several years of stabilizing asset quality, declining credit losses, and improving returns, banks in the Gulf are navigating rougher waters, Standard & Poor's said in a report published today.
Posted: May 20, 2015
KUWAIT. UBG taps Bluemix and IBM cloud data centers to increase productivity for developers and to offer managed services to customers.
Posted: May 19, 2015
INTERNATIONAL. What we are seeing now are fundamental re-emerging realities: Europe is a highly fragmented collection of nation-states. China contains its centrifugal forces through a powerful and repressive government in Beijing. Russia is neither an equal of the U.S. nor a helpless cripple to be ignored or tutored. And the map of the Middle East, created by the Ottomans and the Europeans, has hidden underlying forces that are rearing their heads.
date:Posted: November 25, 2015
UAE. EMAAR, Shell, and Emirates lead The LinkedIn InDemand list of the most sought-after employers in the region based on millions of interactions from members; Rather than relying on questionnaires, InDemand measures the actual behaviour of professionals as they explore their career journey.
date:Posted: November 24, 2015
INTERNATIONAL. The Global Tax Report 2015, by Knight Frank and EY analyses the buying, holding and selling costs for foreign buyers of prime residential property.