Tuesday 1 September 2015
 
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Kuwait trade surplus sinks to 6-year low

Kuwait’s trade surplus fell to a six-year low of KD1.7 billion ($5.6 billion) in the first quarter of 2015, or an annualized 20 per cent of projected GDP in 2015 as oil export revenues continued to tumble, a report said. The

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Banks lead H1 earnings growth in Kuwait

Kuwait’s banking sector recorded a solid growth of 13 per cent during the first half (H1) of the year, benefiting from an improving operating environment and healthy growth in credit, a report said. With such results, bank p

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NBK net profit increases 12.8pc to $541m

National Bank of Kuwait (NBK) has reported net profits of $541 million (KD163.4 million) for the first half of the year, compared with $479.4 million for the same period last year,  up 12.8 per cent year-on-year. The NBK Grou

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Kuwait non-oil growth steady at 5pc

Kuwait’s non-oil growth will maintain a steady 5 per cent in 2015 and 2016 as project implementation improves, a report said. Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collaps

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Kuwait non-oil growth steady at 5pc

Kuwait’s non-oil growth will maintain a steady 5 per cent in 2015 and 2016 as project implementation improves, a report said. Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collaps

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Mezzan’s oversubscribed offering raises $217m

Leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf Mezzan Holding’s private placement of a secondary offering of 30 per cent has been oversubscribed more than two times. The

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Kuwait’s credit growth fails to resume strength

Kuwait’s resident credit growth improved to KD96 million ($317 million) in February, remaining relatively modest, with growth rising slightly to 6.4 per cent year-on-year (y/y), a report said. Growth in household borrowing w

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Kuwait’s trade surplus down 18pc over cheap oil

Kuwait’s trade surplus slipped in 2014 for the first time in six years, falling by 18 per cent to KS19.8 billion ($65.5 billion), mainly due to lower oil export receipts, a report said. A decline in non-oil export earnings a

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NBK Q1 net profit up on Qatar stake sale

National Bank of Kuwait (NBK), the country's largest commercial lender, reported a 15 per cent rise in first-quarter net profit, according to a bourse filing on Tuesday, boosted by income from the sale of its stake in a Qatari bank.

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Kuwait's real estate sales down for second month

The sales in Kuwait’s real estate market were down in January for the second consecutive month hitting KD312 million ($1.04 billion) on slower residential and investment sector activity, said a report. Compared to the same m

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