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Wednesday , August 5 2020


Kuwaiti oil minister says further oil production cuts are possible – Energy markets need regulator in face of speculators: Eni CEO

ST PETERSBURG, Russia, July 23, (RTRS): Kuwait’s Oil Minister Essam Al-Marzouq said on Saturday that compliance with oil production cuts by OPEC and non-OPEC countries …

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Burgan Bank signs deal to finance Dubai’s Cityland Mall – Landmark transaction solidifies bank’s position as regional financial powerhouse

KUWAIT CITY, July 22: Burgan Bank is pleased to announce that it recently concluded a strategic deal committing to finance Dubai’s Cityland Group’s flagship retail …

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Saudi Arabia curtails crude shipments to US – US gasoline surplus eliminated by trade flows

LONDON, July 22, (RTRS): Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain …

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KIPIC – the newly-formed multi-activity oil company – Company requires foreign expertise

Kuwait Integrated Petroleum Industries Company (KIPIC) was established in November last year to handle various oil activities ranging from building new refineries and liquefied gas …

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Ahli United Bank (Kuwait) achieves KD 26.5 mln net profit for first half – ‘Continuity of growth in profits is further evidence of bank’s financial position, successful strategy’

KUWAIT CITY, July 20: Ahli United Bank announced its results and financial statements for the first half ending on June 30, 2017, following the endorsement …

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Kuwait winds up week in red; volume shrinks – NAPESCO dives 45 fils; KFH gains

KUWAIT CITY, July 20: Kuwait stock pulled lower on Thursday to end the week on a dour note. The price index, pared back steeper early …

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Burgan Bank announces 2017 first half earnings – Group reports net income of KD 38.9 million

KUWAIT CITY, July 20: Burgan Bank Group announced today its first half earnings of financial year 2017. The selective and prudent growth approach amid regional …

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GOFSCO recognizes 85 employees – Staff honored for top performance and dedication at awards ceremony

KUWAIT CITY, July 19: Gas & Oil Fields Services Company (GOFSCO), one of the largest integrated service providers in Kuwait specializing from the upstream to …

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Kuwait index closes in red zone; volume soars – CBK drops 20 fils; Zain ticks up

KUWAIT CITY, July 19: Kuwait stocks swung into red on Wednesday after seesawing earlier in the week. The price index dipped 19.22 pts in volatile …

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Oil prices decline for second straight month –

It was not meant to happen this way. Another month, another decline in oil prices. This time, in Brent’s case, the drop was to its …

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