<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Kuwait</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Oil market outlook 2012: WTI crude oil prices expected to stay in the range of US$95-US$100 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56451</link>
<description><![CDATA[KUWAIT. Oil prices expected to be volatile as European debt crisis remains unresolved; China to remain the main oil demand growth driver in 2012.]]></description>
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<title><![CDATA[Zain Saudi Arabia to extend US$2.6 billion Islamic financing facility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56394</link>
<description><![CDATA[SAUDI ARABIA. Earlier this month, Zain Saudi Arabia posted an 11% decline in losses, bringing the firm&#039;s accumulated losses to about 9.6 billion riyals, around two-thirds of the company&#039;s 14 billion riyals of share capital.]]></description>
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<title><![CDATA[Kuwait chooses Total as partner in US$9 billion China refinery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56350</link>
<description><![CDATA[KUWAIT. Total would take part of Kuwait&#039;s 50 percent stake in the refining and chemical venture, with the Paris-based company&#039;s share &quot;still to be decided.&quot;]]></description>
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<title><![CDATA[Kuwait hires HSBC to help arrange privatization of stock exchange]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56265</link>
<description><![CDATA[KUWAIT. HSBC Bank Middle East signed an agreement with the Capital Markets Authority that will lead &quot;to the privatization of the Kuwait Stock Exchange and the establishment of a new company that will own and operate the stock market.&quot;]]></description>
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<title><![CDATA[CBRE to advise Alshaya on La Senza UK store portfolio ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56259</link>
<description><![CDATA[INTERNATIONAL. Property adviser retained by Middle East&#039;s leading retail franchise operator.]]></description>
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<title><![CDATA[Road, rail and bridge projects planned in the GCC worth US$142 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56079</link>
<description><![CDATA[UAE. Railway projects, including rail, metro, tram, and stations are valued at US$79 billion, this includes the US$30 billion GCC rail network.]]></description>
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<title><![CDATA[Alshaya acquires La Senza UK, plans US$155 million investment in British retail sector]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56073</link>
<description><![CDATA[KUWAIT. Under an agreement with KPMG, the administrators to La Senza UK, Alshaya UK Limited has acquired the exclusive franchise rights for the La Senza brand in the UK and 60 stores. ]]></description>
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<title><![CDATA[GCC Investment Strategy-2012: Uncertainty likely to overshadow fundamentals]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56075</link>
<description><![CDATA[KUWAIT.  KSA looks good at current levels; Qatar on dips; Banking offers numerous opportunities; Play the dividend game.
]]></description>
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<title><![CDATA[Gatehouse Bank seals US$54.5 million US medical facility investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56057</link>
<description><![CDATA[KUWAIT. Kuwaiti wholesale Shariah compliant investment bank in London, has successfully delivered its first real estate realized investment.]]></description>
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<title><![CDATA[Alshaya poised for La Senza deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=56053</link>
<description><![CDATA[INTERNATIONAL. Kuwait-based retail Group is in advanced talks to buy part of the business - understood to be 60 stores - as part of a pre-pack administration deal.]]></description>
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<title><![CDATA[Kuwait stocks slump to new seven-and-half-year-low ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55999</link>
<description><![CDATA[UAE. Kuwait&#039;s market slumped on Thursday on political uncertainty in the Gulf state, while regional bourses ended mixed. ]]></description>
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<title><![CDATA[Kuwait&#039;s budget surplus reaches US$42 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55956</link>
<description><![CDATA[KUWAIT. Surplus in the first eight months of 2011-12 fiscal year double than a year ago on higher than expected oil revenue and lower spending; accounts for 33% of GDP.]]></description>
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<title><![CDATA[Middle East stocks plunge in 2011 on Arab Spring, eurozone woes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55931</link>
<description><![CDATA[INTERNATIONAL. Middle East markets, with the exception of Qatar, ended the year with deep losses after grappling with the Arab Spring and shaken local confidence. The losses ranged, from 3.06% in Saudi Arabia to 49.3% in Egypt. ]]></description>
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<title><![CDATA[Changes in MENA tax laws promote better transparency, says Ernst &amp; Young]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55882</link>
<description><![CDATA[INTERNATIONAL. Tax authorities in the region have begun to depart from earlier accepted and expected tax norms.]]></description>
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<title><![CDATA[Gulf Arabs back unity after hinting at Iran threat]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55859</link>
<description><![CDATA[SAUDI ARABIA. Regional political upheavals revive dormant GCC unity plans; Development aid for non-GCC members Jordan, Morocco and Yemen.]]></description>
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<title><![CDATA[Arab states suffer foreign investment slump as political unrest sweeps the region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55709</link>
<description><![CDATA[KUWAIT. Foreign financing will shrink to between US$50 billion-US$55 billion in 2011 from US$66.2 billion the previous year, the Arab Investment &amp; Export Credit Guarantee Corp., known as Dhaman, said.]]></description>
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<title><![CDATA[Middle East remains the easiest region to pay taxes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55703</link>
<description><![CDATA[UAE. UAE ranked 6th out of 183 economies globally; Qatar remains the 2nd easiest country to pay tax globally, for the third year running, according to PwC report. 

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<title><![CDATA[Cautious outlook across Gulf businesses despite healthy 2012 salary forecast, finds Mercer study ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55707</link>
<description><![CDATA[UAE. Survey results shows nearly every company surveyed in three key markets - Saudi Arabia, UAE and Qatar - plan to give pay rises and hire more people during the coming year.]]></description>
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<title><![CDATA[Could war flare again between Iraq and Kuwait? ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55688</link>
<description><![CDATA[INTERNATIONAL. While Iraq and Kuwait are now at peace, many of the border issues that led to conflict two decades ago remain, which no amount of diplomatic bonhomie can completely paper over.

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<title><![CDATA[Power generation challenges in the GCC: Immediate capacity increases and expanding sustainable power sources to meet soaring needs]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55656</link>
<description><![CDATA[UAE. A.T. Kearney analysis says improved interconnections, unbundling and faster migration to renewable sources will fill gaps in power generation.

]]></description>
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<title><![CDATA[S&amp;P Indices and Arab Federation of Exchanges create S&amp;P AFE 40 Index ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55631</link>
<description><![CDATA[INTERNATIONAL. The S&amp;P AFE 40 is comprised of the 40 largest stocks (measured by float-adjusted market capitalisation) listed on AFE member exchanges.]]></description>
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<title><![CDATA[Middle Eastern listed companies slowly improving transparency online, reveals webranking survey ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55609</link>
<description><![CDATA[UAE. Al Khalij Commercial Bank from Qatar emerged as overall winner in the Middle East, followed by Aamal Company, also from Qatar, in second place. UAE real estate group Emaar maintained its position as third best corporate website.]]></description>
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<title><![CDATA[Drake &amp; Scull wins AED200 million  deal to develop Kuwait University]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55598</link>
<description><![CDATA[KUWAIT. The contract is for mechanical, electrical and plumbing works for the college of art at the Sabah Al-Salem University development in Shadadiya.]]></description>
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<title><![CDATA[Zain Iraq in strategic US$650 million five-year network outsourcing and optimization agreement with Ericsson]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55446</link>
<description><![CDATA[IRAQ. Deal expected to deliver Zain customers in Iraq a better mobile experience on a high- quality network; Ericsson will modernize, manage, operate and improve the wireless network and IT operations. ]]></description>
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<title><![CDATA[Rising debt maturities in the Gulf pose refinancing risks, says S&amp;P]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55329</link>
<description><![CDATA[UAE. Industry experts estimate bonds and sukuk of about US$25 billion will mature in 2012, rising to about US$35 billion in 2014. ]]></description>
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<title><![CDATA[Thousands of Kuwaitis storm parliament]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55326</link>
<description><![CDATA[KUWAIT. The demonstrators broke open parliament&#039;s gates and entered the main chamber, where they sang the national anthem and then left after a few minutes.

]]></description>
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<title><![CDATA[KPMG Kuwait takes lead in Foreign Account Tax Compliance Initiative in the region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55290</link>
<description><![CDATA[KUWAIT. KPMG tax professionals from the US together with local tax staff will held a briefing session on the impact of FATCA in Kuwait ]]></description>
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<title><![CDATA[Kuwait&#039;s ALAFCO buys 50 Airbus A320neo planes]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55284</link>
<description><![CDATA[UAE. Kuwait-based leasing company ALAFCO on Monday signed an agreement with Airbus to buy 50 A320neo aircraft, valued at US$4.6 billion at list price.]]></description>
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<title><![CDATA[Kuwait&#039;s oil output exceeds 3 million bpd]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55263</link>
<description><![CDATA[KUWAIT. Kuwait oil minister warned that any cut in crude production would send world prices soaring.
]]></description>
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<title><![CDATA[US negotiating combat troop boost in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55226</link>
<description><![CDATA[INTERNATIONAL. The US is negotiating with Kuwait to allow several thousand US combat troops now in Iraq to redeploy to counter Iran&#039;s influence in the region.]]></description>
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<title><![CDATA[Drake &amp; Scull Kuwait channelling regional expertise to drive local construction]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55114</link>
<description><![CDATA[UAE.  Company exclusively owns unique engineering technologies, especially in the MEP and Water and Power sectors, and enjoys close ties with governmental and private property developers. 

]]></description>
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<title><![CDATA[US plans post-Iraq buildup in Gulf, says report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55061</link>
<description><![CDATA[INTERNATIONAL. The New York Times reports the US is negotiating with Kuwait to allow American combat troops to be based in the Gulf area after completing the announced withdrawal from Iraq by the end of this year.

]]></description>
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<title><![CDATA[Kuwait delays state airline&#039;s privatisation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55060</link>
<description><![CDATA[KUWAIT. The committee made a recommendation to the Council of Ministers to proceed with a restructuring plan before undertaking the privatisation process.]]></description>
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<title><![CDATA[Kuwait first half income surges on high oil output, price]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55031</link>
<description><![CDATA[KUWAIT. Income between April and September hit US$50.8 billion compared to US$36.3 billion in the same period last fiscal year, according to ministry of finance figures.]]></description>
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<title><![CDATA[Zain Saudi Arabia board approves capital restructuring program including a US$1.6 billion rights issue ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=55021</link>
<description><![CDATA[SAUDI ARABIA. Strengthening the mobile operation, combined with a planned cash investment and reduced debt levels; New management team appointed to promote greater co-operation between Zain Group and Zain KSA.]]></description>
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<title><![CDATA[Investment Dar will make first payment to investors two months early]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54945</link>
<description><![CDATA[KUWAIT. The implementation of the restructuring plan, which incorporates full repayment for all TID&#039;s banks and investors, began on 30 June 2011. 
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<title><![CDATA[British embassy closed in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54895</link>
<description><![CDATA[INTERNATIONAL. The closure comes less than two weeks before a planned visit to Kuwait by Prince Charles to mark the 50th anniversary of its independence.]]></description>
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<title><![CDATA[Kuwait foreign minister quits over graft case ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54871</link>
<description><![CDATA[KUWAIT. Sheikh Mohammad Al-Sabah, a senior member of the ruling family, has resigned, local media reported, amid tensions over a graft scandal involving several MPs.]]></description>
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<title><![CDATA[Kuwait Petroleum to choose China refinery investors &#039;soon&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54870</link>
<description><![CDATA[KUWAIT. &quot;We at KPC still plan to give around 20% of our share to potential international investors, but a final decision will be made after studies are completed on pivotal issues, such as the number of petrol stations we can obtain.&quot;]]></description>
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<title><![CDATA[Kuwait&#039;s lending growth to slow on faltering investment plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54807</link>
<description><![CDATA[KUWAIT. Kuwait will be the only member of the Gulf Cooperation Council to experience a slowdown in private-sector credit growth next year, according to HSBC, as the implementation of a US$111 billion investment program falters. 

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<title><![CDATA[Zain Saudi Arabia announces improving third quarter financial results]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54792</link>
<description><![CDATA[SAUDI ARABIA. Revenues for the quarter reach SAR 1.8 billion; Gross profit reaches SAR870 million, up 22%; Net losses reduced by more than 11%.
]]></description>
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<title><![CDATA[Young Arab Entrepreneurs set to compete at annual INJAZ Al-Arab regional competition 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54737</link>
<description><![CDATA[UAE. Students from 12 Arab nations to vie for highly converted &#039;Best Company of the year Award&#039; ]]></description>
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<title><![CDATA[Kingdom, Batelco pull US$950 million bid for Zain Saudi stake]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54675</link>
<description><![CDATA[SAUDI ARABIA. Kingdom Holding and Bahrain Telecom &quot;concluded that the terms and conditions as set out in its non-binding offer could not be met to its satisfaction.&quot; ]]></description>
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<title><![CDATA[FTSE licences Kuwait Stock Exchange with the Industry Classification Benchmark]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54645</link>
<description><![CDATA[KUWAIT. The introduction of the internationally acclaimed ICB opens up the doors to a range of new sector-based investment strategies within exchange-based and wider investment products and services for domestic investors. 

]]></description>
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<title><![CDATA[Kuwait&#039;s Zain to challenge ruling on board election]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54634</link>
<description><![CDATA[KUWAIT. The lower court on Sunday scrapped an April election for Zain&#039;s board, saying it was legally flawed.]]></description>
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<title><![CDATA[Kuwait&#039;s US$63.5 billion construction spend will see significant increase in residential developments by 2014]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54529</link>
<description><![CDATA[UAE. Research conducted on behalf of The Big 5 2011 has shown that education and commercial construction take precedence throughout 2012 and 2013, with a major spike in residential development in 2014.]]></description>
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<title><![CDATA[Drake &amp; Scull Kuwait secures US$19.9 million MEP administration contract]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54528</link>
<description><![CDATA[UAE. Total project wins in Kuwait at US$62.7 million in 2011; DSI total projects  collectively worth almost US$981 million as of September 2011.

]]></description>
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<title><![CDATA[Kuwait revenue reached 35% of budget in first two months of fiscal year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54484</link>
<description><![CDATA[KUWAIT. This year&#039;s budget is based on an oil price of US$60 a barrel, up from US$43 in the last fiscal year. 

]]></description>
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<title><![CDATA[National Bank of Kuwait says it has no derivatives exposure]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54483</link>
<description><![CDATA[KUWAIT. The lender said it was not in violation of the country&#039;s central bank rules.]]></description>
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<title><![CDATA[Kuwait Energy optimistic about oil and gas opportunities in Iraq and Egypt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54479</link>
<description><![CDATA[UAE. Kuwait Energy&#039;s Senior Vice President for Iraq discusses the significant opportunities in the MENA region.

]]></description>
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<title><![CDATA[Kuwait&#039;s Global seeks new debt deal from creditors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54469</link>
<description><![CDATA[KUWAIT. Creditor committee set up for new restructuring talks; Evercore Partners to advise Global. 
]]></description>
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<title><![CDATA[GCC states to invest over US$100 billion on rail networks ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54359</link>
<description><![CDATA[UAE. Mega railway projects, connecting all countries of the Arabian Peninsula, set to transform transport and logistics links. ]]></description>
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<title><![CDATA[Kuwait, Saudi boosted oil output to ease prices]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54278</link>
<description><![CDATA[KUWAIT. &quot;Without this measure, oil prices would have shot above current levels causing a global crisis and contributing to a recession in the global economy.&quot;]]></description>
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<title><![CDATA[Madoff firm liquidator seeks US$95 million from Kuwait bank, feeder fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54159</link>
<description><![CDATA[INTERNATIONAL. The liquidator of Bernard Madoff&#039;s firm sued the National Bank of Kuwait in one of five lawsuits demanding return of about US$95 million in funds withdrawn from a so-called feeder fund to the Ponzi scheme.]]></description>
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<title><![CDATA[Kuwait plans to build US$6.2 billion highways ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54132</link>
<description><![CDATA[KUWAIT. Highways costing about KWD1.7 billion dinars to be built over the next three and a half years as Kuwait seeks to become a commercial and financial hub. 

]]></description>
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<title><![CDATA[Kuwait&#039;s emir urges end to &#039;misuse&#039; of surpluses]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54043</link>
<description><![CDATA[KUWAIT. The ruler of Kuwait warned against the misuse of the oil-rich emirate&#039;s mammoth assets as he opened a meeting to study the fallout of the global debt crisis.

]]></description>
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<title><![CDATA[Compagnie Libanaise d&#039;Assurances renamed Zurich Insurance Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54033</link>
<description><![CDATA[UAE. Zurich is also seeking approval from the local regulators in Oman, Lebanon and Kuwait to allow its branches in those countries to operate under the same name.
]]></description>
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<title><![CDATA[Kuwait&#039;s Agility second quarter earnings drop 57%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54024</link>
<description><![CDATA[KUWAIT. Net profit in the three months to June 30 was 7.83 million dinars (US$28.7 million), the company said in a statement, down from 18.09 million dinars a year earlier.

]]></description>
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<title><![CDATA[Kuwait ups security at Bubiyan Island port before Iraq talks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=54023</link>
<description><![CDATA[KUWAIT. Baghdad claims the mammoth Mubarak al-Kabir port, once completed, will strangle its shipping lanes in the narrow Khor Abdullah waterway.]]></description>
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<title><![CDATA[Kuwait stocks retreat to seven-year low on global growth concern]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53985</link>
<description><![CDATA[KUWAIT. The Kuwait Stock Exchange Unweighted Index dropped 0.9% to 5,850.60, the lowest close since August 25, 2004. The measure slumped 3.6% this week. ]]></description>
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<title><![CDATA[GCC markets: Impact of US debt downgrade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53980</link>
<description><![CDATA[KUWAIT. The impact  should be most pronounced on the regional banking and petrochemical sectors, according to a Global Investment House report.]]></description>
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<title><![CDATA[Gulf markets decline steadies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53930</link>
<description><![CDATA[UAE. Most Gulf markets edged lower on Monday on lingering investor concerns about slowing global growth but declines were limited; Abu Dhabi&#039;s index rose 0.37%.]]></description>
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<title><![CDATA[Kuwait&#039;s Kipco first half profit rises fourfold to US$61 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53808</link>
<description><![CDATA[KUWAIT. Net income rose to 16.6 million dinars (US$60.7 million) from 4.2 million dinar, a year earlier.]]></description>
</item>
<item>
<title><![CDATA[Kuwait seeks investor to buy 35% of Kuwait Airways]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53787</link>
<description><![CDATA[KUWAIT. All identified assets, liabilities, rights and benefits of Kuwait Airways will be transferred to a new company called Kuwait Airways Co. KSC.]]></description>
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<item>
<title><![CDATA[Kuwait gets US$1.06 billion in Iraqi reparation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53768</link>
<description><![CDATA[INTERNATIONAL. The UN released  on Thursday the latest payment of a war reparation scheme that began in 1994. A further US$19 billion is due.


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<item>
<title><![CDATA[Kuwait ratings raised to &#039;AA&#039; on strong external, fiscal positions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53647</link>
<description><![CDATA[INTERNATIONAL. Kuwait&#039;s high GDP per capita and strong external and fiscal balance sheet positions are credit strengths, said Standard &amp; Poor&#039;s.
]]></description>
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<item>
<title><![CDATA[Kuwait&#039;s economy faces &#039;three imbalances,&#039; says Central Bank Governor]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53636</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s economy is struggling with an over-dominant public sector and a state budget dependent on oil revenue, Central Bank Governor Sheikh Salem AbdulAziz Al-Sabah said. ]]></description>
</item>
<item>
<title><![CDATA[Kuwait extends ownership regulation for funds]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53618</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s newly formed regulator Capital Markets Authority (CMA) has given investment funds until March 2012 to sort out their ownership in financial securities, the state news agency said. 

]]></description>
</item>
<item>
<title><![CDATA[Kuwait&#039;s Agility says committed to resolve US dispute ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53600</link>
<description><![CDATA[KUWAIT. &quot;The company continues to believe the case involves a civil contract dispute and should not be a criminal matter,&quot; Agility said in the statement. 

]]></description>
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<item>
<title><![CDATA[Global Mobility: Managing international assignments in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53515</link>
<description><![CDATA[UAE. With businesses operating globally, it is increasingly common for employees to be working in business units spread across jurisdictions or to spend time on secondment to an associated company or a branch of their employer company.

]]></description>
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<item>
<title><![CDATA[Kuwait&#039;s Alafco nine-month net jumps fourfold to US$105 Million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53492</link>
<description><![CDATA[KUWAIT. Net income in the nine months starting October 1 rose to 28.8 million dinars, or 36.98 fils a share, from 7.8 million dinars, or 9.95 fils, in the same period last year]]></description>
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<item>
<title><![CDATA[OPEC pumps 29.57 million barrels of oil per day in June]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53482</link>
<description><![CDATA[INTERNATIONAL. Oil output climbs 530,000 barrels per day from May on boost by Saudis, Kuwait, UAE, a Platts survey of OPEC and oil industry officials and analysts showed.
]]></description>
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<item>
<title><![CDATA[Iraq oil assets may be at risk of seizure]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53319</link>
<description><![CDATA[INTERNATIONAL. The expiration today of United Nations protection of Iraq&#039;s oil revenue from creditors seeking damages stemming from Saddam Hussein&#039;s 1990 invasion of Kuwait may make the assets vulnerable to seizure.]]></description>
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<item>
<title><![CDATA[Kuwait approves record budget with deficit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53309</link>
<description><![CDATA[KUWAIT. Kuwait&#039;s parliament passed a deficit budget for the 2011-2012 fiscal year projecting the highest spending in the country&#039;s history; Kuwait projected a deficit in the past 12 fiscal years and ended up in surplus mainly for underestimating oil income.]]></description>
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<item>
<title><![CDATA[Kuwait ready to meet summer electricity demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53289</link>
<description><![CDATA[KUWAIT. Completion of Sabiya power plant Phase 1; Six advanced F-technology turbines generating almost 1,400 MW to support country&#039;s growing energy needs. 

]]></description>
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<item>
<title><![CDATA[Kuwait approves US$14.5 billion refinery project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53285</link>
<description><![CDATA[KUWAIT. The Supreme Petroleum Council&#039;s decision in favour of the Al-Zour facility &quot;is a very big step,&quot; Oil Minister Mohammad al-Busairy said.]]></description>
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<item>
<title><![CDATA[Iraqi Airways sells off Kuwait invasion-era fleet]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53158</link>
<description><![CDATA[IRAQ. Iraqi Airways offers old Boeing jetliners for sale as scrap as it continues to sell off remnants of a decades-old fleet moved to neighbouring countries.]]></description>
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<item>
<title><![CDATA[Drake &amp; Scull Kuwait wins string of project worth US$42.2 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53053</link>
<description><![CDATA[UAE. Project wins in Kuwait include social, cultural, sports and recreational infrastructure.
]]></description>
</item>
<item>
<title><![CDATA[Siemens confirms corruption case in Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53019</link>
<description><![CDATA[KUWAIT. Siemens said it had discovered evidence of corruption at its business in Kuwait and had involved authorities.]]></description>
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<item>
<title><![CDATA[Kuwait&#039;s Kipco eyes acquisitions in banking, insurance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=53001</link>
<description><![CDATA[KUWAIT. KIPCO would raise cash on investment needs, pricing; Firm plans to repay all 2011 maturities on time; Company has no immediate financing needs, says CFO.

]]></description>
</item>
<item>
<title><![CDATA[Kuwait and Saudi Arabia rank high in Global Retail Development Index]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52986</link>
<description><![CDATA[UAE. In the 10th annual A.T. Kearney Global Retail Development Index (GRDI), seven countries in the MENA region make it into the top 20.]]></description>
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<item>
<title><![CDATA[IFA Hotels &amp; Resorts consortium closes US$315 million deal for largest hotel to open in NYC in 2011 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52961</link>
<description><![CDATA[UAE. YOTEL transaction marks the second major funding deal for IFA in 6 Months. 

]]></description>
</item>
<item>
<title><![CDATA[GCC Economic Outlook - 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52920</link>
<description><![CDATA[KUWAIT. GCC GDP to accelerate to 6.8% in 2011; Non oil GDP to grow by 5.3%; Average GCC oil prices increased by 31% YTD; External current account surplus to increase from US$136billion to US$304 billion.
 ]]></description>
</item>
<item>
<title><![CDATA[Saudi Arabia, Kuwait, Qatar and UAE among top 10 countries in the world with highest density  ultrawealthy households, finds The Boston Consulting Group]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52897</link>
<description><![CDATA[UAE. Assets Under Management (AuM) rise by 8.6% in the Middle East and Africa to hit US$4.5 trillion in 2010 and expected to reach US$6.7 trillion by 2015.
]]></description>
</item>
<item>
<title><![CDATA[Damas acquires 100% stake in Damas Kuwait]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52798</link>
<description><![CDATA[UAE. The move will bring 23 stores in Kuwait under its full control; follow 49% acquisition of share capital of Damas joint venture operation in Saudi Arabia.

]]></description>
</item>
<item>
<title><![CDATA[Dow Chemical to share strategy for Performance Excellence at Kuwait Six Sigma event]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52744</link>
<description><![CDATA[KUWAIT. Dow is applying Six Sigma in order to improve current operations and develop innovative new solutions.]]></description>
</item>
<item>
<title><![CDATA[Kuwait&#039;s Gulf Insurance outlook revised to positive, ratings affirmed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52602</link>
<description><![CDATA[INTERNATIONAL. Non-life insurer Gulf Insurance Group is taking steps to better manage its high investment risk such that the potential volatility in its risk-adjusted capital is lowered, said S&amp;P. 
]]></description>
</item>
<item>
<title><![CDATA[Kuwait replaces oil minister in new cabinet]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52518</link>
<description><![CDATA[KUWAIT. Mohammad al Baseeri, a veteran Islamist politician, was given the oil portfolio replacing Sheikh Ahmad Abdullah Al-Sabah.]]></description>
</item>
<item>
<title><![CDATA[Iraqi MPs approve payouts for Saddam&#039;s US victims]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52404</link>
<description><![CDATA[IRAQ. Iraqi MPs okayed a US$400 million compensation deal for Americans who say they were mistreated during the 1990-1991 Gulf War.

]]></description>
</item>
<item>
<title><![CDATA[Dow Jones Islamic Market Indexes in April: Growth is beautiful - or is it?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52395</link>
<description><![CDATA[UAE. The DJIM Financials Index, up 2.87% in April to 1,877.10, tracks the performance of Islamic banks and Shari&#039;ah-compliant insurance firms, together known as Takaful operators.]]></description>
</item>
<item>
<title><![CDATA[Refinery and petrochemical integration a necessity says Kuwait National Petroleum executive]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52361</link>
<description><![CDATA[UAE. Gas development will assume more importance, said KNPC&#039;s Bakhit Al Rashidi]]></description>
</item>
<item>
<title><![CDATA[Kuwait concerned about high oil prices]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52348</link>
<description><![CDATA[KUWAIT. Kuwait favours oil price stability and the &quot;unjustifiable&quot; rise in prices is a cause of concern for consumers and producers, Kuwait Oil Co. Chairman said.]]></description>
</item>
<item>
<title><![CDATA[Kuwait&#039;s Global wins US$300 million from UAE bank]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52321</link>
<description><![CDATA[KUWAIT. Dubai appeals court ordered a UAE bank to repay a deposit worth US$250 million plus interest to Kuwait&#039;s Global Investment House.]]></description>
</item>
<item>
<title><![CDATA[Saudi Zain sale to be completed two months after due diligence, says prince Alwaleed]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52311</link>
<description><![CDATA[KUWAIT. Bahrain Telecommunications and Kingdom Holding agreed on April 6 to buy a 25% stake in Zain Saudi Arabia.]]></description>
</item>
<item>
<title><![CDATA[Kuwait Energy sells 22% wtake in Egyptian oil concession]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52294</link>
<description><![CDATA[KUWAIT. Kuwait Energy sold a 22% stake in Egypt&#039;s Abu Sennan oil concession to Beach Energy (BPT) in Australia, leaving it with 50% of the business.]]></description>
</item>
<item>
<title><![CDATA[Gulf producers move to reassure over oil supplies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52231</link>
<description><![CDATA[KUWAIT.  Gulf oil producers assured consumers of sufficient crude supplies to help stem rises in oil prices fuelled by unrest in the Middle East and speculations.

]]></description>
</item>
<item>
<title><![CDATA[OPEC concerned over high oil price]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52206</link>
<description><![CDATA[KUWAIT. Secretary general of OPEC Abdullah El-Badri said oil producers are &quot;concerned&quot; at high crude prices and added that markets are adequately supplied.

]]></description>
</item>
<item>
<title><![CDATA[Kuwait launches firm to invest in Egypt economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52195</link>
<description><![CDATA[KUWAIT. Firm will act as Kuwait Investment Authority&#039;s investment arm in Egypt; Sovereign fund eyes at least 6% from local portfolio.

]]></description>
</item>
<item>
<title><![CDATA[Zain still seen for sale despite Nasser al-Kharafi&#039;s death]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52205</link>
<description><![CDATA[KUWAIT. Zain should remain for sale despite the death of Nasser al-Kharafi, one of the telecom operator&#039;s top shareholders and chairman of Kharafi group. 

]]></description>
</item>
<item>
<title><![CDATA[Zain agrees terms for Saudi unit stake sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=52076</link>
<description><![CDATA[KUWAIT. Kuwaiti telecoms firm Zain said it signed a term sheet with Kingdom Holding and Batelco for the sale of its stake in Zain Saudi.

]]></description>
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</channel>
</rss>

