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Sun, 21 Mar 2010 | 05:56 GMT
Sun, Mar 21, 2010, 05:56 GMT
 

  • Lehman's Accounting Ruses Used At Gulf Firms


    Accounting practices similar to those used by Lehman Brothers to mask bad assets before its collapse are also being adopted by Gulf companies, auditors say. The National - 21Mar 04:47GMT
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  • Agility Begins Major Staff Cuts, Thousands To Be Laid Off


    Kuwaiti firm Agility has reportedly begun implementing a program of severe staff cuts, with between 500 and 600 employees at its offices in and outside Kuwait laid off in the past few days. Kuwait Times - 21Mar 04:32GMT
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  • Three Asians killed in Kuwait apartment block fire: report


    Three Asians died in an apartment block fire in a Kuwait City suburb that started in a basement used to store cosmetics and perfumes, the state news agency KUNA reported on Saturday. AFP - 20Mar 14:06GMT
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  • NBK opens new Hadiya branch


    National Bank of Kuwait (NBK), the leading bank in the Middle East and highest rated bank in the Emerging Markets, opened recently its new branch in Hadiya area, in tandem with the bank's local strategy to reinforce its domestic presence and reach out to the widest range of clientele. Press Release - 20Mar 14:06GMT
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  • Kuwait: Govt mulling strategies to reduce traffic congestion


    The government is looking into proposals to resolve Kuwait's traffic congestion problems, with some suggesting that this is linked to too many licenses being issued. Kuwait Times - 20Mar 07:43GMT
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  • Kuwait : Ministry of Public Works to build VIP road to Sheikh Jaber Stadium


    The Ministry of Public Works is working to build a VIP visitors road leading to the stadium of Sheikh Jaber Al-Ahmad Al-Sabah, at the cost of KD 107,000. KUNA (Kuwait News Agency) - 20Mar 07:40GMT
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  • Moody's global CLO Review: US And EMEA CLOs Perform At Different Paces


    The performance of the loan portfolios backing U.S. and EMEA (Europe, Middle East and Africa) collateralized loan obligations (CLOs) is now on the path of recovery, Moody's Investors Service says in its 2009 global CLO review. Press Release - 19Mar 09:58GMT
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  • Kuwait to build 10 residential cities


    The Housing Committee at the National Assembly has approved a draft bill on the construction of 10 residential cities, says Committee Rapporteur MP Naji Al-Abdulhadi.Speaking to reporters after the committee meeting Thursday, Arab Times - 19Mar 08:12GMT
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  • AMF, KFAED extend JD69m in loans to Jordan


    Jordan on Thursday signed two loan agreements totalling JD69 million with the Arab Monetary Fund (AMF) and the Kuwaiti Fund for Arab Economic Development (KFAED). Jordan Times - 19Mar 07:44GMT
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  • Kuwait clears diplomat nomination


    Kuwait has approved the nomination of Mohammad Hussain Mohammad Bahr Al Uloom as Iraq's ambassador to Kuwait, diplomats said on Wednesday. Gulf News - 19Mar 06:02GMT
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Companies in Kuwait

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Ministry of Health - Kuwait Kuwait Ministries and Municipalities
Mohamed Abdulmohsin Al Kharafi and Sons Company Kuwait Construction and Design
Kuwait Finance House Kuwait Banking
Alshaya Group Kuwait Consumer Goods Distributors
Jazeera Airways Kuwait Transportation Services
Kharafi National Kuwait Construction and Design
Kuwait Food Company Kuwait Restaurants and Cafes
Ministry of Electricity and Water Kuwait Ministries and Municipalities
The Kuwaiti Danish Dairy Company Kuwait Food
Agility Public Warehousing Company Kuwait Transportation Services
 

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 EntityEvent 
23May Organized by Terrapinn Urban Transport Saudi Arabia 2011 (3 days from 23-25 May 2011)
07Mar Organized by EPOC Messe Frankfurt GmbH Festivalworld Middle East (3 days from 07-09 Mar 2011)
07Mar Organized by EPOC Messe Frankfurt GmbH Paperworld Middle East (3 days from 07-09 Mar 2011)
07Mar Organized by EPOC Messe Frankfurt GmbH Playworld Middle East (3 days from 07-09 Mar 2011)
13Dec Organized by Terrapinn Carbon Capture and Storage World MENA 2010 (3 days from 13-15 Dec 2010)
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Zawya Select
ZawyaSelect
Islamic Finance
Hurt In Court
An English court has ruled that Investment Dar did not have to stick to the terms of an Islamic loan because the contract did not comply with Sharia law. This could inflict more harm on the industry.
 
 
Financial Services
Rebuilding Citi
Citigroup plans to step up its activities in the oil-rich Gulf to rebuild its long-established regional franchise that has been tarnished by disputes with regional investors.
 
 
Opting For Openness
Gulf companies are rarely known for transparency and often become even more opaque at times of financial distress. But Global Investment House, a Kuwaiti investment bank that defaulted in December 2008, has chosen another tack.
 
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Business Outlook22Jul09
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Mobile Telecommunications Company Kuwait 20,126
2 National Bank of Kuwait Kuwait 12,916
3 Kuwait Finance House Kuwait 9,832
4 Commercial Bank of Kuwait Kuwait 4,009
5 Gulf Bank Kuwait 3,084
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