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Sunday , November 18 2018


NBK the flagship bank in Kuwait banking sector: Fitch – Lender enjoys dominant market share and measures up to leading regional banks

KUWAIT CITY, March 22: Fitch Ratings, the international credit rating agency, said that NBK is the flagship bank in the Kuwaiti banking sector and measures up to leading regional banks. The bank enjoys a dominant market share in Kuwait and is widely thought of as one of the region’s strongest …

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KSE edges slightly down; volume dips – Zain slips 10 fils; KFH gains

KUWAIT CITY, March 22: Kuwait stocks ticked lower on Tuesday for the third straight session amid soggy sentiment. The bourse eased 3.74 pts to 5 251.8 points with mixed board even as investors look for positive cues. The KSX 15 dropped 5.21 pts to 835.15 points trimming the month’s losses …

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Kuwait tackling dwindling crude oil prices in ‘strategic way’: US officials – Experts praises Gulf state’s attempts to attract foreign investment

WASHINGTON, March 22, (KUNA): Kuwait is tackling dwindling oil prices in a “thoughtful and strategic way,” several US officials, diplomats and experts believe, as they hailed the Gulf country’s attempts to attract foreign direct investment in return. “I had the privilege to attend the Investment Forum in Kuwait (on March …

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KIPCO, other firms hold CSR seminar, workshop – Forum aims to help Kuwaiti charitable organizations improve sponsorship exposure and fundraising capabilities

KUWAIT CITY, March 21: KIPCO Monday kicked off a two day social responsibility seminar and workshop in cooperation with some of Kuwait’s leading companies in the private sector at its KIPCO Tower headquarters. The seminar and workshop titled “Creating Partnership for a Better Society” started March 21 and will end …

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KSE benchmark ticks lower; volume slides – NBK drops 20 fils; Americana gains

KUWAIT CITY, March 21: Kuwait stocks sagged slightly Monday for the second straight session. The bourse eased 3.58 pts in listless trading to 5,255.54 points weighed by banking shares even as the board remained mixed. The KSX 15 benchmark slipped 5.85 pts to 840.36 points while weighted index fel 1.83 …

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Prince Alwaleed tops the ‘Arab Power List’ – Gulf Business Magazine’s ranking

RIYADH, March 21: HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), has been ranked number one in Gulf Business Magazine’s 2016 “Arab Power List”. HRH has been featured in the magazine for five consecutive years. Prince Alwaleed is known for his precision for exploring …

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KFH Group Chairman presents 2015 Annual Report – Bank continues to manage risks efficiently and make required provisions

KUWAIT CITY, March 21: “This year’s results are conclusive evidence of Kuwait Finance House’s major success in strengthening the Bank’s position and improving its performance. KFH has achieved remarkable growth in 2015 with net profit reaching KD 145.8 million compared to KD 126.5 million in 2014, thus marking an increase …

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KIPCO to host social responsibility forum – Some of Kuwait’s leading firms to participate

KUWAIT CITY, March 20:  The Kuwait Projects Company (KIPCO Holding) and its subsidiaries have announced at a press conference they are hosting a social responsibility forum and workshop in cooperation with some of Kuwait’s leading companies in the private sector on Monday. Participants in the forum will include the National …

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Al Habtoor meets Austrian trade commissioner to UAE – Bandera hails KAH’s acquisition

DUBAI, March 20: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group welcomed Richard Bandera, Austrian Trade Commissioner to the UAE at the Austrian Embassy’s Commercial Section at the Al Habtoor Group Head Office on Sunday, March 20, 2016. Bandera, who is based in Abu Dhabi, was accompanied by Talik Chalabi, …

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40 pct of energy subsidies for oil products benefit the rich: OAPEC – IMF estimates show volume of energy subsidies amounted to $278.8 bln

KUWAIT CITY, March 20, (KUNA): High income citizens in OAPEC’s member states benefit by a proportion of 40 percent from subsidies for oil products, the organization said in its monthly report. Member countries of the Organization of Arab Petroleum Exporting Countries (OAPEC) subsidize basic products, namely fuel, as part of …

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