Kuwait

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

02:00 GMT

Some six Kuwaiti investment groups plan to establish a cargo airline service with a capital of 100 million Kuwaiti dinars ($330 million), reported Al-Qabas . The companies forming the alliance are Al

02:00 GMT

Kuwait Airways has signed a deal with Mercator Systems, the IT division of Emirates Group. The carrier has purchased two of Mercator's airline solutions, the twin reservations and check-in systems MAR

02:00 GMT

Bahrain’s First Islamic Investment Bank generated a net income of $44.8 million for the year ending December 31, 2003, a 24.4 percent increase over the $36 million achieved in 2002. To date First Isla

January 18, 2004

02:00 GMT

An earthquake measuring 4.4 degrees on the Richter scale jolted the city of Bandar Abbas in the southern Iranian province of Hormuzgan early on Sunday

02:00 GMT

Middle East online marketplace Tejari has announced the launch of Tejari Kuwait as part of its ongoing regional expansion strategy.   Tejari's expansion into Kuwait is being carried out in partnership

02:00 GMT

Bahrain’s Zayani Motors has entered a partnership with Iraq’s Al-Dhahir Group to set up an eight million dollar joint holding company. The new Al Rasheed Holding Company will represent Mitsubishi Moto