Moving at Variable Speed
Nearly three years after the global banking crisis erupted, the banks in the Gulf Cooperation Council countries continue to remain…
May 21, 2012 3:43
Kuwait’s Global, Kamco cut nearly 100 jobs
Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions.
January 22, 2012 5:37Kuwait’s Global Investment House says creditors agree with repayment delay
Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
December 13, 2011 11:38Kuwait halts Global Investment trading on accumulated losses
The Kuwait bourse halted trading in Global Investment House's shares on Monday, saying its accumulated losses to the end of September had exceeded 75 percent of its capital, contravening market rules.
December 5, 2011 11:01
Over 90% of passwords vulnerable to hacking
Passwords in the Middle East - even ones deemed to be "strong" - are actually susceptible to infiltration.
May 23, 2013 8:51
'Renewable energy absolutely necessary' - Saudi
Oil saving win-win drives Saudi solar power boom...
May 23, 2013 4:56
Real cost of sending your child to a Dubai school
Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.
May 23, 2013 1:19
Gold iPad at Burj Al Arab
Device to be a “virtual concierge” for luxury hotel's guests.
May 22, 2013 12:04
Minimum wage 'unfair' for employers?
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24