Tuesday 2 September 2014
 
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Kuwait

Viva Kuwait aims to list by year-end: chairman

Viva Kuwait, the country's second biggest mobile phone operator by subscribers, plans to list on the Kuwait Stock Exchange by year-end, nearly six years after it completed an initial public offer of shares, the company's chairman said on

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China to buy larger share of GCC exports

Gulf Co-operation Council (GCC) export to China is growing in Saudi Arabia, Qatar, UAE and Oman and is set to increase in Kuwait next year, according to an expert. A deal announced in mid-August between Kuwait Petroleum Corp (KPC)

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Viva Kuwait wins regulator's approval for listing

Viva Kuwait, the country's number-two mobile operator by subscribers, has received regulatory approval to list on the local stock exchange nearly six years after it completed an initial public offering, the company said on Sunday.

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Kuwait welcomes third gen BMW X3

BMW has introduced the new BMW X3 with a new sporty design, improved driving dynamics and efficiency along with the four-wheel drive system in Kuwait. The new model is powered by xDrive28i four-cylinder engine with 180 kW/245 hp and the

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Burgan Bank to meet investors ahead of Tier 1 bond

Kuwait's Burgan Bank has chosen banks to arrange meetings with investors ahead of a potential issue of a capital-boosting bond, a document from lead managers said on Thursday, in what would be the first such debt sale from a Kuwaiti entity.

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Earnings in Kuwait flat despite strong bank results

The earnings of Kuwaiti companies were flat, despite a solid performance by banks during the first half of the year, on the back of an improving operational environment and reduced provisioning, boosted overall earnings an offset weakness in oth

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Kuwait export crude falls to $103.4 in July

The price of Kuwait Export Crude (KEC) fell about $5, from $108.2 per barrel (bbl) at the start of July to $103.4 per bbl at the end of the month, said a report. The National Bank of Kuwait report noted that the oil prices retreat

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Nayef Al-Hajraf new Kuwait CMA chief

Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said. He replaces Saleh Al-Falah, who had held the post

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Iran delays London oil conference

Iran has postponed by three months a conference to offer multinationals the rights to develop oil deposits, giving time for sanctions on the country's oil sector to be lifted, a senior official said. "We want to provide for all

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Sinopec shortlists bidders for $20bn retail stake

State-run Chinese oil giant Sinopec Corp has shortlisted 37 bidding consortia for an up to 30 per cent stake in its massive fuel retail unit and plans to choose a winning bidder by end-September, its chairman said. "The reaction fr

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