February 24, 2004
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.
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
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
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
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
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
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.
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
Turkey's Prime Minister Recep Tayyip Erdogan welcomed on Tuesday Swedish Prime Minister Goran Persson, who is currently in Ankara, with an official ce
Kuwaiti Minister of Foreign Affairs Sheikh Mohammad Sabah Al-Salem Al-Sabah Wednesday received a written message from China's Foreign Minister Li
The Egyptian Music Association has filed a complaint against the latest Egyptian singing sensation Ruby for singing without obtaining a permit and not being a member of the association
The Kuwait Investment Projects Asset Management Company (KAMCO), an asset management and financial services provider has reported a net profit of eight million Kuwait dinars ($27 million) for the year
The International Finance Corporation, the private sector arm of the World Bank Group, has signed an agreement to provide a $50 million project finance facility to Oyak Bank in Turkey.
The National Bank of Kuwait, Securities Group and the Commercial Bank of Kuwait recently signed the agreements relating to the issuance by CBK of bonds with an aggregate face amount of 60 million Kuwa
February 17, 2004
A bus carrying US soldiers rolled over near a Kuwaiti air base over the weekend, wounding 25 soldiers, four of them seriously, a military spokesman co