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: March 15, 2016
UAE. According to a new report by the World Economic Forum (WEF), written in collaboration with The Boston Consulting Group (BCG), since 2010, approximately 3,200 education companies around the world have received private ed-tech investments - however, only a mere 12 were based in the Middle East.
Posted: March 11, 2016
UAE. With economic commentators predicting a difficult 2016 employers across the region may be forced to look at staffing levels; this article examines the issues involved when an employer reduces headcount together with the various regulations applicable across the GCC.
Posted: February 13, 2016
KUWAIT. Kuwait has built up very large fiscal and external net asset positions over many years, which will continue to help it weather the current low oil price environment; The overall fiscal and external balance sheets will remain strong, backed by a significant stock of financial assets.
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."
date:Posted: July 31, 2016
INTERNATIONAL. Finland tops 2016 Social Progress Index; Canada, Australia and UK also perform well;
The most significant underperformers relative to GDP are the Gulf States: Saudi Arabia (65th, $49,537); Kuwait (45th, $69,878) and the UAE (39th, $64,563).
date:Posted: July 29, 2016
INTERNATIONAL. Iran received its first delivery of Russian-made S-300 air defense systems in May; Satellite imagery shows intensive construction underway at an air base near Tehran to accommodate the systems.