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Sunday , December 15 2019

Business

No output deal seen as OPEC meets in Algeria – Iran remains adamant

The proposed unofficial OPEC meeting in Algeria before the end of this month will not result in any agreement. We definitely cannot expect any agreement …

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Global concludes exit from JOTF for $29mn – Stake acquired by Invest Bank in Jordan

KUWAIT CITY, Sept 24: Global Investment House (Global) announced today that its alternative asset management arm, Global Capital Management (GCM), concluded a successful exit from …

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Kuwait bourse ends with mixed board – Market cap reaches KD 23.58bn, up by 0.11%

Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 5,405.80 points, down by 0.43% from the week before closing, …

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Kuwait credit growth jumps to 8.1 pct y/y in June – Large gains in lending for purchase of securities

June saw credit growth register a strong uptick, coming in at 8.1% year-on-year (y/y) on its largest monthly gain in six months. Total credit rose …

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Saudi ‘offers’ oil cut for OPEC deal if Iran freezes production – Iraq targets 4.75–5 mln bpd share of global output

DUBAI/LONDON, Sept 23, (Agencies): Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a …

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Kuwait’s oil exports to China jump 65 pct

Kuwait’s crude oil exports to China in August surged 65.0 percent from a year earlier to 1.47 million tons, equivalent to about 347,000 barrels per …

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Warba Bank activates e-signature services, unveils ‘Express Finance’ – We are proud to be first to release this leading service in Kuwait: Al-Ghanim

KUWAIT CITY, Sept 21: Warba Bank announced, during a press conference, the signing of a cooperation agreement with the Public Authority for Civil Information to …

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ABK’s Accad named ‘Bank CEO of the Year’ – ‘Michel Accad takes bank to a new operational level’

KUWAIT CITY, Sept 21: Al Ahli Bank of Kuwait (ABK) proudly announced that ABK CEO Michel Accad was named ‘Bank CEO of the Year’ by …

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Kuwait bourse eases 7.23 pts in dull trade – Ooredoo dips 40 fils; NBK flat

KUWAIT CITY, Sep 21: Kuwait stocks sagged on Wednesday extending the decline from the last session. The price index slipped 7.23 pts to 5,390.79 points …

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Kuwait & Qatar ranked safest economies in GCC – Recalibration of growth initiatives to spillover to 2017

KUWAIT CITY, Sept 20: After recording an estimated $119 bn of budget deficits in 2015, mainly due to lower oil revenues, GCC budget deficits are …

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