KUWAIT.Kuwait will cooperate with France in the field of nuclear power, the deputy prime minister of the Gulf nation said on Friday, hinting it could take a stake in French nuclear group Areva.
Speaking after a meeting with President Nicolas Sarkozy, Sheikh Jaber Moubarak Al-Hamad Al-Sabah said the two leaders had discussed the possible purchase of French military material and the issue of energy and nuclear reactors.
Asked if Kuwait would cooperate with France in the domain of nuclear energy for civilian use, he said: "Yes."
In response to a question on whether Kuwait was among the Gulf co
Posted: March 29, 2017
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
Posted: March 24, 2017
KUWAIT. Kuwait Financial Centre will adopt cloud based, mobile solutions for investment and asset management operations.
Posted: March 20, 2017
UAE. Four out of the eight major indexes ended the week on a positive note with Bahrain coming on top with an increase of 1.6%, followed by Kuwait, Egypt, and Saudi Arabia each rising by 1.5%, 1.0% and 0.1% respectively.
Posted: February 28, 2017
UAE. Just as challenges have come to characterize the region's business landscape, so too have a wealth of technological advances that are rapidly changing the regional retail sector.
Posted: February 23, 2017
UAE. New MEED Insight report shows how lower oil prices have reshaped Middle East investment strategies in oil, gas and petrochemicals projects.
Posted: December 18, 2016
UAE. The momentum stalled as profit taking and greater caution prevailed. Only Kuwait and Qatar could generate any meaningful gains going up 1.4% and 1.7% respectively.
Posted: December 14, 2016
UAE. Preclearance at Abu Dhabi allows travellers to avoid long immigration queues on arrival in the US.
Posted: December 12, 2016
UAE. A combination of GCC governments healthcare expenditure and participation of private players, leads the industry towards a rapidly growing market sector.
Posted: December 11, 2016
INTERNATIONAL. Kuwait's recent elections will increase tensions between the executive and legislature, hindering economic and fiscal reforms; the extent to which this will happen is unclear.
Posted: December 2, 2016
INTERNATIONAL. But implementation risks remain, including OPEC's adherence to the agreement and the willingness of other participants, notably Russia, to co-operate fully.
Posted: November 30, 2016
KUWAIT. Award-winning spa launches new suite menu, ladies' membership, and ILA brand at Jumeirah Messilah Beach Hotel & Spa.
Posted: November 29, 2016
KUWAIT. Extended agreement sees Kuwaiti bank implement credit scoring analytics to drive behavioral score cards and build risk models across its branches.
Posted: November 25, 2016
KUWAIT. Speaking at the Public Speakers Series by the Kuwait Public Policy Center, Erik R. Peterson encouraged GCC countries to actively pursue their transformation programs taking into consideration the new political situation in the U.S.
Posted: November 22, 2016
UAE. Both Prepaid and postpaid VIVA Kuwait customers will be able to enjoy the ICFLIX library of content.
Posted: November 1, 2016
KUWAIT. Mr. Hodgkinson's career spans more than 40 years of senior UK and global banking experience.