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Business

Market shake-up deepens in Kuwait in a move to attract stock investors – Boursa Kuwait announces second phase of market development

KUWAIT CITY, April 1: Boursa Kuwait announces that the second phase of market development, which encompasses transformational changes such as a three-tiered, segmented market, the …

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AUB AGM approves cash dividend of 13 fils – Bank gives nod to bonus shares of 5%; AGM held with 92.851% attendance

KUWAIT CITY, April 1: Chairman of Ahli United Bank, Dr  Anwar Al Mudhaf assured that “In 2017, Ahli United Bank has witnessed a 10.4% growth …

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Iraq to award new oil contracts on April 15

BAGHDAD, April 1 (Reuters) – Iraq plans to award oil and gas exploration and development contracts in 11 new blocks on April 15, oil ministry …

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ALSAYER honors team efforts towards better customer satisfaction – Company advances focus on customer service one by one

KUWAIT CITY, March 31: ALSAYER Holding, one of the leading conglomerates in the region recently held an event to honor outstanding customer service efforts across …

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Shanghai futures creating own oil price benchmark – Faces long shot to get recognition

A third crude oil price emerged last week from China, creating a third price indication in the oil market that could be a dominating force in …

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Commerical bank of Kuwait holds its AGM – CBK now among the best local banks in profitability ratios; logs KD 55.4mn in 2017

Message from Ali Mousa Al Mousa, Chairman of Commercial Bank of Kuwait during the General Assembly Meeting In the name of Allah the Most Gracious, …

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Philippine banks on alert after cyber attack at Malaysia central bank

MANILA, March 31 (Reuters) – The Philippine central bank has sounded an alert to local financial institutions following a cyber attack at the Malaysian central …

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KFAED signs KD 23 million loan agreements with Dhaka, Djibouti – Deals to finance development projects

KUWAIT CITY, March 28, (KUNA): Kuwait Fund for Arab Economic Development (KFAED) signed two loan agreements with Bangladesh and Djibouti, totaling KD 23 million (about …

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H’wood hopes to cash in as Saudi Arabia lifts ban on theaters – ME exhibitor Cinemacity to enter Saudi Arabia theater-building derby

LOS ANGELES, March 28, (RTRS): Hollywood is falling head over heels for the Kingdom of Saudi Arabia. The Middle Eastern nation is lifting a 35-year …

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Zain holds AGM, OKs cash dividend of 35 fils – Two new members elected to Board of Directors; Al Tahous, Chairman and Al-Kharafi as Vice-Chairman and Group CEO

KUWAIT CITY, March 28: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa announces the holding of its …

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