Top Kuwait News

Gulf Stocks Mixed Amid Quiet Trading

Stock markets in the Gulf states closed mixed on Monday amid quiet trading as investors digested two months of heavy losses in the wake of the global financial turmoil. AFP - 01Dec 13:42GMT
Kuwait Emir Accepts Government Resignation

The emir of Kuwait accepted the resignation of the cabinet on Monday and asked the outgoing prime minister to form a new government, parliament speaker Jassem al-Khorafi said. AFP - 01Dec 11:25GMT
Barclays Wealth: Improvement In MENA Environment For Entrepreneurs

A new report published by Barclays Wealth and the Economist Intelligence Unit (EIU), entitled "The Entrepreneur in Adversity", reveals that the MENA region has seen the largest improvement in the environment for entrepreneurship over the past decade. Press Release - 01Dec 11:05GMT
Kuwait Revalued JV With Dow Chemicals Down By $4B

Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion Kuwait Times - 01Dec 06:11GMT
Kuwait Stock Exchange revamp buoy stocks

The Kuwait Stock Exchange (KSE) advisory body yesterday chose Yousef Al-Majid as its new chairman and Saleh Al-Silmi as his deputy. Kuwait Times - 01Dec 05:52GMT
Regional travel within ME rises

While travel has become more localised within the Middle East, there is also a shift away from business class flying, as travellers respond to fears of a recession, according to YouGovSiraj's survey - Travel Tracker. Emirates Business 24/7 - 01Dec 05:50GMT
'Future Of Micro Finance In Mideast Promising'

Low risk, good returns and a low volatility would drive growth of micro finance as an asset category in the region amid the ongoing financial crisis. Emirates Business 24/7 - 01Dec 05:29GMT
Al Mazaya to focus on current projects

Al Mazaya Holding, a Kuwait-based developer, said yesterday it has delayed expansion plans and will focus on completing all its announced projects. Emirates Business 24/7 - 01Dec 05:05GMT
Gulf Arabs Told Not To Help Out Struggling Economies

Rich Gulf Arabs should not be propping up the world's struggling economies nor the World Bank or IMF (International Monetary Fund), according to a recent poll in the Middle East, commissioned by the Doha Debates. Press Release - 30Nov 12:55GMT
Iran proposes joint nuclear plants with Gulf states

Iran on Sunday proposed developing nuclear power plants jointly with neighbouring Arab states in the Gulf, amid international pressure on Tehran to halt its sensitive atomic work. AFP - 30Nov 12:06GMT

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Research

The Sultan Center
EFG Hermes - 01 Dec 2008

EFG issues a ST NEUTRAL / LT BUY recommendation on The Sultan Center with a target price of KWD 0.33, representing a 43.4% upside potential to the current market price of KWD 0.23. The company achieved 9M-08 net profit of KWD 11.6 million, compared to KWD 18.2 million for 9M-07.The stock is trading at a PE of 8.2x for FY08E.

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EFG Report on Gulf Banking Sector

Arabic language (0:52)
Report: EFG-Hermes signals the end of huge financial gains era in Gulf Banking Sector - 30Nov

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Companies

Series of Unfortunate Events

Kuwait Airways Corporation has had a series of unfortunate events that stood in the way of its growth and recovery plans. Its latest plan to privatize through an IPO has been halted due to the current global financial crisis.

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Community Buzz

Stories in Kuwait

Most read stories by Community in the last 24 hrs

1	Salary Increases To Fall To 9% in GCC
2	Kuwait Revalued JV With Dow Chemicals Down By $4B
3	Inflation Rate In GCC To Decline In 2009
4	'Future Of Micro Finance In Mideast Promising'
5	Gulf Arabs Told Not To Help Out Struggling Economies
6	Al Mazaya to focus on current projects
7	First Geant Hypermarket in Kuwait
8	Barclays Wealth: Improvement In MENA Environment For Entrepreneurs
9	Kuwait Emir Accepts Government Resignation
10	Gulf Needs To Develop Growth Drivers

Companies in Kuwait

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Alshaya Group	Kuwait	Multi-line
Jazeera Airways	Kuwait	Transportation Services
Mohamed Abdulmohsin Al Kharafi and Sons Company	Kuwait	Multi-line
Agility Public Warehousing Company	Kuwait	Transportation Services
Mobile Telecommunications Company	Kuwait	Telecommunications Services
The Avenues Mall	Kuwait	Properties and Zones
Al Dar National Real Estate Company	Kuwait	Landlords and Developers
Kuwait National Airlines Company	Kuwait	Transportation Services
Kuwait Food Company	Kuwait	Restaurants and Cafes
Kuwait Petroleum Corporation	Kuwait	Oil

Projects

Most viewed projects by Community in the last 24 hrs