In today's Arabic press, the UAE's Al Khaleej daily reports that the Emirates ranks 40th globally in Internet attacks for the first six months to June 30.
The ranking places the UAE up six spots as an originator of cyber attacks from the previous report in March, according to a global survey by Symantec Corporation.
According to the report, cyber criminals are increasingly becoming more professional and commercial in the development, distribution and use of malicious code and services.
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Kuwait newspaper Al Seyassah today repors that KIPCO Asset Management Company (Kamco) plans to launch an investment fund focusing on the Gulf with a capital of $100 million in December.
The Central Bank of Kuwait last month gave the investment banking and financial advisory firm approval to buy back as much as 10% of its own shares.
The Kuwaiti company will be able to buy back the shares over six months starting September 16.
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Kuwaiti daily Al Jarida also reports today that Aref Investment Group wants to appoint an international consultancy firm to improve the efficiency of Sudan Airways, in which it holds a 49% stake.
The Kuwaiti company purchased a stake in the African airline in June, a move expected to help improve the Sudan Airways' services and to enhance its competitiveness.
The Sudanese government still holds a 30% stake in the national carrier, while the rest is held by the country's private sector.
...and in other news...
Al Bayan, UAE: Foreigners have bought shares and bonds worth 1.281 billion dirhams ($348.9 million), or 33.6% of the total value between September 16 and September 20.
Al Ittihad, UAE: Emirates District Cooling (Emicool) plans to build two new cooling stations at Dubai Investments Park, providing 125,000 tonnes of refrigeration for five mixed-use projects.
Al Bayan, UAE: Franklin Templeton Investments, an asset management firm, has opened its Middle East and Mediterranean headquarters at the Dubai International Financial Centre (DIFC).
Al Wasat, Kuwait: Al Safa Group has won approval to start a real estate investment fund with capital of up to 50 million dinars ($178 million).
Al Wasat, Kuwait: Burgan Bank plans to launch a new investment fund with a capital of 500 million dinars ($1.78 billion).
Al Jarida, Kuwait: United Real Estate is considering developing land at the Egyptian Red Sea resort of Sharm al-Sheikh.
Al Seyassah, Kuwait: Kuwait Finance and Investment plans to launch an investment fund in the fourth quarter with a capital of 50 million dinars ($178 million) focusing on banks and firms in the service sector
Al Rai Al Alaam, Kuwait: Securities House plans to buy real estate in the United States through a fund.
Al Qabas, Kuwait: Coast Investment and Development Company wants to exit an unidentified investment and expects a "good" profit from the deal.
Al Watan, Kuwait: Equipment Holding is in talks to buy land worth 22 million dinars ($78.32 million) in the Kuwait Shuwaikh area.
Al Watan, Kuwait: Kuwait & Middle East Financial Investment's Company's (KMIF) planned Egyptian unit will start operating from early 2008.
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