Global uncertainties, international equity weakness and week global economic outlook plunged most of the Gulf stock markets on Sunday. Investors have adopted cautious approach and most of them are preferring investment in gold given to metal's safe investment status.

Official figures released by the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC) count the United Arab Emirates as number one market of the Arab region for goods.

Earlier this distinction was with Saudi Arabia which has now been pushed after the UAE. Moreover, the UAE also leads the region maintaining its position as top importer of goods.

On Saturday, an announcement was made by the Kuwaiti airline Jazeera Airways that it was planning to add more flights to Istanbul Dubai, Jeddah, and Damascus.

Australia's climax stiff for livestock declares that it could do enhanced in helping to improve welfare standards for live sell abroad in the Middle East.

The graphic images are released by the Animal protection group Animals. The images depict what it claims are Australian sheep being misused in Kuwait and Bahrain.

It is uttered by the groups to put a ban in the live exports.

On Sunday, Kuwait's Gulf Bank posted a net loss of 524,000 Dinars ($1.82 million) in the first quarter of 2010 after earnings of 1.6 million Dinars during the same period a year back.

A statement on the Kuwaiti bourse website on Sunday did not disclose a reason for the loss.

According to a Reuter’s survey, analysts at Global Investment House had predicted Gulf Bank to report net revenue of 8 million Dinars in the first quarter.

His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has launched major petrochemicals project by EQUATE Company, at southern Al-Shuaiba Industrial Zone and hoped that it would prove a milestone for pushing the Kuwait economy.