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Business

KSE declines as weak oil dampens sentiment – NBK sheds 20 fils; Zain unchanged

KUWAIT CITY, May 19 : Kuwait stocks headed south Thursday tracking regional cues to end the week on a sour note. The price index slid …

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European banks still wary on Iran trade over sanctions risk – Lenders cautious despite assurances from US and Europe politicians that they can resume ties

LONDON, May 19, (RTRS): European banks are holding back from business with Iran partly due to worries they might breach remaining sanctions, despite assurances from …

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KSE swings 19.84 pts up on renewed buying – Americana gains 20 fils, NBK flat

KUWAIT CITY, May 17: Kuwait stocks swung higher on Tuesday stemming the two-day fall. The price index climbed 19.14 points in a lackluster trade to …

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KPMG explains impact of VAT on Kuwait’s construction sector – VAT readiness could take several months

This article will discuss the impact of VAT on the VAT-registered contractor when making a supply of construction services and other related services to their …

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US ‘reveals’ how much Treasury debt Saudi Arabia owns in March – Kingdom holds $116.8 bln, ranked 13th largest foreign holder of Treasury securities

WASHINGTON, May 17, (AP): Foreign holdings of US Treasury securities rose in March, with the Treasury Department revealing for the first time in four decades …

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UASAC holds annual ordinary meeting – Company records a net profit of KD 704,435

KUWAIT CITY, May 17: UASAC’s General Assembly held its annual ordinary meeting on Monday 16th May 2016 headed by Basel Abdul Wahab Al Zaid in …

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Govt spending key driver of Kuwait construction sector – One of the few countries in GCC spending money after 2008 economic slump: experts

KUWAIT CITY, May 16: Kuwait is probably one of the few countries in the GCC that is spending money after the 2008 economic slump, says …

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Kuwait index extends losses; volume drops – Americana dives 80 fils; KIPCO gains

KUWAIT CITY, May 16: Kuwait stocks headed south on Monday extending the losses to second session. The price index dropped 27.56 pts to  5,384.14 pts …

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Gulf Bank posts KD 8.8 mln net profit in Q1 – Total assets up by KD 65 mln to KD 5,459 million

KUWAIT CITY, May 16: Gulf Bank announced a net profit of KD 8.8 million in Q1 2016.  This figure is down by KD 1 million …

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KIPCO holds its annual achievement awards – UFM named ‘Group Best Company of Year 2016’

KUWAIT CITY, May 16: KIPCO — the Kuwait Projects Company — has announced the winners of its annual achievement awards. The awards were presented by KIPCO’s …

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