Kuwait

December 28, 2003

02:00 GMT

Morocco’s unemployment rate reached 11.2 percent in the second half of 2003, with over one million people without work, according to the Minister of Labor Mustapha Mansouri. These figures represent a

December 25, 2003

02:00 GMT

King Abdullah II of Jordan said that Arabs must remedy their own situations rather than interfering with others.

02:00 GMT

Kuwait’s Al-Enma’a Real Estate Company reported an increase in profits from 3.9 million Kuwaiti dinars ($) to KD 5.3 million for the year ending October 31, 2003. Equity per share raised from 12.9 fil

December 24, 2003

02:00 GMT

Asia-Cell, the consortium lead by Kuwait's Wataniya Telecom, Asia-Cell Telecommunications and United Gulf Bank of Bahrain, have signed its license for mobile operations in Northern Iraq.

02:00 GMT

More than 12 percent of Internet users in the Gulf Cooperation Council (GCC) are using broadband access, with Kuwait leading the way with 29 percent broadband Internet penetration.  Other countries wi

December 23, 2003

02:00 GMT

The United Fisheries of Kuwait (UFK) has sold its 51 percent stake in the Raad Stores Company for a total of 4.8 million Kuwait dinars ($), realizing a profit of KD 711,438, reported the Kuwait Stock

02:00 GMT

Kuwait’s Bayan Investment Company and Coast Investment and Development Company have established a closed shareholding company that will invest in various Iraqi industries, reported the Kuwait Stock Ex

02:00 GMT

HSBC has been voted the number one Cash Management Bank in the Middle East in a Cash Management poll among readers of Euromoney magazine for 2003.  HSBC took top honors for the scope of its services a

02:00 GMT

Kuwait's A2/P1 ratings reflect the country's ability to develop and manage its abundant oil resources, says Moody's in its annual credit report on Kuwait. Kuwait houses some of the world's largest oil

02:00 GMT

The foundation stone of International City’s Dragon Mart was officially laid yesterday by Chairman of Nakheel Sultan Ahmed Bin Sulayem and China’s Vice Minister for the Ministry of Commerce, Wei Jiang

December 22, 2003

02:00 GMT

Saudi Crown Prince Abdullah bin Abdulaziz, who is also the head of the Saudi Kingdom's delegation to the 24th Arab Gulf Cooperation Council (GCC) in K

02:00 GMT

Former world famous Squash player and current singer, Ahmad Barada, announced that he and his fiancé actress Hala Shiha are currently preparing for a small wedding ceremony at one of their friends hou

02:00 GMT

Kuwait’s Sultan Center Food Products Company has purchased an 80 percent stake in Jordan’s Safeway Company. The $17.6 million transaction will be paid over two years. The Sultan Center also plans to o

02:00 GMT

Middle Eastern crude steel production remained steady at an estimated 1.1 million metric tons in November, reported the International Iron and Steel Institute. Overall, output from the region is up 10

December 21, 2003

02:00 GMT

Saudi Crown Prince Abdullah bin Abdulaziz, met on Sunday  King Hamad bin Eisa Al-Khalifa of Bahrain. Crown Prince is heading the Saudi delegation to t