KUWAIT US Report On The
Middle EastGeneral Electric wins a $72 million contract for procurement of 10 line items used on the engine of Kuwaiti F/A-18
Friday, 10 February 2006
General Electric Transportation Aircraft Engines, Lynn, Massachusetts is being awarded a $72,157,326 two-year fixed price requirements contract for procurement of 10 line items used on the F-404 engine, powering the F/A-18 aircraft. This contract includes procurement for the government of Kuwait (1 percent) under the Foreign Military Sales Program.
Work will be performed in Lynn, Massachusetts, and is expected to be completed by September 2007. The Naval Inventory Control Point is the contracting activity.President Bush looks forward to building on his friendship with Kuwiat's new Amir Sabah al-Ahmad al Sabah
Wednesday, January 31 2006
President George W. Bush has congratulated Shaikh Sabah al-Ahmad al-Sabah on becoming Kuwait's new amir.
In a White House statement, President Bush welcomed the opportunity to deepen the close cooperation that has developed between the U.S. and Kuwiat over the years, and looked forward to working closely with Amir Sabah to combat terrorism and extremism in the region; bring peace to the people of Iraq; and promote reform in the Arab world.
The President also looks forward to building on his friendship with Amir Sabah and enhancing America's already warm relations with Kuwait and the Kuwaiti people.Kuwaiti cabinet names Shaikh Saad al-Abdullah al-Salem al-Sabah as the new Amir
Sunday, 15 January 2006
Kuwaiti cabinet has named Crown Prince Shaikh Saad al-Abdullah al-Salem al-Sabah as the new Amir of the country in line with the national constitution.
The Cabinet, in a statement read by Information Minister Dr. Anas al-Rushaid, expressed condolences to the Arab and Islamic nations on the demise of Amir Shaikh Jaber al-Ahmad al-Jaber al-Sabah, who passed away at dawn time. He was 79.DynCorp wins a $14 million contract to provide maintenance, support for Kuwaiti Air Force F/A-18 Program
Thursday, 15 December 2005
DynCorp International LLC, Fort Worth, Texas is being awarded a $13,683,264 cost-plus-fixed-fee contract to provide maintenance and support services for Kuwaiti Air Force F/A-18 Program.
Work will be performed in Kuwait (90 percent) and Fort Worth, Texas (10 percent), and is expected to be completed in December 2006. The Naval Air Systems Command Patuxent River, Maryland is the contracting activity.McDonnell wins a $7 million order against a previous agreement for the procurement of transponders, computers for Kuwaiti F/A-18
Friday, 9 September 2005
McDonnell Douglas Corp., a wholly owned subsidiary of The Boeing Co., St. Louis, Minnesota is being awarded a $6,947,725 firm-fixed-priced order against a previously awarded Basic Ordering Agreement for the procurement of 43 Combined Interrogator Transponders and 43 KIV-6 Cryptographic Computers for Kuwaiti F/A-18 A/B/C/D aircraft.
Work will be performed in Greenlawn, New York (95 percent) and St. Louis, Minnesota (5 percent), and is expected to be completed in April 2008. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.McDonnell wins a $27 million modification to contract for training device suites for Kuwait
Wednesday 24 August 2005
McDonnell Douglas Helicopter Co., Mesa, Arizona, was awarded on 19 August 2005, a $27,094,895 modification to a firm-fixed-price contract for training device suites for the Government of Kuwait.
Work will be performed in St. Louis, Minnesota (80 percent), and Mesa, Arizona (20 percent), and is expected to be completed by 15 April 2008. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Alabama, is the contracting activity.Kuwait's Mobile Telecommunications signs $30 million contracts with Motorola to expand in Middle East, Africa
Sunday, 17 July 2005
Kuwait's Mobile Telecommunications Company Group (MTC) has signed contracts with Motorola in Middle East and Africa worth more than $30 million as part of a network expansion initiative. MTC will deploy solutions to boost the capacity, availability and voice quality of its network in Kuwait, while enabling 2.5G expansion capabilities for its more than 1.5 million subscribers.
MTC will now be among the first telecom operators in the Middle East to deploy Motorola’s Adaptive Multi Rate (AMR) solution. The end-to-end AMR offering is designed to improve voice quality across MTC’s entire network, especially in more remote areas, at the edge of its coverage range, as well as in buildings.
A significant element in the upgrade includes Motorola services and support to ensure that MTC is fully optimizing its GSM and GPRS networks. These solutions enable it to benchmark its network performance against that of the world’s leading telecom operators, and improve its subscribers’ communication experience by tweaking applications and enhancing network utilization.
As part of its upgrade initiative, MTC will deploy Motorola’s Network Support Program (NSP). Using NSP, MTC can better focus on its core business issues while managing network availability and helping to reduce subscriber churn – a key consideration in Kuwait’s competitive mobile market.
MTC has also opted for Motorola’s GPRS network optimization service and related value-added services.Amir Shaikh Jaber has two successful leg surgeries in Cleveland, Ohio -- PM Shaikh Sabah
Monday, 4 July 2005
Amir Shaikh Jaber al-Ahmad al-Jaber al-Sabah of Kuwait had two successful leg surgeries in Cleveland, Ohio, said Kuwaiti Prime Minister Shaikh Sabah al Ahmad al Jaber al Sabah on Sunday. The Amir is currently spending a convalescence period in the US.
In an interview with the Other Side of Kuwait T.V., that was aired today, Shaikh Sabah said "The Amir would return home in the near future".Amir Shaikh Jaber leaves for the U.S. to complete scheduled medical checkups -- KUNA
Tuesday, 17 May 2005
Amir Shaikh Jaber al-Ahmad al-Jaber al-Sabah of Kuwait leaves for the United States on Wednesday, announced Kuwait News Agency (KUNA), to complete scheduled medical checkups.
Shaikh Jaber, 76, who has ruled for 27 years, suffered a brain hemorrhage in September 2001 and spent four months recovering in Britain, said the Daily Star of Lebanon. Last August, he spent about 10 days undergoing medical examinations at a New York hospital.Women's ability to play a full role in Kuwait's political life adds a welcome, necessary element to the vibrant, critical roles they already play -- State
Monday, 16 May 2005
"We offer our congratulations to the leadership of Kuwait, the Kuwait National Assembly, and to the people of Kuwait on the passage today of full political rights for Kuwaiti women," said State Department Spokesman Richard Boucher. "The ability of women to play a full role in the political life of Kuwait adds a welcome and necessary element to the vibrant and critical roles they already play in numerous spheres of Kuwaiti society. We are confident that women will further strengthen Kuwait's democracy."
The amendment to the Kuwait's electoral law that franchises women by granting them for the first time the right to vote and run for parliament was passed by Majlis al-Umma in a 35-23 vote with one abstention. The amendment requires women voters and candidates to abide by Islamic law. Council elections are due this year.Kuwait's Real GDP grew at 8.5 percent during 2003, 2004 -- IMF
Friday, 13 May 2005
Kuwait's Real GDP grew at an average annual rate of 8.5 percent during 2003 and 2004, concluded International Monetary Fund (IMF) Article IV Consultation with Kuwait, its highest pace in the preceding decade and a half. The rebound was also supported by the spillover effects of the renewed trade relations with Iraq.
After taking into account the terms-of-trade gains, per capita income increased by 34.5 percent over the two-year period. Inflation and the rate of unemployment remained low at less than 2 percent and 3.5 percent, respectively. The Kuwaiti stock price index more than doubled in 2003, and increased further by 34 percent in 2004, reflecting higher corporate profits, an improved economic outlook and abundant liquidity.Eagle wins a $18 million contract for a Refurbishment Center in Kuwait for High Mobility Multi-Purpose Wheeled Vehicle
Thursday, 28 April 2005
Eagle Services Corp., Huntsville, Alabama, was awarded yesterday a $18,062,808 time and materials contract for a Refurbishment Center for the High Mobility Multi-Purpose Wheeled Vehicle.
Work will be performed in Kuwait, and is expected to be completed by 28 April 2008. The Army Tank-Automotive and Armaments Command, Warren, Michigan, is the contracting activity.Moody's upgrades outlook for Gulf Bank of Kuwait's C-financial strength ratings to positive from stable
Tuesday, 21 December 2004
Moody's rating agency has changed rating outlook for Gulf Bank of Kuwait's C-financial strength ratings (FSR) to positive from stable.Moody's upgrades to D the financial strength rating of al Ahli Bank of Kuwait
Tuesday, 14 December 2004
Moody's rating agency has upgraded to D with stable outlook from D- the financial strength rating (FSR) of Al Ahli Bank of Kuwait (ABK). The A2/Prime-2 foreign currency deposit ratings and their outlooks remain unchanged. ABK had consolidated assets of $5.5 billion in September 2004.
Moody's said that this rating action reflects the continuing improvement in the bank's financial fundamentals and risk profile, underscored by significant reductions in problem loans, greatly enhanced coverage by loan-loss reserves, as well as sustained reductions in the level of related-party exposures. ABK's high capital ratios support further growth opportunities and remain at a level consistent with the bank's risk profile. The upgrade also reflects the bank's improved efficiency stemming from investments in technology, workforce rationalization and attention to costs.
Although ABK is one of the smaller of the Kuwaiti commercial banks, enhanced emphasis on deposit gathering has improved the bank's deposit franchise, while its growth focus remains the retail market. Despite the departure of the bank's CEO in 2003, its capable and experienced management team remains a positive factor.
However, the investors' service noted that the ABK continues to keep a large proportion of low-yielding Government Debt Bonds on its books, which reduce earnings and add pressure to scale the franchise. Given recent regulatory changes in Kuwait, managing funding costs will remain a significant challenge for the bank. Its D FSR could in future benefit from: the further diversification of its franchise and revenue streams.Moody's raises the long-term deposit rating for Kuwait Finance House to A2 from A3
Monday, 26 July 2004
Moody's has raised the long-term Deposit Rating for Kuwait Finance House to A2 from A3 due to improved supervisory oversight.
On 3 February 2003, the rating agency upgraded the Deposit Ratings of Kuwait Finance House to A3/P-2 and placed a Positive Outlook the D+ Financial Strength Rating.Public Warehousing of Kuwait wins a $67 million contract for prime vendor subsistence support for U.S. forces
Thursday, 15 July 2004
Public Warehousing Company (PWC) of Kuwait, is being awarded a $67,175,712 indefinite delivery type of contract for prime vendor subsistence support for the Army, Navy, Air Force and Marine Corps.
Work will also be performed by subcontractors located at Pocomoke, Maryland; Deptford, New Jersey; and Richmond, California. Performance completion date is expected to be on 14 July 2007. The contracting activity is the Defense Supply Center Philadelphia, Philadelphia, Pennsylvania.Public Warehousing of Kuwait wins a $22 million contract for food distribution for all U.S. military services in Kuwait, Iraq, and Qatar
Monday, 22 March 2004
Public Warehousing Co., Kuwait, is being awarded a $22,391,904 firm fixed price with indefinite quantity type of contract for prime vendor for full line food distribution for all U.S. military services in Kuwait, Iraq, and Qatar.
Performance completion date is expected to be 21 March 2005. The contracting activity is the Defense Supply Center Philadelphia, Philadelphia, Pennsylvania.Kuwait Petroleum wins an $80 million contract for gasoline, diesel fuel to Iraq
Tuesday, 16 March 2004
Kuwait Petroleum Corporation (KPC), Safat, Kuwait, was awarded a $79,881,091 fixed price with economic price adjustment type of contract for gasoline and diesel fuel for Iraq on March 15, 2004.
Work will also be performed at the Subhan and Ahmadi fuel depots. Performance period begins April 1, 2004, the completion date is expected to be June 30, 2004. The contracting activity is the Defense Energy Support Center, Fort Belvoir, Virginia.Altanmia of Kuwait wins a $40 million contract for transport of gasoline, kerosene and diesel fuel to Iraq
Tuesday, 16 March 2004
Altanmia Commercial Marketing Co, W.L.L., Sharq, Kuwait, was awarded a $39,942,806 firm-fixed-price type of contract for transport of gasoline, kerosene and diesel fuel for Iraq on 15 March 2004.
Work will be performed in Southern Iraq. Performance period begins 1 April 2004, the completion date is expected to be 30 June 2004. The contracting activity is the Defense Energy Support Center, Fort Belvoir, Virginia.Washington International wins a $26 million contract for design, construction of troop barracks, multipurpose clusters in Camp Udairi, Kuwait
Tuesday, 25 November 2003
Washington International Inc., Boise, Idaho, was awarded on 21 November 2003, a delivery order amount of $26,046,589 as part of a $26,046,589 firm-fixed-price contract for design and construction of troop barracks and multipurpose clusters. Work will be performed in Camp Udairi, Kuwait, and is expected to be completed by 21 November 2004.
The U.S. Army Corps of Engineers, Winchester, Virginia, is the contracting activity.TCOM LP wins an $85 million contract for one low altitude surveillance system to Kuwait
Friday, 21 November 2003
TCOM LP, Columbia, Maryland, is being awarded an $84,830,000 undefinitized firm-fixed-priced letter contract for one low altitude surveillance system, consisting of one 71M aerostat balloon; one mooring system and power tether; one TPS-63 radar system and one AR-900 electronic intelligence system, along with site preparation and associated supplies and services for the government of Kuwait.
Work will be performed in Linthicum, Maryland (40 percent); Kuwait (30 percent); Elizabeth City, North Carolina (15 percent); and Columbia, Maryland (15 percent), and is expected to be completed by April 2011. Marine Corps Systems Command, Quantico, Virginia, is the contracting activity.President Bush will welcome Kuwaiti PM to the White House on September 10
Monday, 25 August 2003
President George W. Bush will welcome Prime Minister Shaikh Sabah al Ahmad al-Jaber al Sabah of Kuwait to the White House on September 10, announced White House Press Secretary.
President Bush looks forward to discussing next steps on regional security issues, the global war on terrorism, and further strengthening ties between the United States and Kuwait.Lockheed wins an $8 million modification contract for radar frequency interfarometer for Kuwait
Wednesday, 20 August 2003
Lockheed Martin Systems, Owego, New York, is being awarded a $7,904,288 modification firm-fixed-price-fee contract for fiscal year 2003 radar frequency interfarometer for the government of Kuwait.
Work will be performed in Owego, New York, and work is expected to be complete on 25 February 2007. The U.S. Army Aviation and Missile Command, Redstone, Arsenal, Alabama, is the contracting activity.Shaikh Sabah is the new PM of Kuwait appointed by his older brother the Amir
Sunday, 13 July 2003
The Amir Shaikh Jaber al-Ahmad al-Jaber al-Sabah of Kuwait has issued an order appointing Shaikh Sabah al-Ahmad al-Jaber al-Sabah to the position of Prime Minister, announced Kuwait News Agency (KUNA). The 74-year old newly-appointed Prime Minister is the fourth son of the late Amir Shaikh Ahmad al-Jaber al-Sabah
Shaikh Sabah was appointed as Foreign Minister during 1963-1991; First Deputy Prime Minister and Foreign Minister; and acting Prime Minister when Crown Prince and Prime Minister Shaikh Saad al-Abdullah al-Salem al-Sabah (cousin) was receiving medical treatment abroad.Public Warehousing of Kuwait wins a $22 million contract for food, non-food products for U.S. forces
Wednesday, 28 May 2003
The Public Warehousing Co., KSC, Safat, Kuwait, is being awarded a $22,391,904 firm-fixed-price with indefinite-quantity type of contract for prime vendor for food and non-food products for the U.S. Army, U.S. Navy and U.S. Air Force.
Work also will be performed in Pocomoke City, Maryland, and Doha City, Qatar. Performance completion date is expected to be 30 June 2004. The Defense Supply Center Philadelphia, Philadelphia, Pennsylvania, is the contracting activity.
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