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Business

VW to pay $10.2 bln to settle emissions claims – Volkswagen owners close ranks as investors vent fury over crisis

DETROIT, June 23, (Agencies): Volkswagen has agreed to take a series of steps with a total cost of about $10.2 billion to settle claims from …

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No law broken in funding bomb maker: SBI – No ban in India on financing such firms

NEW DELHI, June 23, (RTRS): The State Bank of India (SBI) has defended financing a US cluster bomb manufacturer, saying its investments were legal, after …

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KSE edges down 1.18 pts to end week on sour note – KFH up 5 fils, Humansoft Holding surges 80 fils

KUWAIT CITY, June 23: Kuwait stocks edged down on Thursday to end the week on a sour note. The price index fell 1.18 pts in …

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Kuwait retreats 28.45 pts to close at 5,409.17 pts – Americana surges 100 fils; NBK sheds 20 fils

KUWAIT CITY, June 20: Kuwait stocks retreated sharply on Wednesday as profit taking continued after a slight rebound in the previous day. The price index …

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OPEC oil export revenues hit 10-year low – Freeze on standby if prices weaken

LONDON, June 22, (RTRS): OPEC’s 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published on Wednesday, …

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Gulf Bank wins two awards from ‘International Banker’ – Named ‘Best Commercial Bank of Year’

KUWAIT CITY, June 22: Gulf Bank recently announced that it received two coveted awards from International Banker for ‘Best Commercial Bank’ and ‘Best Innovation in …

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KSE ticks 5.94 pts up in ‘lackluster’ trading- Commercial Bank drops 20 fils; Americana extends rally

KUWAIT CITY, June 21 : Kuwait stocks headed north on Tuesday as it ticked slightly higher with a mixed board. The price index rose 5.94 …

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Alghanim Industries unveil plans for Wendy’s expansion into Saudi – Move part of franchise agreement aimed at growing brand in region

KUWAIT CITY/RIYADH/ABU DHABI, June 21: Alghanim Industries, one of the largest private companies in the region, announced its plans to expand the Wendy’s® brand into …

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Saudi to issue about 20bn riyals of local bonds – Bid to fund budget deficit

DUBAI, June 21, (RTRS): Saudi Arabia’s government will sell about 20 billion riyals ($5.3 billion) of domestic bonds to banks next Monday, the Maaal financial …

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Kuwaiti oil price

The price of Kuwaiti oil went up by USD 2.02 to reach USD 44.62 per barrel (pb) on Monday after being at USD 42.60 pb …

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