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Wednesday , January 22 2020

Business

Al-Dawli net profit rises 17% to KD 16.1m in 2015 – Total assets up 8% to reach KD 1.79 billion

KUWAIT CITY, Feb 7: Sheikh Mohammed Al-Jarrah Al-Sabah, Chairman of Kuwait International Bank (Al Dawli) announced that during 2015, the Bank’s profits have grown by …

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KSE climbs 8.46 pts in lackluster trade – NBK gains 10 fils; Zain slips

KUWAIT CITY, Feb 7: Kuwait stocks nudged higher on Sunday after charting a strong rebound in the previous week amid strong earnings and uptick in …

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Year-end results dismal for global oil companies – Firms cutting investments, jobs

Certainly, the financial results of all oil industries are very poor irrespective of whether it is an international oil company or the biggest oil producer …

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Iran oil sales to Europe above 300,000 bpd after ‘sanctions’ – Glencore loading Iranian fuel oil directly from Bandar Mahshahr

DUBAI, Feb 6, (RTRS): Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions …

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Kuwait bourse ends in green; volume soars

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,198.37 points, up by 3.75% from the week before …

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Crude oil prices wobble in another choppy week – Supply glut concerns, flagging dollar weigh

LONDON, Feb 6, (AFP): The global oil market has faced another choppy week as dealers tracked supply glut concerns, the flagging dollar and the poor …

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KSE price index up 3.75 percent – Upbeat trend witnessed during the week amid positive earnings

KUWAIT CITY, Feb 5: The KSE indices all continued to witness a positive trend, after a long interval of negative closings, amid many counters reporting …

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Saudi riyal devaluation would carry major political risk – Depegging could immediately raise the price of goods, hit living standards

RIYADH, Feb 5, (RTRS): A devaluation of Saudi Arabia’s currency could cause such political instability that Riyadh has little choice but to stick to its …

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WB sees Kuwait GDP growth of 2.5% in ’16, 2.7% in ’17 – Oil, war stunt region

WASHINGTON, Feb 5, (Agencies): The World Bank in a report published Thursday, forecast Kuwait’s GDP growth at 2.5 percent in 2016 and 2.7 percent in …

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Obama floats $10 a barrel tax on oil

WASHINGTON, Feb 5, (AFP): US President Barack Obama on Thursday proposed a controversial $10-a-barrel tax on oil firms to pay for much needed infrastructure improvements. …

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