April 29, 2004
The Saudi Railways Organization is on track for privatization, according to senior company official, Hussain Khamash Al-Qahtani. The acquisition of the SRO is expected to follow a major expansion of t
April 28, 2004
The Kuwait Projects Company (KIPCO) posted a 173 percent net profit rise in the first quarter of 2004 reaching 6.73 million Kuwait dinars ($22.83 million) compared to the first quarter of 2003. The c
The World's Most Powerful Network (WMPN) consortium, led by i4 Communications together with Saudi based Al-Mozoon Group and International Systems Engineering (ISE), has been pre-qualified by the Saudi
April 27, 2004
The Ritz Hotels Company has opened the Ritz Sharq Hotel in Kuwait, the chain's first boutique property in the Emirate. The boutique hotel concept provides accommodation with personalized services, due
April 26, 2004
A huge blast in Baghdad's northern neighbourhood of Waziriyah has blown up two US Humvees and caused a nearby house to collapse on Monday. At least tw
The Abu Dhabi Commercial Bank posted a seven percent increase in net profits for the first quarter of 2004 reaching 145.2 million Emirati dirhams ($39 million) against Dh 135.3 million for the same pe
The Kuwait Investment Company plans to invest $47 million in Al-Areen Desert Spa & Resort project. The first phase of the development - The Oasis Spa Resort – covers 300,000 square meters and offers h
April 25, 2004
Two ministers nominated by Iran's President Mohammad Khatami to take over the posts of minister of labor and social affairs and minister of finance we
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.