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Business

Most MENA markets end July in green zone – Positive quarterly earnings led to increased investor activity

KUWAIT CITY, Aug 7: Kuwait Financial Centre “Markaz” recently released its Monthly Market Research report. In this report, Markaz examines and analyzes the performance of …

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Al Mazaya Holding buys 50% stake of Ritim Istanbul project

KUWAIT CITY, Aug 7: Al Mazaya Holding has acquired the remaining 50 percent stake of Ritim Istanbul project in Turkey, raising its share of the …

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ALAFCO acquires portfolio of nine passenger aircrafts

KUWAIT CITY, Aug 7, (KUNA): Aviation Lease and Finance Company (ALAFCO) announced Sunday that it has completed the acquisition of a nine-aircraft portfolio from GE …

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Al-Tijaria achieves net profit of KD 5.3 mln in 2nd Quarter – Growth in shareholders, equity 5.4 pct

KUWAIT CITY, Aug 6: Abdulfatah M. R. Marafie — Chairman of The Commercial Real Estate Company ‘Al Tijaria’ has stated that the business outcome of …

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Amazon unveils its first cargo plane

SEATTLE, Aug 5, (AP): Seattle-based Amazon is unveiling its first branded cargo plane, one of 40 jetliners that will make up the e-commerce giant’s own …

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Bank of England cuts rates to record low of 0.25% on Brexit – Central bank to buy 60 billion pounds of govt debt

LONDON, Aug 4, (RTRS): The Bank of England swung into action on Thursday against the economic shock from Britain’s vote to leave the European Union, …

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Ahli United Bank logs record H1 profit of $301.2 million

KUWAIT CITY, Aug 3: Ahli United Bank B.S.C. (AUB) reported a record net profit of $301.2 million attributable to its equity shareholders for the half …

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Kuwait’s new budget keeps spending unchanged – By National Bank of Kuwait

KUWAIT CITY, Aug 2: The National Assembly recently approved the budget for the fiscal year 2016/17 (FY16/17) with an official deficit projection of KD 8.7 …

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Jazeera Airways registers KD 6 mln net profits in H1

KUWAIT CITY, Aug 1, (KUNA): Jazeera Airways on Monday announced its second quarter financial results, reporting Q2 operating revenues of KD 24.7 million and a …

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Standard & Poor’s affirms NBK’s A+ rating

KUWAIT CITY, July 31: Standard & Poor’s Ratings Services affirmed its ‘A+/A-1’ long- and short-term counterparty credit ratings on National Bank of Kuwait (NBK). The …

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