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Tuesday 7 December 2004 (24 Shawwal 1425)

Oil Prices Rebound on Fears of OPEC Production Cut

LONDON, 7 December 2004 — Oil prices rebounded yesterday on concerns that OPEC producers might announce a surprise cut in output quotas when they meet later this week, following a recent market sell-off,... Full Story


66 Insurance Firms Present Letters of Intent to Operate in Kingdom

JEDDAH, 7 December 2004 — Sixty-six insurance companies have presented letters of intent to operate in the Kingdom, according to Ali Al-Ghaith, a senior official at Saudi Arabian Monetary Agency. Gaith,... Full Story


Kuwait Investors Poised to Reap Hefty Gains

JEDDAH, 7 December 2004 — Kuwaiti equities rose to record levels in November driven by gains in services, insurance and banking sector stocks. The other remaining sectors also ended the month in positive... Full Story




Strictly Business: Nestle

Nestle, a food and beverage company, recently re-launched its Coffee-Mate in 10 countries across the Middle East. Claimed to be a “firm favorite with the region’s coffee drinkers,” the Coffee-Mate... Full Story


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