Kuwait

January 25, 2004

02:00 GMT

Kuwait’s Gulf Insurance Company (GIC) reported a net profit of 5.4 million Kuwaiti dinars ($18 million) for 2003, an increase of 9.5 percent compared to the previous year.  The board of directors has

02:00 GMT

Global Investment House reported 12.5 million Kuwaiti dinars ($42.3 million) in profits for 2003. The board has approved to recommend to the annual general meeting to distribute 30 percent as cash div

02:00 GMT

Dubai’s GAC Logistics has launched its latest office in Norway, located in Lillestrom between Oslo and the international airport at Gardemoen. The new center is a joint venture between GAC and Skandin

January 23, 2004

02:00 GMT

<b>Date:</b> Jan 19-23, 2004 <b>Location:</b> Kuwait International Fair Grounds, Mishref, Kuwait <b>Specifics:</b> Rebuild Iraq 2004 connects international suppliers with the decision makers over

January 22, 2004

02:00 GMT

Bahrain-based Gulf Finance House has announced that it will list its shares on the Kuwait Stock Exchange on January 25 2004. The move is part of a strategic plan to expand shareholder base and to allo

02:00 GMT

London-based MerchantBridge & Co has been appointed as the Lead Advisor to the Iraqi Ministry of Industry and Minerals for their Lease of Industrial Factories Program. The Ministry received a total of

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