Kuwait

April 13, 2004

03:00 GMT

The constitutional council announced Monday the final and official results of the presidential election held on 8th April 2004. Abdelaziz Bouteflika w

03:00 GMT

MTC-Vodafone in Kuwait has signed up their one millionth customer. The telecom group has grown its customer base to nearly 2.5 million users across the region.   The announcement comes hot on the he

03:00 GMT

Kuwait-based Global Investment House has purchased a 14 percent stake in Oman's United Finance Company. The United Finance Company was established in 1997 and is listed on the Muscat Securities Market

03:00 GMT

The National Bank of Kuwait reported a net profit of $108 million for the first quarter of 2004 compared to $97 million for the same period last year. The results put NBK's return on equity at 26 perc

03:00 GMT

Amlak Finance has reported a net profit of 7.3 million Emirati dirhams ($1.9 million) for the three-month period ending March 31, 2004, up 552 percent on the same period last year.   Revenue was up 28

April 11, 2004

03:00 GMT

Kuwait's Wataniya Telecom recorded a post-tax net profit of 33.1 million Kuwaiti dinars ($112.6 million) from KD 160 million of consolidated revenue from operations in Kuwait, Iraq and Tunisia for the

April 8, 2004

03:00 GMT

Audi and the Fouad Alghanim Group announced the official opening of a new Audi showroom in Kuwait.  Fouad Alghanim recently formed a partnership with Audi to become the latest addition to its network

03:00 GMT

Samsung Electronics has appointed Trigon Computers and Redington as their new distributors in the United Arab Emirates (UAE).   Trigon Computers has been appointed, as distributor for Samsung's range

April 7, 2004

03:00 GMT

Lebanon's Telecommunications Ministry has selected Kuwait's Mobile Telecommunications Company to manage the LibanCell wireless network. Results will be made official by the Cabinet Wednesday.

April 6, 2004

03:00 GMT

Kuwait's Burgan Bank reported a 59 percent net profit growth for fiscal year 2003 with earnings reaching 20.3 million Kuwaiti dinars ($68 million). The bank made total profits of KD 35.6 million in 20

April 5, 2004

03:00 GMT

Palestinians might not get a state for many years as a result of Israel's unilateral "disengagement" plan, Israel's Prime Minister Ariel Sharon said i

03:00 GMT

Prince Andrew, the Duke of York and the UK’s Representative for International Trade and Investment, yesterday inaugurated the BAE Systems’ office in Manama, Bahrain. The office is the international sy

April 4, 2004

03:00 GMT

With Global’s regional expansion after opening in Bahrain, the company began the second phase of its strategic growth in the Gulf Cooperation Council (GCC) region after buying 14 percent of the United

03:00 GMT

US Deputy Secretary of State Richard Armitage thanked Kuwaiti Foreign Minister Muhammad Al-Sabah Al-Salim Al-Sabah for Kuwait's strong stance on oil production by the Organization for Petroleum Export

03:00 GMT

International oil and gas drilling contractors GlobalSantaFe Corporation has agreed to sell all of its worldwide drilling assets to Precision Drilling Corporation for $316.5 million in an all cash tra