Top Kuwait News

ME Hotel Occupancy Highest In World

The Middle East has the highest occupancy and average room rates in the world at 75.3 percent and US$180 respectively. Press Release - 21Aug 11:26GMT
31 companies suspended for breach of contract in Iraq

The Iraqi Ministry of Planning and Development Cooperation on Thursday announced the suspension of all future dealings with 31 Iraq, Arab and foreign companies, citing their failure to fulfill their contractual obligations with the ministry and other state departments. Aswat Aliraq - 21Aug 11:36GMT
$562 Billion GCC Earnings In 2008

Gulf oil producers are expected to earn a record $562 billion in 2008 as crude prices are projected to remain above $100 and they are pumping at one of their highest levels. WAM (Emirates News Agency) - 21Aug 10:41GMT
Societies condemn Iran decision

Two political societies have condemned Iran's decision to open two administrative offices on the UAE island of Abu Mousa, saying that it consecrated the occupation of the UAE territory and called for a common Arab stance against the move. Bahrain Tribune - 21Aug 07:19GMT
WSP Middle East launches a Transportation department in the region

Leading engineering consultancy, WSP Middle East, recently launched a Vertical Transportation department specialising in the movement of people and materials in a buildings environment. Press Release - 21Aug 07:15GMT
Bangladeshis 'return to work' after assurances from Kuwaiti ministry

Thousands of Bangladeshi workers of the two cleaning companies, who staged strikes to demand their rights, have returned to work after assurances from the Ministry of Social Affairs and Labour in Kuwait that all their problems would be redressed, says a senior Bangladeshi embassy official. Arab Times - 21Aug 07:00GMT
Investment, banking sectors put up decent show

Renewed selling binges in key stocks tugged a majority of the GCC bourses below the unchanged line yesterday. Clouded by intense sell-offs across sectors, Dubai surrendered over 1%, while Qatar andÂ Bahrain saw substantial percentages being wiped-out. Nonetheless, Oman and Saudi continued their up-ticks logging in handsome gains.Â BahrainEntering the fourth day of dismal show, the Ba Bahrain Tribune - 21Aug 06:32GMT
'Panel finds no violation on tenders law in Kuwait's 4th refinery'

The Petitions and Complaints Committee in the Kuwaiti Parliament discussed the questions raised on the legality of procedures taken for the implementation of the fourth refinery project while the National Assembly is in recess for the summer. Arab Times - 21Aug 06:26GMT
Price rises of up to 87% in Kuwait

The Sulaibikhat and Doha Cooperative Society in Kuwait has prepared a report about price rises affecting 20 basic commodities. The step is part of the cooperative's efforts to monitor the alarming price increases which have affected the country in the past few months. Kuwait Times - 21Aug 06:10GMT
Corporate liquidity risk to rise in 2010

Liquidity risk for corporates in the EMEA and Asia-Pacific regions will become more pronounced in 2010 as various factors come into play, says a new study. Emirates Business 24/7 - 21Aug 06:03GMT

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Major Challenge
Inflation is the biggest threat to the planned Gulf Co-operation Council monetary union, the chief economist at Dubai International Financial Centre (DIFC), warned.

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More Airlines?
At least 10 low-cost carriers may be launched in the region in the next five years, says the Centre for Asia Pacific Aviation.

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$14.5bn Gulf MEP Market
The value of the mechanical, electrical and plumbing (MEP) contracting market in the GCC is expected to surge to $14.5 billion in 2008, according to a recent industry survey.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Mobile Telecommunications Company	Kuwait	26,107
2	Kuwait Finance House	Kuwait	21,222
3	National Bank of Kuwait	Kuwait	18,302
4	National Industries Group Holding	Kuwait	7,006
5	Commercial Bank of Kuwait	Kuwait	6,177
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