GCC » Kuwait

25 May 2012 Updated at 11:54 PM UAE

MidEast growth seen at 3.8% in 2012 on oil price

ICAEW report also says UAE property market 'more resilient than many expected'

Gulf states' growth prospects improve, says poll Qatar, Saudi to drive GCC construction growth 20% of MENA banks may need fresh capital IMF concerned about Kuwait finances - cenbank Bahrain economic growth seen at 4-5% in 2012
Industries»

Kuwait's PIC told to pay $2.16bn to Dow

State-run chemical company ordered to pay compensation over cancelled joint venture

Dow Chemical 'optimistic' over $2.5bn Kuwait claim Dow Chemical wins appeal over $61.7m Nova verdict Dow, Saudi Aramco launch $20bn venture
Construction»

Qatar, Saudi to drive GCC growth for builders

Deloitte predicts 'tremendous opportunities' despite continuing project delays

$2bn GCC airport deals awarded so far in 2012 Qatar to establish first labour union Qatar's Barwa to launch $4.9bn Golf City
Politics & Economics»

Kuwait's finmin resigns in new political row

Kuwait's finance minister Mustapha al-Shamali has resigned.

Finance minister Mustapha al-Shamali quits after being quizzed over irregularities

Kuwait cancels parliament session after gov't no-show Kuwait economic growth about 5% - fin min Kuwait forms new cabinet after election

More business news

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Interviews, Analysis, Multimedia

Interviews » Interviews RSS

British entrepreneur Sir Richard Branson is now pioneering the latest step in aviation history

George Whitesides interview: Virgin Galactic

2

Maurice Flanagan interview: Emirates Airline

2
Competition is what Saudi aviation needs, according to nasair CEO Francois Bouteiller

Francois Boutellier interview: nasair

Michael Lenarduzzi interview: The Wave, Muscat

Videos » Videos RSS

Wingsuit jumper completes 'no parachute' fall

Aerial views of Tokyo's Skytree: The 2nd tallest building in the world

Yemen promised large Saudi donation

Egyptians get ready to vote in presidential elections

Photos » Photos RSS

Stunning new photos of Dubai

Massive sandstorm batters Iraq

Lufthansa inaugurates ‘Berlin’ Airbus A380

‘Friends of Yemen’ conference held in Riyadh

Features » Features RSS

Manchester City: The Blue Moon finally rises

Economic growth in Saudi Arabia: This is our golden opportunity

Saudi Arabia's King Abdullah.

Saudi Arabia marks king’s accession as region applies pressure

Salvatore Ferragamo: Winning in style

Poll

Authorities in Dubai say they will begin charging individuals AED20 per day after 1 June if they have not begun the application process for an Emirates ID card. Have you:

Middle East Market Data »

ADX

Market closed at 2,476
ASE

Market closed at 1,917
BSE

Market closed at 1,138
DFM

Market closed at 1,480
KSE

Market closed at 6,367
MSM

Market closed at 5,721
QE

Market closed at 8,467
SSE

Market closed at 7,104

Equities news

Commodities news

Opinion » Opinion RSS

Man City spending spree should be applauded

The total amount spent on players is estimated at $697m

10

Silver: The greatest investment of this decade

Nik Kalsi excited over "most bullish chart on the face of the planet"

13

Willie’s words show the game has changed

Historic moment as top European aviation boss said something positive about Gulf carriers

1

Emirates Airline - no sale, no IPO, no buyout

After 27 years, Emirates has over 170 aircraft and flies to more than 120 destinations in over 70 countries. The real question is what next?

5

Korean move boosts prospect for global carbon trading hub

(Getty Images)

The South Korean government has passed a law introducing a national carbon trading scheme by 2015

We are the silver mob

Small-time punters like me, buying and selling silver bars which are generally stored under our beds, now appear to be driving the market

1

Lifestyle » Lifestyle RSS Arts Cars Food Personal Tech Property Sport

Madonna will make her UAE debut in June.
Arts»

Du Arena gets revamp for Madonna concerts

Manager Roberto Mancini is currently in the UAE capital (Getty Images).
Sport»

Man City’s Mancini urges Abu Dhabi to splash cash

Arts»
First firm shot in Saudi to debut at Cannes
Media»
Grand Cinemas in US$30m expansion plan
Media»
Dubai’s MBC Group to launch 'The Voice' across MENA
Sport»
UAE breaks record with 50,000 golf rounds in a month

GCC » GCC RSS Bahrain Kuwait Oman Qatar Saudi Arabia UAE

Media»

Dubai's Abraaj still in race to buy Turkish TV firm

Retail»

Top du official to deal with customer complaints

Sport»
Doha 2020 upset 'will not curtail Qatar ambition'

Transport»
Emirates to stick with growth plans despite fuel costs

Property»
Dubai banks eye mortgages for foreign buyers

Education»
UK gov't to certify Dubai Brit schools

World » World RSS Africa Americas Asia Pacific Europe Middle East South Asia

An artist's impression of IHG's Hotel Indigo and Intercontinental Hotel in Riyadh. (Photo for illustrative purposes only)
Travel & Hospitality»

InterContinental mulls roll out of lounge brand

Markets»

Gold rises above $1,560 after four days of losses

Construction»
Qatar construction costs seen rising 18%

Construction»
Saudi Aramco pushes on with $7bn Rabigh plan

Construction»
Qatar part of $965m highway project in Bulgaria

Banking & Finance»
Abu Dhabi's NBAD to launch more SME centres

Industries » Industries RSS Banking & Finance Construction Education Energy Healthcare

(Getty Images)
Technology»

Shareholders sue Facebook, NYSE comes calling

Samsung Galaxy S3 (Bloomberg).
Personal Tech»

Samsung phone on sale in Dubai one week early

Retail»
UK’s Giraffe Concepts signs MidEast expansion deal

Banking & Finance»
HSBC'S Oman unit merger halted on creditor suit

Fashion»
Prada to roll out new MidEast stores

Banking & Finance»
KSA lending seen up despite European banks cuts

Middle East Events »

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Don't miss
Regional unrest is a major contributor to youth unemployment (AFP/Getty Images).

More than 1/4 of Arab youths jobless - study

ILO investigation finds rampant unemployment among youths, projected to get worse

Splash CEO Raza Beig.

EXCLUSIVE: Landmark’s Splash to expand in Africa

Retailer says it will use franchise deals to open outlets in Libya, Kenya; eyes Far East

Zawya was founded in 2000 in London.

EXCLUSIVE: Zawya close to US$40m sale

Thomson Reuters among front-runners understood to be finalising buyout of Middle East portal...

(Bloomberg)

REVEALED: The 25 biggest IPOs ever

In the run-up to Facebook's long-awaited IPO, Arabian Business counts down the most expensive...

REVEALED: The best performing hotel investments

Ernst & Young study counts down the region's best performing cities in terms of hotel investments...

(Getty Images)

How Manchester City won the Premier League

Abu Dhabi has spent nearly US$1bn on securing the title for English club Manchester City

Aramex Founder Fadi Ghandour.

Top business leaders to headline Arabian Business Forum

Sixth Arabian Business Forum to focus on how Arab companies compete globally

EXCLUSIVE: "Lufthansa hates us" - Flanagan

Emirates executive vice chairman said the German carrier was trying to block it in Europe

REVEALED: The MidEast's highest paid sports stars

Turkish basketball player Mehmet Okur of New Jersey Nets tops the list

EXCLUSIVE: Emirates sale could “make sense” - vice chairman

Sir Maurice Flanagan doesn’t rule out future sale of Dubai carrier

Most Discussed
  • 142
    Etisalat warns customers of phone call scam

    I just got a call from this number +971507896582 stating that I won 500000AED and that i should check the back of my sim card for some numbers and call... more

    Friday, 25 May 2012 3:04 PM - haja
  • 39
    Saudi Arabia bans use of Western calendar

    Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more

    Thursday, 24 May 2012 1:24 PM - Mark Renton
  • 20
    UAE officials warn against marrying foreigners

    I am a UAE national married to an Iranian and her unwavering allegiance is toward Iran and she does not espouse any Arab cause, the same applies with my... more

    Friday, 25 May 2012 11:54 PM - Yasser
  • 8
    English football mulls champagne prize ban

    Taking religion based decisions in such matters is wrong. It sends wrong signals and sets up bad precedence. What next? Will they stop serving beef in... more

    Friday, 25 May 2012 12:15 PM - Skand Bhargava
  • 3
    Dubai banks eye mortgages for foreign buyers

    There are so many promises with no substance out there that even none savvy buyers will think twice before taking risks on Dubai Real estate market. Too... more

    Friday, 25 May 2012 9:19 PM - Bob
Read all user comments »
  • 142
    Etisalat warns customers of phone call scam

    I just got a call from this number +971507896582 stating that I won 500000AED and that i should check the back of my sim card for some numbers and call... more

    Friday, 25 May 2012 3:04 PM - haja
  • 39
    Saudi Arabia bans use of Western calendar

    Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more

    Thursday, 24 May 2012 1:24 PM - Mark Renton
  • 25
    Nakheel targets 'young and trendy' for Palm project

    Palm Jumeirah = Disneyland. Is this the kind of community to invest in for a home ???? or a hotel ? It baffles me why people would invest in an apartment... more

    Wednesday, 23 May 2012 4:13 PM - Paul
  • 20
    UAE officials warn against marrying foreigners

    I am a UAE national married to an Iranian and her unwavering allegiance is toward Iran and she does not espouse any Arab cause, the same applies with my... more

    Friday, 25 May 2012 11:54 PM - Yasser
  • 19
    Iran eyes Google legal action over Gulf naming

    Instead of clinging to anything that reminisces you of your obliterated past, why don't you spend sometime fixing your disgraceful and humiliating present... more

    Tuesday, 22 May 2012 9:30 PM - Fahd
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Read all user comments »
This Week's Magazine »
Arabian Business - 2012-05-20

Cover Story 2

Abu Dhabi: The final frontier
Sir Richard Branson’s Virgin Galactic is to build its second spaceport in Abu Dhabi, with the aim to reduce the flight time to the US to just an hour within the next decade. The company’s CEO and former NASA executive George Whitesides outlines the business model behind the new space race

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