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Business

Will OPEC agree to freeze crude output in September

OPEC and non-OPEC countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil …

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KAMCO logs KD 724,000 H1 profit – Revenue jumps 58 pct to KD 3.8 million

KUWAIT CITY, Aug 15: KAMCO Investment Company today reported its financial results for the first half ended June 30, 2016. The Company recorded a net …

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NREC posts KD 7.6 mln net profit in first half – Operating revenues surge by 52 pct to KD 14.9 mln

KUWAIT CITY, Aug 14: National Real Estate Company (NREC), a leading regional asset manager and developer with development projects exceeding $1 billion in both Egypt …

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KSE price index ends in green zone last week – By Bayan Investment

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,499.72 points, up by 0.74% from the week before …

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S&P affirms Kuwait high rating … outlook stable – Large net asset positions

LIMASSOL, Aug 12: On Aug 12, S&P Global Ratings affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The …

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KFH-Turkey posts net profit of TL 256m, assets rise 4.9% – Shareholders equity increase by 8 pct

KUWAIT CITY, Aug 11: Kuwait Finance House- Turkey (KFH-Turkey) has closed the first half of 2016 with a net profit to TL 256 million with …

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What does Bank of England base rate cut mean for expats?

DUBAI, Aug 11: The Bank of England has cut the base rate for the first time in over seven years, reducing it from 0.5 percent …

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Al Habtoor welcomes Lebanon’s former Minister of Justice

Al Habtoor Group Chairman, Khalaf Ahmad Al Habtoor received Major General Ashraf Rifi, Lebanon’s former Minister of Justice and Director General of the Lebanese Internal …

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EQUATE continues global growth through its subsidiary MEGlobal

KUWAIT CITY, Aug 10: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, continued its global growth through its wholly owned subsidiary MEGlobal with …

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Dubai safe haven for investment: Al Habtoor – AHG chairman forecasts rise in property prices soon

DUBAI/UAE, Aug 9: In a statement to the media, Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor reaffirmed that Dubai is a safe …

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