Kuwait

April 13, 2004

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

April 1, 2004

03:00 GMT

Kuwait's Foreign Minister, Sheikh Mohammad Al-Sabah and Deputy Prime Minister and Minister of Defense Sheikh Jaber  ‏Al-Mubarak Al-Sabah, who are in W

03:00 GMT

Internet security provider Symantec has announced the appointment of Information Management Technologies (IMT) as its first Managed Security Services partner (MSS) in Saudi Arabia.    IMT is a subsid

03:00 GMT

Luxury business jet charter airline United Aviation has become the first private airline operator to secure Air Operator Certification (AOC) from Kuwait's Directorate General of Civil Aviation (DGCA).

03:00 GMT

Zamil Steel Industries (ZSI)' Structural Steel Business Unit (SSBU) has purchased new machinery to facilitate its plans to expand and diversify its product base.  Its new Stierli-Richtpresse 2000 RP m