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 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor