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Negotiations between a Kuwait based telecommunication operator, Zain, and Vodafone are heading to the right direction as wished by the two companies. In a statement released by Zain, the two companies seem not too far away from the concluding the Read more
Reports have emerged that the Gulf countries, namely Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman, have been showing keen interest in bolstering their defense artilleries with the latest Lockheed Martin Corp missile defense system. According to Read more
The political crisis in Kuwait is yet to be over after the members of parliament decided to boycott the swearing –in ceremony; bringing a standstill to the situation because this is the second time such an action is repeated. The Read more
In its ambitions to increase its capabilities, the Kuwait Oil Tanker Company (KOTC) has announced that it will be expecting a total number of 9 brand new tankers to add to its current fleet by the year 2014-2015. These revelations Read more
On Throne day, the kingdom’s King marked the 13th anniversary by delivering a speech in honour of the occasion; and challenging the current government to attract sovereign funds from the countries in the Gulf as the region’s economy experiences hard Read more
Six companies seized by the Tunisian government from relatives and close aides of the former regime will have their shares sold. Six companies are part of a whole lot of companies and assets seized from 114 people. The announcement of Read more
The Kuwaiti army has ordered 60 advanced Patriot missiles from the Unites States to reinforce its air defense system amid growing regional tensions and Iranian nuclear threats. According to the US defense security cooperation agency, the $4.2 billion deal includes Read more
The investment sector has not recovered from the 2008 global financial crisis and investors have found themselves in difficulties to refinance the debt they borrowed on short term bases during the boom years because of the rise in borrowing cost. Read more
The highest rated bank in the Middle East, the National Bank of Kuwait (NBK), has announced a surprising net profit for this year’s first half. It is surprising because when the results are compared to that of the past year Read more
Alafco, Kuwait’s airplane leasing company has agreed with Boeing, the largest U.S. aerospace manufacturer, to order the first batch of 737 MAX 8s to the Middle East in a contract worth almost $2 billion. The 737 Max 8s is highly Read more