Kuwait

March 23, 2004

02:00 GMT

British Prime Minister Tony Blair will visit Libya on Thursday, the son of Libyan leader Col. Moammar Kadhafi has said.

02:00 GMT

Hertz Kuwait has opened a new branch in Kuwait City. Located in the newly opened Courtyard hotel, the new branch joins five other Hertz locations in the country.    “We are expecting the branch to be

02:00 GMT

Kuwait's IFA Hotels & Resorts (IFA) and Africa's Sun International (SI) have signed an agreement for the development of resorts in Palm Island, Dubai, Zanzibar and the Zimbali Coastal Resort in So

02:00 GMT

US Robotics, international manufacturer of Internet connectivity solutions for small to medium businesses and home users, reported a 41 percent revenue increase in the Middle East compared to figures

02:00 GMT

Kuwait's Wataniya Telecom and Ericsson have signed a global frame agreement for the supply, installation and commissioning of GSM infrastructure and systems for networks inside and outside Kuwait.  Wa

02:00 GMT

WWA Group has reported the successful completion of its largest un-reserved construction equipment auction in Dubai to date. Gross auction sales exceeded $23 million, and involved the participation of

March 18, 2004

02:00 GMT

Kuwait's Global Investment House (GIH) is currently undergoing a private placement of 15 million shares of Kuwait Reinsurance Company at 300 fils per share in addition to Global’s allotment and market

02:00 GMT

Bahrain's 29 incorporated commercial, investment and offshore banks, both conventional and Islamic, posted net profits totaling $714.8 million for 2003, an increase of 134 percent over the 2002 profit

March 15, 2004

02:00 GMT

Spain's ruling conservatives crashed to defeat in elections, becoming the first government that backed the U.S.-led war in Iraq to be voted out of off

02:00 GMT

Kuwait's MTC Vodafone Company has qualified for the final stage of the second mobile license tender in Oman, reported Al-Qabas.   Oman shortlisted 10 bidders including European, African and Middle Eas

02:00 GMT

The Sharjah Cement Company recorded a net profit of 56 million Emirati dirhams ($15 million) for 2003 compared to Dh 13 million in 2002, reported KSE. The company will distribute a cash dividend of fi

02:00 GMT

Middle East storage company STME has signed a deal worth over $1.5 million with the Kuwait National Petroleum Company. The company purchased STME's disaster recovery infrastructure to manage and prote

02:00 GMT

Real estate technology provider Amlaki has merged with DragonShape Middle East and Asia, an Internet-based platform for facilities management for residential and commercial real estate.  With this mer

02:00 GMT

The Arab Banking Corporation and Sumitomo Mitsui Banking Corporation Europe have closed a $300 million syndicated term loan facility for Commercial Bank of Kuwait. A total of 23 banks participated in

02:00 GMT

The National Bank of Kuwait recently launched its second US Real Estate Fund. The Fund is a medium risk vehicle, denominated in US dollars and is suitable for investors with a long-term investment hor