Kuwait City

KUWAIT CITY - Global oil demand will increase by five million barrels per day in the next five years, and China and India will lead the growth in emerging markets, the Kuwaiti oil minister said at the opening ceremony of the 18th Middle East Oil and Gas Conference here Monday.

KUWAIT CITY - Leaders of the six Gulf Arab states were to move ahead with plans to set up a common currency and launch a new $1.6 billion regional electricity grid Monday, the latest bids for regional integration at a summit where Iran's nuclear program was also on the agenda.