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Sunday , November 18 2018

Business

Kuwait stocks extend gains in tame session

Humansoft Holding soars 45 fils; Ooredoo slips KUWAIT CITY, Aug 7: Kuwait stocks headed north on Tuesday extending the gains to fifth straight session. The All Shares Index climbed 20 points to 5,279.05 points paced by Humansoft Holding and some of the heavyweights even as the overall sentiment remained soggy. …

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Heritage Village project reflects the execution failure 14 yrs after launch

About half a billion dinars wasted: Al-Otaibi KUWAIT CITY, Aug 7: About half a billion dinars has been wasted on the Heritage Village project in Sharq area. Chairman of Municipal Council Eng Osama Al-Otaibi expressed his displeasure over the situation of the village project, which reflects the failure in the …

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‘Take necessary steps to recognize realty market’

KUWAIT CITY, Aug 7: Real estate experts are of the view that many individuals and companies having the financial ability to purchase property hesitate to do so due to the current regional situation, and that necessary steps should be taken to reorganize real estate market to allow expatriates invest in …

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Kuwait bourse closes up in volatile session

NBK rallies 8 fils; Zain slips KUWAIT CITY, Aug 6: Kuwait stocks pulled higher on Monday as it continued its winning streak to fourth consecutive session. The All Shares Index climbed 16.78 points in choppy trade to 5,259.05 pts led by banks and some of the other blue chips. The …

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‘This is investment’ – Opinion differs

KUWAIT CITY, Aug 6: With the release of the central market in Block One by the Board of Directors of Jleeb Al-Shuyoukh Cooperative Society and pending approval of the general assembly slated for Monday afternoon, the social media has been abuzz with opinions of those who are for and against …

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15 pc returns from small projects

KUWAIT CITY, Aug 6: Deputy Director General for Operation Affairs at National Fund for Small and Medium Enterprise Development Eng Fares Al- Enezi says top-level investors are seeking to invest in the small enterprises’ sector due to their high returns compared to other sectors. He explained that the returns from …

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EQUATE reports highest Q2 earnings in its history

Group posts 56% hike in H1 net income KUWAIT CITY, Aug 5: EQUATE Group, a global producer of petrochemicals, reported its highest second quarter earnings in its history. Net income for the EQUATE Group for 2Q, 2018 was $427 million, up 75 per cent compared to the same period in …

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Foreign banks capital increase

KUWAIT CITY, Aug 5:  The total capital increase in the branches of foreign banks operating in the country reached $30 million last month — approximately KD 9 million, reports Al-Rai daily quoting sources. According to decisions issued by Central Bank of Kuwait (CBK) Governor Dr Mohammad Al-Hashil, the data of …

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ID cards for real estate brokers – PAI cancels licenses of 5 projects

KUWAIT CITY, Aug 5: The Ministry of Commerce and Industry will issue identification cards for real estate brokers within this week, reports Al-Jarida daily quoting sources. Sources explained this step aims to end chaos in the concerned governmental bodies due to the existence of many expatriate real estate brokers. Sources …

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Increase in transactions

KUWAIT CITY, Aug 5: According to official data released by the Central Bank of Kuwait, citizens and residents spent KD 5.6 billion at point-of-sale transactions during the first six months of 2018. This is an increase of 16.2 percent to KD 787.5 million compared to KD 4.8 billion spent during …

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