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Business

Some gold shops in Dubai absorb 5 pct VAT

Some gold shops in Dubai absorb 5 pct VATv DUBAI, Jan 4: Effective January 1 this year, buyers of gold and diamond jewellery in the …

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KNPC asks for detailed study on local fuel market

CTC approves oil ministry’s Boston Group deal KUWAIT CITY, Jan 3: The local marketing sector of Kuwait National Petroleum Company (KNPC) has requested for a …

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KOC floats tenders for offshore oil exploration – Boost in gas production eyed

KUWAIT CITY, Jan 3: Kuwait Oil Company (KOC) in an unprecedented move has floated tenders for offshore oil explorations, reports Al-Anba daily. The daily quoting …

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Qatar merger creates state-owned gas giant – Move to save $545mn yearly in cost

DOHA, Jan 3, (AFP): Qatar said Wednesday that the two state-owned firms running the country’s natural gas business had merged in a move aimed at …

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Kuwait after recession, returns as best performing market in the Gulf

306,030 people work in public sector: CSC KUWAIT CITY, Jan 2: A report from the research unit of Kuwait Financial Center — Markaz indicates that …

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Saudi Arabia, UAE implement VAT -Kuwait awaits Assembly nod … may wait until 2019

DUBAI, Jan 1, (Agencies): Saudi Arabia and the United Arab Emirates introduced value- added tax from Monday, a first for the Gulf which has long …

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Low-income expats squeezed out – Local banks ‘toughen’ their credit conditions

KUWAIT CITY, Dec 30: Several local banks in recent months have toughened their credit conditions, especially for personal loans. The daily quoting sources added some …

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Shell gas supply deal with Kuwait

Deal raises many questions concerning free gas discovered in 2005 Independent Oil Analyst Last week, Shell announced that it has reached a long-term agreement with …

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Stock exchange tri-market classification in-line with Kuwait’s ambitions: experts

Move seen ‘crucial’ KUWAIT CITY, Dec 30, (KUNA): Plans to introduce primary, secondary and auction markets to Boursa Kuwait will bring the national stock exchange …

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KIPCO ‘issues’ 7-year KD bond

DUBAI, Dec 28, (RTRS): Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, has completed a KD 100 million ($331 million) seven-year bond …

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