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Friday , September 25 2020

Business

Kuwait Credit Bank posts KD 72.5 mln net profits in 19-20′

KUWAIT, Sept 12 (KUNA) — Kuwait Credit Bank said on Saturday that it has achieved net profits of around KD 72.5 million (USD 239 million) …

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Second wave of oil decline

AFTER a few months of stability that lifted the crude oil price from its bottom of less than $20 to $45 per barrel, the oil …

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Regulatory authorities refuse to okay tender of Kabad health center project

Inconsistency of tender documents cited KUWAIT CITY, Sept 10: The regulatory authorities have refused to approve the tender for the construction, development and maintenance of …

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OAPEC and KNPC to exchange experiences

KUWAIT CITY, Sept 10: Organization of Arab Petroleum Exporting Countries (OAPEC) Secretary General Ali Bin Sabt announced Thursday an agreement for a joint working group …

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MEW to float three KD 19.479 mln worth tenders to develop network

KUWAIT CITY, Sept 9: The Ministry of Electricity and Water will soon fl oat three tenders worth 19.479 million dinars to develop and modernize the …

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Kuwait public utilities achieved 6 million dinars in net profit in 2019

KUWAIT CITY, Sep 9: The Kuwait Public Utilities Management Company announced that it achieved 6 million Kuwaiti dinars (about 19.4 million US dollars) in net …

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Shortcomings to delay many govt, oil projects

CAPT warned of illegal actions’ consequences KUWAIT CITY, Sept 8: Reliable sources at the Central Agency for Public Tenders (CAPT) warned of the consequences of …

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Legislator queries KIA commissions

KUWAIT CITY, Sept 7: MP Abdullah Al-Kandari has forwarded queries to Minister of Finance Barrak Al-Shitan about the companies which manage the investments of Kuwait …

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CBK slashed discount rate 3 times in past fiscal year

KUWAIT CITY, Sep 7: Governor of the Central Bank of Kuwait Dr. Mohammad Al-Hashel said on Monday the CBK downgraded, during the fiscal year (2019-2020), …

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Lessons to be learned by National oil companies

A recent announcement was made by Saudi Aramco to cut down on its capital investments to make better returns. This comes at a time when …

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