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  • Index : New : Wednesday, December 03 - 2008
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161 articles posted


  • Gulf Bank says time is not right for merger

  • The chairman of Kuwait's Gulf Bank said he has received 'numerous' merger offers but believes the time is not right for a deal, reported Reuters. Gulf Bank, the country's fourth-largest lender by market value, is the only lender in the Gulf that has had to be rescued by a government as a consequence of the global credit crisis, having made losses on currency derivatives deals. Chairman Kutayba Al Ganem told state news agency Kuna that Gulf Bank would not get a good price in the current conditions.
  • Kuwait: Wednesday, December 03 - 2008 at 15:11
  • Shuaa Capital hosts conference in London

  • Shuaa Capital is promoting investment opportunities in Saudi Arabia at a conference in London. The company said yesterday the Saudi Capital Market Authority has granted a brokerage licence to its subsidiary, Shuaa Capital Saudi Arabia. 'Saudi Arabia offers investors, at this time of unprecedented financial turmoil, one of the few emerging economies with a real and exciting opportunity for growth,' Shuaa said in a statement.
  • Saudi Arabia: Wednesday, December 03 - 2008 at 15:08
  • Egypt, EU sign energy cooperation pact

  • The European Union and Egypt signed a memorandum of understanding on Tuesday to enhance energy cooperation between the two sides. The MoU covers energy market reforms and convergence of Egypt's energy market with that of the EU, promotion of renewable energy and energy efficiency, development of energy networks as well as technological and industrial cooperation.
  • Egypt: Wednesday, December 03 - 2008 at 14:58

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Index : New : Wednesday, December 03 - 2008
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