
The GCC Commercial Arbitration Center has revealed its intention to open its main office in Kuwait. The decision was brought about as a result of the presence of "a supportive legal structure" in Kuwait, Secretary General Ahmed Najim said in a statement. Agreement has already been reached between the Kuwaiti government and the centre, with all constitutional tools necessary for the move completed in a law issued in 2013, he added. The centre's board of directors had met with His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah last week, during which the premier had welcomed the plans and pledged Kuwait's complete administrative and financial support of the move. Basing the centre in Kuwait will ease its coordination with state economic legal and regulatory in the country like the Fatwa and Legislation Department, the Kuwait Chamber of Commerce and Industry and the Kuwait Direct Investment Promotion Authority, he said. The move will also aid attracting direct and indirect investments in Kuwait, the prime minister added.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor