Kuwait

January 22, 2004

02:00 GMT

US-based Barnie's Coffee & Tea Company has opened its first international franchise store in Kuwait. The outlet is owned by the local American Mattress Company. There are 87 company-owned and franchis

02:00 GMT

Canada-based Syscan International has secured its first technology deal in Saudi Arabia. An initial shipment, valued at approximately $100,000 was received last week as part of a one million dollar IT

January 21, 2004

02:00 GMT

President of the Islamic Development Bank Group (IDB) Group and Chairman of the Islamic Corporation for the Development of the Private Sector (ICD) Ahmad Mohamed Ali and CEO and General Manager, Ali A

02:00 GMT

Director-General of the World Trade Organization (WTO) Supachai Panitchpakdi said that there is a “realistic chance” that Saudi Arabia will accede to the WTO before the end of this year in a speech at

02:00 GMT

Kuwait’s MTC-Vodafone has selected Harris Corporation as the prime contractor for its new multi-million dollar Integrated Network Management System Project. The project is expected to be completed in

02:00 GMT

Saudi Arabia’s conservative society may not be ready to accept the ‘Powerful Businesswoman’ into the circles of mainstream commerce just yet. Female entrepreneurs paid the price for emerging unveiled

January 20, 2004

02:00 GMT

National Bank of Kuwait reported a net profit of $412 million for 2003, a 14 percent increase over the year prior and a new record for the bank. The bank’s return on equity rose to 27.7 percent and re

02:00 GMT

National Bank of Bahrain recorded a net income of 22.4 million Bahraini dinars ($59.4 million) in 2003, rising from BD 19.25 million in 2002. At year-end 2003, NBB's total assets stood at BD 1.2 billi

January 19, 2004

02:00 GMT

Ousted Iraqi leader, Saddam Hussein, will not face trial until Iraq is in the hands of Iraqis, U.S. Secretary of State Colin Powell told Australian te

02:00 GMT

Uzbek President Islom Karimov arrives Monday on a two-day official visit to Kuwait. According to KUNA, Karimov is due to hold talks with the Amir Shei

02:00 GMT

Iran's Supreme Leader, Ayatollah Seyyed Ali Khamenei on Monday received President Mohammad Khatami on the threshold of the latter's departure for Swit

02:00 GMT

Japan's Prime Minister Junichiro Koizumi has vowed to press ahead with a full deployment of Japanese troops in Iraq as an advance team headed to the I

02:00 GMT

The organizing committee for the annual Hello February Festival in Kuwait has removed the names of Lebanese singers Nancy Ajram and Alissa after they were previously included in the list of singers to

02:00 GMT

Kuwait’s Global Investment House (GIH) launched two new funds today, the Global US Equity Index Fund, and the Global European Equity Index Fund, stated a press release.   Indexing is an investment st

02:00 GMT

Spain’s Gas Natural Group has signed a contract for the purchase of 40 billion cubic meters of natural gas from the Qatar Liquefied Gas Company (Qatargas) over the next 20 years.  According to the agr