Arab Times

Al-Mutawah and Al-Shatti win ‘Hit the Plate or Go’ scenario – Abubakar, Al-Sabah back on board for 2nd place

KUWAIT CITY, Jan 21: It is another fun-filled shoot-out competition as the Filipino Action Shooting Team (FAST), Kuwait prepared for the combined precision and practical shooting competition and everyone came ready for the ‘Hit the Plate or Go’ scenario. In the Standard Category, the main event of the competition, Mishal …

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Nasrawi wins late Sheikh Abdullah Al-Mubarak Cup – Muhaiman claims 2,600 meter race

KUWAIT CITY, Jan 21: Al-Osaimi’s Nasrawi horse under the jockey Jossy has won the late Sheikh Abdullah Al-Mubarak Cup for level 3 horses, covering a distance of 1,200 meters within 1.10 minutes. With an interesting display of the sport of our forefathers, Al-Nasrawi beat Al-Hazem horse from the same Al-Osaimi …

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Buffalo ‘hire’ female coach – London on track

NEW YORK, Jan 21, (Agencies): The Buffalo Bills appointed Kathryn Smith to their special teams staff on Wednesday, becoming the first NFL side to hire a woman to a full-time coaching job. Smith’s appointment as quality control-special teams coach comes after the Arizona Cardinals hired Jen Welter as an assistant …

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Bale cost world record 100 million euros: report – Barnett calls for probe into how documents came to be leaked

MADRID, Jan 21, (Agencies): Welsh star Gareth Bale joined Real Madrid in 2013 for a world record fee in excess of 100 million euros ($109 million; £77 million), a leaked report reveals. Whistleblowing website Football Leaks posted a copy of the agreement between Madrid and Tottenham Hotspur online on Wednesday. …

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NBK posts KD 282.2 mln net profit for 2015-16 – Total assets up 8.3% y/y to KD 23.6 bln; Board proposes cash dividends of 30 fils/share

KUWAIT CITY, Jan 21: National Bank of Kuwait (NBK) reported net profits of KD 282.2 million (USD 929.7 million) for the year 2015 compared with KD 261.8 million (USD 862.6 million) in 2014, growing 7.8% year-on-year. 77.8 billion) up 8.3% compared to year-end 2014, while total shareholders’ equity increased by …

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KSE extends bear run, ends 38.94 pts in red – KIPCO drops 10 fils; Mabanee Co gains

KUWAIT CITY, Jan 21: Kuwait stocks sagged on Thursday to wind up the week on a sour note. The bourse slid 38.94 points to 4,946.33 pts weighed by continuing fragility in global markets and sliding oil prices. The bourse has been markedly bearish since last week and has closed lower …

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No sign Saudi Arabia will ride to oil market rescue – Reforms to reduce spending key to long-term oil policy

RIYADH/DUBAI, Jan 21, (RTRS): Low oil prices have pushed top exporter Saudi Arabia to hasten difficult economic reforms and cut spending on popular benefits, but it has few options beyond sticking with a strategy to defend its market share – no matter how low prices sink. A return of Iranian …

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Cheap oil slamming stocks – Good for consumers

NEW YORK, Jan 21, (AP): Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because of a rapid plunge in the price of oil. The price of crude is down 28 percent this year already, which in turn has dragged …

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Red tape and political risks could stall investment in Iran – Threat sanctions could ‘snap back’ looms large

DUBAI, Jan 20, (RTRS): A multitude of business regulations – 182,000 by one minister’s count – stands in the way of a rapid flow of foreign investment into Iran after the lifting of nuclear sanctions ended its long isolation from global commerce. Other factors that could stall investment include residual …

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KSE index tumbles below 5,000 pts mark – NBK drops 30 fils; Zain flat

KUWAIT CITY, Jan 20: Kuwait stocks fell sharply on Wednesday to end below 5,000 pts mark amid fresh sell-offs triggered by further decline in oil prices. The price index skidded 98.94 pts in a broad decline to hit a fresh multi-year low of 4,985.27 pts tracking the slide in regional …

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