Thursday 31 July 2014
 
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Kuwait

Global firms eye Kuwait's Americana

Some of the world's major provate equity firms are showing interest in acquiring Americana, the Kuwaiti operator of major food chains. Americana, the operator of KFC, TGI Friday’s, Krispy Kreme and Red Lobster in Kuwait,

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Qurain Petrochemical Q1 profit down 78pc

Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD0.93 million ($3.3 million) for the first quarter of the 2014/2015 financial year ended June 30, 2014, which was a decrease of 77.6 per cent or KD3.2 million ($11.4 m

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NBK Bahrain posts 38pc jump in H1 profit

National Bank of Kuwait - Bahrain (NBK Bahrain), a subsidiary of NBK Group in Bahrain, has reported a net profit of $74.1 million (BD27.9 million) for the first half of 2014 compared with $53.9 million for the same period last year, a growth of

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Warba bank posts profit

Warba Bank has achieved a net profit of KD43,000 ($152,137) by the end of the second quarter 2014 compared to a loss of KD2.141 million for the same period in 2013. The bank's financial statement indicates that the bank has ac

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Kuwait revokes citizenship of 2 opposition figures

The Kuwaiti government has revoked the citizenship of two opposition figures and some of their relatives, the state news agency reported, in a move that could deepen a political crisis in the country. The move comes after the cabi

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KPC scraps move to privatise petrol stations

Kuwait Petroleum Corporation (KPC) has withdrawn its proposal to privatise petrol stations, which was included in its operational budget plan of 2014-2015, a report said. The Supreme Petroleum Council has apparently held discussions abo

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Zain Kuwait posts 2pc decline in Q2 profit

Zain, a leading telecom operator in Kuwait, has reported a two per cent decline in second-quarter net profit on Wednesday, matching analysts' estimates.   The former monopoly, which operates in eight countrie

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NBK net profit hits $514m, up 12pc

National Bank of Kuwait (NBK) has reported $514 million in net profits for the first half of the year, as compared to $456 million for the same period last year, a year-on-year rise of 12.6 per cent.   The NBK Gr

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Kuwait’s construction deals to hit $17.5bn

Kuwait’s construction contracts are set to reach $17.5 billion by the end of the year from $9.8 in 2011 with major infrastructure projects on the line, according to a recent report.   The key infrastru

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Gulf Bank profit up 9pc

Kuwait's Gulf Bank, the country's fourth-largest lender by assets, reported a 9 percent increase in second-quarter net profit on Tuesday. Net profit for the three months to the end of June was 6.87 million dinars ($24.4 mi

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