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Kuwait

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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: July 22, 2014
UAE This article provides an updated summary of the key employment law developments across the GCC; A new Government body known as the Manpower Authority is being created in Kuwait to take over certain functions of the Ministry of Social Affairs and Labour.
Posted: July 21, 2014
KUWAIT. First half 2014 net profit figure represents an increase of 10% over the same period last year; Deposits increased by 4% to reach US$ 38.1 billion.
Posted: July 21, 2014
KUWAIT. Kuwait Projects Co. received an offer to buy 100 percent of OSN, the pay-TV company valued at $4.3 billion by Arqaam Capital.
Posted: July 15, 2014
UAE. 81% state finding a job is the biggest challenge, with banking and finance being the preferred industry to work in.
Posted: July 12, 2014
KUWAIT. S&P expecst Kuwait Energy PLC's oil and gas production to stay concentrated on a few fields in Egypt, Yemen and Iraq, where it see significant country risk. The outlook is stable.
Posted: July 12, 2014
KUWAIT. New issuance rally in June (US$11.6 billion) enables 1H14 to outperform; Corporate sukuk sector records bumper contribution; 2014 to overtake 2012's record of US$131.2 billion.
Posted: July 9, 2014
UAE. International residential developers are expected to increase their pipeline significantly as City of London sales continue to grow, says JLL research report.
Posted: July 9, 2014
UAE. Commercial aerospace may be reaching its peak as the "war on costs" continues in defence and new players and technologies enter the industry; Sector driven by continued expansion of Middle East-based carriers which are increasing their scale and scope through massive fleet orders.
Posted: July 7, 2014
UAE. The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China. This trend will reshape the global geopolitical landscape according to a Deloitte report.
Posted: July 1, 2014
UAE. 55% claim that important decisions and vital meetings are not postponed till the Holy Month is over, according to the latest Bayt.com "Ramadan in the MENA Workplace" poll.
Posted: June 27, 2014
UAE. The continued growth of social media penetration in the Arab world is increasing the potential for governments to engage citizen on enhancing public services.
Posted: June 25, 2014
UAE. Increase in new funding encourages Middle East sovereigns (and others) to allocate assets strategically rather than tactically; Sovereign investor risk appetite and time horizons increasing, while home market bias decreasing .
Posted: June 23, 2014
INTERNATIONAL. US$1.6 trillion offshore wealth from MEA in Switzerland; 111,000 HNWIs with up to US$5 million private wealth each in Saudi Arabia, UAE & Kuwait; Asset managers sees surge in flight of capital for secure returns.
Posted: June 20, 2014
KUWAIT. Kuwait's exceptionally strong sovereign balance sheet is the key support for the ratings. Very high per capita oil exports have consistently generated large fiscal and current account surpluses.
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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 22, 2014
INTERNATIONAL. By 2040, Africa will experience faster economic growth than any other region and is expected to have the biggest labour force in the world; By 2030 Dar es Salaam and Luanda could have bigger populations than London has now.
date:Posted: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
date:Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
SAUDI ARABIA. Saudi Arabia set out draft proposals on foreign-shareholder limits as one of the world's most restricted stock markets prepares to open its doors for the first time to investors outside the region.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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