April 25, 2004
The National Bank of Kuwait (NBK) has launched its first Islamic Real Estate Fund, the Asian Islamic Real Estate Fund. The investment objective of the Fund is to seek current income and capital apprec
April 22, 2004
British forces in Iraq could be reinforced to improve security in the country, British Foreign Secretary Jack Straw indicated Thursday.
Netherlands-based SITA has won a seven-year contract valued at $9.8 million to install and maintain improved passenger and baggage-handling systems at Kuwait International Airport. SITA will install a
Jordan Kuwait bank increased its net profit after provisions to $7.73 million during the first quarter of this year, 36.1 percent higher than the net profit posted during the same period of last year.
The Bahrain Telecommunications Company's net profits rose to 19.4 million Bahraini dinars ($51 million) in the first quarter of 2004, against BD 15.5 million during the same period of last year.
April 20, 2004
Iraq's multinational peacekeeping force scrambled to regroup Monday after Spain's announcement that it would withdraw its 1,300 troops, with Honduras
With the Kuwaiti telecom market approaching saturation, both MTC-Vodafone and Wataniya have expanded their operations outside Kuwait, establishing themselves as strong regional operators.
April 19, 2004
Arab League Secretary General Amr Moussa on Monday announced the Arab Summit was scheduled to be held at the end of May, noting the situation in Iraq,
Jordan's trade deficit rose by approximately 40 percent in the first two months of 2004, reaching 338 million Jordanian dinars ($477 million), reported Jordan Investment & Finance Bank. According
Freight provider TNT will open a depot in Kuwait, management has announced. Details of the new multi-million-dollar depot, in the Future Zone at Swheikah Port, were announced by TNT's Gulf and Saudi A
The National Bank of Ras Al-Khaimah (Rakbank) has joined hands with United Arab Emirates (UAE) Exchange to facilitate credit card payments at any of the 15 UAE Exchange outlets across the country. UA
April 18, 2004
Chairman of the Board of Global Investment House Anwar Abdulla Al-Nouri announced that the company received approval from the Central Bank of Kuwait on its financial statements results for the first q
Qatar Airways flight QR553 heading from Casablanca to Doha, diverted to Cairo on the morning of April 17 after a passenger-disturbance incident took place on board the aircraft. The Doha bound fligh
April 17, 2004
Qatar, Kuwait, Bahrain, and the United Arab Emirates still lead the Arab countries in the total connectivity measure in 2003, as they did in 2002. Paradoxically, two of these countries are monopoly ma
April 15, 2004
US-based oil refining technology firm SulphCo has recently formed a joint venture with Kuwaiti nationals to deploy SulphCo products in the Middle East.