Monday 25 September 2017
 
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NBK

Kuwait current account surplus narrows in Q1

Kuwait’s current account surplus fell for the first time in three quarters at the start of 2017, narrowing from KD600 million ($1.98 billion) in the fourth quarter of 2016 (4Q16) to KD300 million in 1Q17, a report said. The

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Kuwait property market picks up in H1

Kuwait’s real estate market activity improved significantly despite some volatility during the first half of the year (1H17) compared to the second half of 2016, though it remained down 10 per cent compared to a year before, a report said.

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Clifford Chance advises NBK on GMTN programme

Clifford Chance has advised National Bank of Kuwait (NBK) on the establishment of its $3 billion Global Medium Term Note (GMTN) programme and its inaugural Rule 144A/Regulation S international debt capital markets issuance thereunder. &nb

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NBK to help customers buy property in UAE

National Bank of Kuwait (NBK), the country's leading lender, is offering a golden opportunity to customers to buy a property in UAE through a new mortgage service, financing up to 70 per cent of the property value. “In a

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Kuwait awards $3.4bn project contracts in Q3

Kuwait’s projects market maintained its relatively healthy momentum in the third quarter with the government awarding contracts worth KD1 billion ($3.4 billion), up 15 per cent by KD129 million ($426 million) over the previous quarter.

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Kuwait set to award $27bn contracts this year

Kuwait’s projects market continued to expand in the second quarter of this year in spite of the low oil prices and the state is expected to award another KD8.4 billion ($27 billion) worth of contracts before year-end, a report says.

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NBK net profit surges 7.2pc in Q2

National Bank of Kuwait (NBK) , the Gulf Arab state's largest commercial lender, fell short of analysts' forecasts despite reporting a 7.2 per cent rise in second-quarter net profit on Sunday. The bank made a net profit of

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait inflation down to 2.8pc in May

Kuwait’s inflation in consumer prices eased to 2.8 per cent year-on-year (y/y) in May, mainly due to softer food inflation, a report said. Core inflation (which excludes food prices) came in marginally higher at 3.0 per cent

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