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Business

Inflation revised down to 1.4% in June

Revised CPI statistics reveal significantly lower inflation in recent months. Inflation came in at 1.4% year-on-year (y/y) in June following a revamp of the CPI. …

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Improved activity keeps prices steady in H1

Increased volatility in real estate activity dominated the first half of 2017 amid steadying prices. Despite some volatility, market activity improved significantly during the first …

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Keep your valuables safe with AUB – Deposit lockers from bank are the best choice for customers

KUWAIT CITY, Aug 7: To meet the requirements of customers during the summer and the current travel season, Ahli United Bank (AUB) announces its ability …

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Kuwait bourse records modest rise; volume up – Ooredoo jumps 42 fils; Jazeera drops

KUWAIT CITY, Aug 7: Kuwait stocks swung higher on Monday following pullback last session’s pullback. The bourse climbed 25.43 points in volatile trade to 6,837.42 …

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Zain posts stable net income of KD 82m for H1 – Revenues reach KD 508 million with EBITDA margin of 41.7% for first half of 2017

KUWAIT CITY, Aug 6: Zain Group, the leading mobile telecommunications pioneer with operations in eight markets across the Middle East and Africa, announces its consolidated …

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Kuwait stock index dips; volume hits 1-month low – Agility falls 10 fils; KFH gains

KUWAIT CITY, Aug 6: Kuwait stocks slipped into red on Sunday as it kicked off the week on a dour note. The price index, after …

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Apple’s China problem highlights conundrum for technology sector – Removal of VPN apps could ramp up popularity of iPhone rivals powered by Android

SAN FRANCISCO, Aug 6, (AFP): Apple’s decision to bow to Chinese officials by removing apps to sidestep online censorship underscores the dilemma faced by US …

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Agility reports 12% increase in Q2 earnings – EBITDA grows 14% to KD 32.6mn, revenue rises 10.9% to KD 342.1mn

KUWAIT CITY, Aug 5: Agility, a leading global logistics provider, today reported second-quarter earnings of 13.4 fils per share on net profit of KD 16.8 …

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Oil on right track with the current price level – Prices to remain stable at $50/barrel

Oil prices are starting to settle at the $50 level and perhaps moving towards $55 per barrel by the end of this year. For this, …

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Toyota, Mazda plan $1.6 bln US plant, to partner in EVs – Q1 net profit up, boost Toyota’s FY forecast

TOKYO, Aug 5, (Agencies): Japanese automakers Toyota Motor Corp. and Mazda Motor Corp plan to spend $1.6 billion to jointly build auto manufacturing plant in …

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