Kuwait

February 24, 2004

02:00 GMT

The Kuwait and Middle East Financial Investment Company (KMEFIC) plans to make available 70 percent of the capital in one of its subsidiaries to for public subscription, reported KSE. The 70 million s

02:00 GMT

Revenue authorities in Israel and the United States are studying information which could link Israeli Prime Minister Ariel Sharon and his son Omri to tax evasion, Israel’s Channel 2 reported.

02:00 GMT

September 2004 will see the start of the first semester of the first, private Liberal Arts University in Kuwait. The new university is comprised of two schools of study: the College of Arts and Scienc

02:00 GMT

LG Electronics has reported a 31.98 percent increase in sales turnover for the Middle East and Africa for last year compared to 2002. The result takes the company through the $1.5 billion mark for the

02:00 GMT

The National Bank of Kuwait’s general assembly has approved raising the bank’s capital to 154.8 million Kuwaiti dinars ($523 million) from KD 147.4 million. The bank will invest up to $25 million in i

02:00 GMT

Gulf International Bank and Kuwait-based Commercial Facilities Company have signed a $100 million syndicated term loan facility that has been arranged and fully underwritten by GIB.

02:00 GMT

The European Commission has released under the MEDA program €28 million of risk capital for its Mediterranean neighbors Algeria, Egypt, Jordan, Lebanon, Morocco, Syria, Tunisia, and the West Bank and

February 23, 2004

02:00 GMT

The International Court of Justice (ICJ) on Monday opened its hearings on the legality of the West Bank fence Israel is building. The Court has decide

02:00 GMT

Some nine international firms applied to pre-qualify for an Engineering, Procurement and Construction (EPC) tender to construct a petrochemical plant in Shuaiba, Kuwait. The deadline for submission wa

February 22, 2004

02:00 GMT

Kuwait’s Petrochemical Industries Company (PIC) has received ISO 14001 certification. The company was awarded the certificate after inspection of the department of environment efficiency by Lloyds com

02:00 GMT

President of Iran Mohammad Khatami traveled to the city of Golpaygan in the central province of Isfahan, Saturday to inaugurate the Qaed Petrochemical Complex, reported IRNA.   The complex has an annu

02:00 GMT

Kuwait GSM operator Wataniya Telecom reported a net profit of 33.1 million Kuwaiti dinars ($112.6 million) for 2003, an increase of 63 percent compared to KD 20.3 million earned in 2002.

02:00 GMT

In line with the national Saudization program, gold and jewelry shop owners had until yesterday to replace some 25,000 foreign workers with local employees. Some 25 economic sectors are expected to be

February 18, 2004

02:00 GMT

Turkey's Prime Minister Recep Tayyip Erdogan welcomed on Tuesday Swedish Prime Minister Goran Persson, who is currently in Ankara, with an official ce

02:00 GMT

Kuwaiti Minister of Foreign Affairs Sheikh Mohammad Sabah ‏  ‏Al-Salem Al-Sabah Wednesday received a written message from China's Foreign ‏Minister Li