kuwait

WH Ireland says Kuwaiti Investors Looking to Buy Stake

Financial services company WH Ireland Group Plc said on Monday that Kuwaiti European Holdings Group (KEH) was considering buying a stake in the company, sending its shares up as much as 28.7 percent. KEH was close to announcing an agreement to buy nearly 30 percent of WH Ireland shares, and may consider acquiring the London-listed

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BUSINESS OUTLOOK: So Long To Oil Dependency

GCC states must diversify their economies BY Mohamed Zidan More than two months ago, a natural disaster hit Alberta, the oil-rich Canadian province, causing interruption in production for weeks. The wildfire witnessed by the state was devastating to the extent that 90,000 people were evacuated and human activity was completely halted. At the same time, large

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MENA Soft Power

Meet the region’s leading female politicians BY Leila Hatoum and Bilal Aziz  Germany, Europe’s largest economy, is led by a woman—Angela Merkel. The United States may just elect its first ever female president, Democrat-nominee Hillary Clinton, who has gained further support on the ground according to recent polls. Many people from the Middle East, especially women, wonder if

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Gulf Tourism Frenzy in Bosnia Delights Business, Polarises Locals

By Daria Sito-Sucic SARAJEVO, Aug 21 – Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population

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Olympics: Police in Kuwait Raid Football Association Offices

DOHA, Aug 10 – Police in Kuwait raided the country’s Football Association (FA) headquarters late on Tuesday, a week after the Gulf state lost a Swiss court case against the International Olympic Committee (IOC) which has banned the country from international competitions. “Police and other government authorities visited the Kuwait FA headquarters. Kuwait Olympic Committee

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A Crisis At Hand

When governments don’t pay companies, salaries get delayed and migrant workers suffer By Leila Hatoum and Abdullah Alelyan Mohammed, a Lebanese man in his thirties, spends his days worrying about how he will repay the loans he has taken against his overdue salary payments. He has sold his car, his furniture, sent his wife back

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Kuwait Foils Three Daesh Attacks: State Media

DOHA, July 4 – Kuwait foiled three planned Daesh attacks on the country, including a plot to blow up a Shi’ite mosque, after launching raids that resulted in the arrest of militants, state news agency KUNA said on Monday. “Kuwait security agencies have carried out three pre-emptive operations in Kuwait and abroad that led to

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Terror Case Opens Up Kuwait’s Sectarian Divisions

By Sylvia Westall KUWAIT, June 2 – Kuwaiti security service officers raided farmhouses near the Iraqi border late last summer, slicing through carpets and smashing open concrete floors. Hidden in large plastic containers was a weapons cache, the largest discovered in Kuwait’s history. State television showed Kuwait’s Interior Minister, a senior ruling family member, solemnly

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GCC: Change Is Needed

GCC central banks need to bolster research to reform decades old dollar pegs BY Martin Dokoupil Oil-rich Gulf Arab states’ central banks lack adequate research capabilities to pursue a currency reform that could help them better control their economies in both harsh periods of low crude prices as well as in times of economic boom, says

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