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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: December 11, 2014
UAE. Dubai stocks dropped the most since October 2008 and equity markets across the oil-producing Gulf Cooperation Council tumbled after OPEC reduced its estimate for crude demand in 2015.
Posted: December 9, 2014
KUWAIT. I think oil prices will stay around the current level until OPEC changes its production policy, or recovery in world economic growth become more clear, or a geopolitical tension arises.
Posted: December 9, 2014
UAE. Dubai Parks & Resorts is building three theme parks - Motiongate Dubai, Bollywood Parks Dubai and Legoland Dubai - and a 500-room hotel halfway between Dubai and Abu Dhabi.
Posted: December 2, 2014
UAE. Falling oil prices will pose significant challenges to GCC markets, according to a new report by ICAEW. The latest Economic Insight report warns the impact of continued oil price weakness could put considerable pressure on GCC economies and affect real GDP growth, unless they step up diversification efforts.
Posted: December 2, 2014
KUWAIT. IPO fund raised USD9.6bn in 2014 vs. USD12.4bn in 2008, after averaging USD1.8bn during 2009-13; Decline in oil prices may hinder the growth in IPO market.
Posted: November 24, 2014
UAE. Andrew Liveris, speaking on the sidelines of a conference in Dubai, said his company was "moving from doing commodities just for commodities sake, moving more downstream and Kuwait is more about commodities..."
Posted: November 20, 2014
INTERNATIONAL. Both countries posted freedom scores of 8.1, according to the annual Economic Freedom of the Arab World report published by the Fraser Institute. Bahrain dropped from first place last year to third place and a score of 8.0 in this year's report, which is based on 2012 data, the most recent available.
Posted: November 17, 2014
SAUDI ARABIA. "The rapprochement reflects the countries' shared concerns of strategic threats in the region," according to Theodore Karasik. "There's been a lot of pressure on Qatar and a lot of behind-the-scenes negotiating, specifically with Kuwait acting as a broker."
Posted: November 11, 2014
UAE. Now that oil prices have fallen to below US$80 per barrel from around US$100 in the past few months, the economies of the oil-exporting nations of the Gulf Cooperation Council will be tested.
Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
Posted: October 28, 2014
UAE. PwC commissioned a survey of more than 500 retail banking customers in the GCC, to find out what customers really want.
Posted: October 27, 2014
UAE. Major road, bridge and railway projects are already underway, or in the planning phase, in Dubai, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain.
Posted: October 23, 2014
KUWAIT. The KIA will sell its Kuwait Investment Co. holding in an IPO in the first half of next year; Kuwait Finance House and Mobile Telecommunications Co. shares will also be sold.
Posted: October 22, 2014
UAE. Saudi Arabia had the largest rail project pipeline in the region with over US$100bn, including the Riyadh Dammam High-Speed Rail, which is currently under study, along with the Eastern Province Municipality - Dammam Metro.
Posted: October 20, 2014
UAE. Up 400,000 barrels per day from August and the highest level since December 2013, led by Libyan output recovery; Higher volumes from Iraq also drove the increase; "It's numbers like this that are contributing to the enormous slide in oil prices."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 27, 2015
UAE. In S&P's view, the sharp drop in oil prices since mid-2014 is likely to lead to weakening economic, external, and fiscal profiles for the region, particularly for the GCC.
date:Posted: February 26, 2015
UAE. Collinson Latitude report calls for travel brands to reinvent loyalty schemes as they unveil a new breed of traveller who demand more choice and flexibility.
date:Posted: February 26, 2015
UAE. New report's findings are based on Deloitte Global's review of data from a Facebook-commissioned global survey of 10,500 people who use social media.
BAHRAIN. During an interview with Euromoney Conferences, John Sfakianakis the GCC Regional Director at Ashmore Group, said the milestone decision to liberalise the Saudi Tadawul Index is extremely significant as investors will be able to gain exposure to a formidable oil economy by investing in its market.
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