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Business

Kuwaiti oil down 80 cents

The price of Kuwaiti oil went down 80 cents Thursday to settle at $22.70 per barrel after being at $23.50 the day before, said Kuwait …

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‘Kuwait’s financial situation is stable, won’t be affected by wars in the region’ – MoE approves bonus for exam controllers

KUWAIT CITY, Feb 11: A number of economy analysts affirmed that Kuwait’s financial situation is stable and will not be affected by the political situation …

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‘EQUATE achieves $739 million total profit in 2015 fiscal year’

KUWAIT CITY, Feb 12: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, announced realizing a net profi t of $739 million for the …

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Kuwait bourse closes lower in choppy trade – Burgan Bank drops 15 fils; KNCC soars

By John Mathews Arab Times Staff KUWAIT CITY, Feb 11: Kuwait stocks sagged on Thursday to wind up the week on a dull note. The …

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ECB to decide on fate of 500-euro banknotes – Argument in favour of keeping it less convincing

BERLIN, Feb 11, (AFP): The European Central Bank will take a decision soon on whether to keep printing 500-euro banknotes, with the arguments for doing …

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Total cuts investment amid oil price collapse

PARIS, Feb 11, (AFP): French oil company Total said Thursday it had cut its investment target this year as it steps up efforts to drastically …

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British lawmakers tell Google to come clean on tax – US demands EU reconsider tax probes of its companies

LONDON, Feb 11, (RTRS): UK lawmakers accused Google on Thursday of trying to fool Britons into believing it was a proponent of tax reform while …

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Zain posts revenues of KD 1.14 bln for 2015 – Group records KD 154 mln net income; BoD recommends cash dividend of 30 fils per share

KUWAIT CITY, Feb 10: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results …

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Kuwait bourse heads south as volume dips – Jazeera Airways drops 10 fils; KNCC soars

KUWAIT CITY, Feb 10: Kuwait stocks headed south on Wednesday extending the losses to second straight session. The key index dropped 15.93 points to 5,147.87 …

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ABK records KD 30.4 mn net profit for 2015 – Group’s total assets at year-end rise by 24.6% to KD 4.36 bln

KUWAIT CITY, Feb 10:  Al Ahli Bank of Kuwait (ABK) today announced Operating Profits of KD 87.3 million for 2015, up 5.8 percent from last …

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