Kuwait

April 15, 2004

03:00 GMT

The European Commission is supporting peace negotiations between the Government of Sudan and the Sudan People's Liberation Movement/Army (SPLM/A) with with €1.5 million through its Rapid Reaction Mech

03:00 GMT

Egyptian billionaire and majority owner of Orascom Telecom Holding Naguib Sawiris plans to set up a private television channel in Iraq that will compete with the US-funded Al-Hurra channel. The new ch

April 14, 2004

03:00 GMT

The Bush administration has made a formal request to Iran to help ease growing violence in Iraq and Tehran is now making an attempt to mediate in the

03:00 GMT

The Dow Chemical Company (Dow) and Kuwait's Petrochemical Industries Company (PIC) have contracted Technip USA to provide engineering services for the new Ethylene Plant planned for the Olefins-2 Petr

April 13, 2004

03:00 GMT

Siamese twins who were linked by the same liver have died at age of one month, reported Assahra Al-Maghribya newspaper. The two sisters succumbed to “

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