Tag Archives : kuwait


UAE rail to link to GCC network

Abu Dhabi: Completion of the UAE railway by 2018 can only bring more prosperity not only to the UAE but also the country’s five GCC neighbours as rail lines are constructed across the region, said Etihad Rail . The UAE railway will connect with the sources of raw materials, industrial areas, ports and major population centres, says Etihad […]


Cement industry in KSA, Kuwait set to flourish

The cement industry in Saudi Arabia and Kuwait is expected to flourish due to the current construction boom in GCC region where the total value of projects planned or underway is estimated at $2.3 trillion, according to Kuwait Finance House ( KFH ). The weekly economic report of KFH , also known as Baitak, said government support has been a key […]


Growth opportunities seen in Gulf as world trade shifts to emerging markets

JEDDAH – Islamic trade finance in its current state is still a small sector compared to global trade finance industry as a whole, a report issued by KFH -Research, a subsidiary of Kuwait Finance House KFHabout international Islamic trade finance “Reality and Growth Opportunities” said. However, the strong capabilities for commercial growth of the countries of the Organization of […]


Feasibility studies for GCC railway project under way

Two international firms will conduct feasibility studies for the proposed multibillion-riyal railway project that would link the six-member countries of the Gulf Cooperation Council (GCC), it was revealed at a recent meeting here of the GCC transport ministers. Bahraini Minister of Transport Kamal bin Ahmad said the two companies would conduct technical, consultative and engineering […]


Oct 15 first day of Eid Al Adha in most Muslim countries… Holidays from Oct 14?

The first day of Eid Al Adha is expected be on Tuesday, October 15, in most Islamic countries, according to a statement on Sunday from the Islamic Crescents’ Observation Project (Icop). The statement says, “The sighting of the crescent should be possible in most regions of the world with naked eyes on Sunday October 6, […]


GCC traffic infrastructure projects at USD109b

DUBAI – Ongoing roads and bridges developments across the GCC are currently valued at $109 billion according to the most recent figures from business advisory and research firm, Ventures Middle East. The UAE, second worldwide for roads quality in the latest Travel and Tourism Competitiveness Report, has investments worth $58 billion in the pipeline for […]


Saudi, Kuwait shelve Dorra gas field project

KHOBAR, Saudi Arabia, Aug 29 (Reuters) – Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said. Dorra has long been a bone of contention between Kuwait and Iran, which also lays claim […]


Unified GCC tourist visa could be reality soon

Work to set up a computer system to exchange data underway: Official The Gulf Cooperation Council (GCC) is headed towards a unified tourist visa as early as 2014, according to a senior official with the committee. “The GCC is currently striving to set up a computer system to exchange data in order to facilitate the […]


Kuwait investment in water projects at $5.28b until 2014

JEDDAH – The total investment in Kuwait’s water sector between 2005 and 2014 stands at $5.28 billion, Kuwait Financial Centre (Markaz) said recently in its report on the country’s water sector. Highlighting the demand, supply and investment trends in the sector, the report noted that water treatment plants saw highest investment at $3.4 billion. In 2010 […]


Kuwait seeking advisers for two housing projects

Housing authority planning to develop 45,000 units Kuwait’s Public Authority for Housing Welfare (PAHW) is looking to appoint advisers on the development of two public-private partnership projects to develop thousands of new houses at an expected cost of several billion dollars. The first project is for the development of a low-cost housing scheme, and the second is […]