Kuwait
March 14, 2000
The fourth Arab Business Conference will be held in Kuwait next month. The secretary general of the Association of Arab Businessmen, Taher A-Sharif,
March 9, 2000
There are currently 285 hospitals, both general and specialized, with a total capacity of 41,916 beds in Saudi Arabia. These figures are soon due to
March 7, 2000
The annual Kuwaiti Halla 2000 shopping festival attracted approximately 130,000 visitors over three weeks, more than doubling the turnout for the 1999
Eight-thousand fans were on-hand to watch the Syrian and Jordanian football teams battle to a scoreless draw. According to Al-Ra'i daily, Jordan made
March 6, 2000
Beginning April 1, all expatriates in Kuwait will have to pay for health insurance. Al Watan daily reports that the new prices published by the healt
March 5, 2000
Population:2.85 million (1999), including 80% expatriatesReligions:90% MuslimGovernment:Federation of EmiratesLanguages:Arabic (English is widely spoken)Work Week:Private Sector:Saturday - Thursday8:3
Population:2.34 million (1998)Religions:85% Muslim (Shi'ite 30%, Sunni 45%, Other 10%) Christian, Hindu, Parsi and other 15% .Government:Constitutional MonarchyLanguages:Arabic (English is widely spok
March 2, 2000
The government encourages foreign investment, particularly joint ventures with Qataris. As long as a company has a local agent or sponsor, Qatari law permits fully foreign-owned companies. Foreign-own
March 1, 2000
The Gulf War resulted in serious environmental damage. Iraq’s mass destruction of oil wells, the huge oil spills caused by allied air strikes and the use of heavy tracked vehicles in the desert by bot
Kuwaiti nationals have the right to join and to establish unions. Expatriate workers are allowed to join unions after a five-year residency term but only as non-voting members. Kuwaiti law forbids the
February 28, 2000
Tax BasisThere is no tax liability imposed on individuals and wholly owned Kuwaiti businesses. Tax is imposed only on foreign corporate bodies, including foreign partnerships, that conduct business in
In April 1998, Kuwait was placed on USTR's Priority Watch List. In 1999, new copyright and patent protection laws were passed that greatly improve the situation. During the first half of 1999, the Min
Foreign CurrencyThere are normally no foreign exchange restrictions in Kuwait. The Kuwaiti Dinar is freely convertible for all current and capital account transactions. The exchange rate is calculated
Companies LawA new law permits for the first time majority foreign ownership of Kuwait-based firms. The new law still prohibits foreign investment in the upstream petroleum sector, but does allow in
Judiciary Common Courts SystemKuwait’s legal code is a combination of historical precedent, original legislation and a civil code drafted by jurists from various Arab countries. In 1960, Kuwait ado