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: 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."
Posted: October 8, 2014
INTERNATIONAL. As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance.
Posted: October 7, 2014
UAE. The exit will enable NBK to strengthen its capital position and pursue its regional expansion strategy of owning and managing controlling stakes in entities in the MENA region, with a greater focus on the GCC.
Posted: October 6, 2014
UAE. Ventures ME report reveals the huge investment being made across the region in the school, college and university building sector.
Posted: October 3, 2014
INTERNATIONAL. Sharp cuts in Saudi Arabia's oil sale price to Asian customers came as the clearest sign yet that the world's largest exporter is trying to compete for crude market share.
Posted: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
Posted: September 30, 2014
KUWAIT. The Kuwaiti Capital Markets Authority said in a statement that the move obliged institutions to freeze all funds belonging to those accused of terror financing.
Posted: September 30, 2014
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
Posted: September 28, 2014
KUWAIT. August oil production was 2.89mln bpd; Tenders to build Kuwait's Al Zour refinery have been extended after delays and political opposition.
Posted: September 26, 2014
UAE. Regional private wealth will reach US$7.2 trillion by end of 2018, approx. 3.6% of total global wealth; "Some clients are under the mistaken belief that their wealth may be very high to use the services of wealth management experts."
Posted: September 25, 2014
KUWAIT. Surplus is 1.6% higher than previous year; Total received revenues in the fiscal year 2013/2014 amounted to KWD31.8bln; KFH Research continues to forecast a surplus of 17.9% in FY2014/15.
Posted: September 23, 2014
UAE. "On the whole, the outlook for the region is a good one;" 35% of respondents claim job opportunities will increase; Concerns about rising cost of living.
Posted: September 22, 2014
QATAR. Based in Qatar, Nick Witty is returning to the region after a brief spell in the UK and will be leading real estate advisory by assisting clients to identify, appraise, value, fund and deliver real estate projects,
date:Posted: October 23, 2014
SAUDI ARABIA. The 2014 study - which outlines the top priorities that concern young Saudis - is key to helping policymakers and business leaders design initiatives targeted at improving the lives of the Kingdom's current and future generations.