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 23, 2015
UAE. Middle East family businesses remain dynamic and resilient, with 79% recording growth in sales last year and 40% looking to achieve aggressive growth in the next five years; Succession is more hazardous than ever, with only 14% claiming to have a robust succession process, below the global average of 16%.
Posted: March 19, 2015
QATAR. Strong macroeconomic fundamentals and the lowest breakeven oil prices amongst the GCC; Real GDP projected to slow in 2015 (1.0%) before recovering in 2016 (1.8%).
Posted: March 19, 2015
UAE. Concerns remain about the fuel for continued innovation and competitiveness according to Oliver Wyman / Zogby Research survey; the needs for investment, talent, research, and infrastructure are stubborn obstacles to innovation within Saudi Arabia, Qatar, and Kuwait, and especially in the UAE.
Posted: March 17, 2015
KUWAIT. Kuwait is cooperating with the IMF to discuss introducing a corporate tax for local companies, state news agency KUNA quoted Commerce and Industry Minister as saying.
Posted: March 17, 2015
UAE. Regardless of age and industry, the urge to learn is considerable in the Middle East and North Africa, according to a recent survey conducted by Bayt.com.
Posted: March 12, 2015
INTERNATIONAL. "When you throw in geopolitics, technological advances, and changes in tax policy, one quickly realizes that nobody knows which way oil prices are heading."
Posted: March 5, 2015
UAE. Qatar, Saudi Arabia and Kuwait all ranked in the top 10, with the three nations performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel.
Posted: March 4, 2015
UAE. The strong fiscal positions of most GCC sovereigns curb the need for debt or sukuk issuance to meet financing needs for infrastructure projects or deficits.
Posted: March 1, 2015
UAE. Residential (US$28bn), Commercial (US$11.46bn) and Education (US$7.13bn) were the leading sectors; Initial market indicators suggest sustained growth in 2015 with an estimated 21% increase in construction projects awarded across the GCC.
Posted: February 28, 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.
Posted: February 19, 2015
UAE. Sherpa Kids International - a company that runs before and after school clubs and holidays activities for primary school-aged children - is launching its wide-ranging programme of activities in the Middle East.
Posted: February 17, 2015
UAE. In 2015 the majority of businesses expect to increase salaries by a maximum of 5%; Working professionals believe their monthly salaries will jump by over 10% this year, according to the Hays GCC 2015 Salary & Employment report, just published.
Posted: February 15, 2015
KUWAIT. KFH achievements in the Sukuk market highlights its position as global market maker.
Posted: February 14, 2015
KUWAIT. Kuwait has built up large fiscal and external net asset positions over many years, which will help it weather the current fall in the oil price; Outlook stable.
Posted: February 10, 2015
UAE. Rapidly growing populations and per capita incomes, rising life expectancies, a high incidence of lifestyle-related diseases, and ambitious medical infrastructure projects are driving health care industry growth in the Gulf Cooperation Council states, says new Deloitte healthcare report.
date:Posted: March 28, 2015
QATAR. Notwithstanding the weak start for the global economy, Asian economies are expected to continue to grow rapidly in 2015. We expect economic growth to average 5.7% in 2015, the same rate as in 2014.
date:Posted: March 27, 2015
INTERNATIONAL. Yemen's close proximity to Saudi Arabia and its strategic location on one side of the fourth busiest shipping lane for crude oil, raise worries about potential disruptions.