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: August 20, 2014
UAE. The seminars which are only for investment professionals will take place from 8:30am - 12:00pm: in Riyadh (a mixed event) on August 31st, Bahrain on Sept 1st, Kuwait Sept 2nd, Abu Dhabi Sept 3rd, Dubai Sept 4th, and Doha on Sept 7th.
Posted: August 19, 2014
UAE. Executives and junior executives are especially in demand amongst MENA employers, according to Bayt.com and YouGov survey.
Posted: August 18, 2014
KUWAIT. Kuwait has a rich oil and gas endowment, which has made it wealthy and enabled it to build very strong external and fiscal balance sheet positions, says S&P; The outlook is stable.
Posted: August 15, 2014
KUWAIT. Kuwait confirms the network layout for its new US$20 billion metro with construction due to begin in 2017; KNPC to invest US$35 billion on expanding oil and gas projects over the next five years.
Posted: August 13, 2014
UAE. The initial public offering market in the GCC in the second quarter of 2014 started off and ended on a high, with a total of seven IPOs, compared to two in Q1 2014.
Posted: August 13, 2014
KUWAIT. A key driving factor that will drive the growth Islamic finance development in Africa is the growing significance of trade and investment relationships between Africa and key Islamic finance jurisdictions, particularly, the GCC.
Posted: August 11, 2014
KUWAIT. The offer from a U.S. private equity firm comprised US$2.4 billion in cash and a further US$800 million subject to certain conditions, according to KIPCO.
Posted: August 8, 2014
KUWAIT. The United States imposed sanctions on Shafi al-Ajmi and Hajjaj al-Ajmi, accusing them of raising money for Al-Nusra front, a jihadist group fighting in Syria.
Posted: August 6, 2014
UAE. It is said that education is the best investment you can make for yourself and for your children. The affluent population in the Middle East appear to agree. They are also amongst the most digitally plugged-in in the world.
Posted: August 5, 2014
KUWAIT. 2014 may overtake 2012's sukuk volume of US$131.2 billion; The global primary market volume is up 6.8% to US$74.15 billion in the 7 months ended July 2014; Senegal issued its inaugural sovereign sukuk.
Posted: August 1, 2014
KUWAIT. S&P views Al-Ahleia Insurance Co as a leading insurer in Kuwait, with a particular strength in marine business and with market-leading operating performance; It views the current operational scale of the company as sustainable.
Posted: July 29, 2014
KUWAIT. US$35.1 billioln of new sukuks issued during 2Q14; GCC primary market account for 26.7% market share or US$17.7 billion of the total global new sukuk issuances in 1H14.
Posted: July 27, 2014
QATAR. In the long run, the dynamism and innovation of the private sector is expected to drive growth and development with the government focusing on creating the right physical and legal environment to encourage that process.
Posted: July 23, 2014
KUWAIT. The information ministry said that the licences of Al-Youm television and Alam Al-Youm newspaper had been revoked "for losing some of the terms and conditions for obtaining a licence".
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.
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.