Kuwait
The latest business news, company announcements and analysis from Kuwait. Keep abreast of the most up-to-date developments in the country's oil and energy market, and the daily trades on the Kuwait Stock Exchange and see how these will affect you and your business.
Kuwait news
No offers for Zain Africa assets
Kuwait's Zain has said it has not received any offers for the sale of its Zain Africa assets, Reuters has reported. 'With regard to information published in a local newspaper on buying Zain Africa assets, the group would like to state that there are no offers at present,' the telecoms said in a statement.- » Kuwait targets 4m barrels a day oil production
- » Qurain Petrochemicals' '09 profit up 226%
- » Kuwait cuts discount rate by 50 bps
- » Kuwait spending 2010/2011 to hit KD16bn
- » Zain's CEO resigns
- » Kuwait parlaiment backs development plan
- » Moody's downgrades Gulf Bank
- » Kuwaiti firm plans $3bn olefins complex
- » Kuwait expects 40% profit from Black Rock investment
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Kuwait press releases
Gulf Bank inaugurates its branch in Yarmouk
Gulf Bank inaugurates its branch in Yarmouk, as part of its continued focus on client service. This branch extends the Gulf Bank offer of premium financial services to a new part of the city and will offer Yarmouk residents the chance to experience the difference of banking with Gulf Bank for themselves.- » Kuwait Finance House expands payment service locations to 50 branches
- » Home Centre Kuwait accorded 'Superbrands 2010' status
- » Lenovo targets Kuwait's $716m IT market with its 'Idea' PC launch
- » Qurain Petrochemical Industries Company announces KD7.098m profits in 2009
- » Gulf Bank launches its KD1m Al Danah Draw in 2010
- » Moody's downgrades Gulf Bank in Kuwait to Baa2/Prime-2/D- from A3/Prime-2/D+
- » Kuwait Finance House announces KD118.74m net profit for 2009
- » Burgan Bank's CEO retires
- » Kuwait Finance House upgrades its website
Analysis
GCC business outlook: Kuwait
With the election of four women into the Kuwaiti parliament, the Majlis el-Umma, the northern GCC state has proved once more to be an exception in the GCC. However, Kuwaiti citizens are now expecting new initiatives from the government to help diversify the economy. They have good reason to do so: With Kuwait's GDP being heavily dependent on oil revenues, the economy might post its largest decline in 2009, according to the IMF.- » Wataniya up up and away to Dubai
- » Wataniya Airways announces Dubai route
- » Kuwait's new Wataniya Airline prepares for take off
- » Marwan Boodai, CEO Jazeera Airways, part 2/2 - a low-cost airline 'with a twist'
- » Marwan Boodai, CEO Jazeera Airways, part 1/2 - dodging the bullet
- » Jazeera backs Sahaab Leasing venture, despite aviation turmoil
- » BNP Paribas optimistic on Kuwait's banking sector
- » Kuwait retail supply lags behind consumer demand
- » Kuwait beset by inflationary pressures
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