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Kuwait index hits new high; Egypt tumblesKuwait's index hit a fresh six-week high on optimism about third-quarter results on Wednesday, while Egyptian stocks, hit this week by concerns over political stability and global markets, fell for a fourth session in lacklustre trading. More… |
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CBK Q1 net profit tumbles 90.8pcCommercial Bank of Kuwait (CBK) posted a 90.8 per cent fall in first-quarter net profit, it said on Sunday. Net profit in the first three months to March 31 came in at KD3.14 million ($10.77 million) compared with KD34.1 million in the sam More… |
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Global stocks at 2-year low, euro tumblesInvestors dumped euros and shares on Friday as US economic troubles made bets on growth elsewhere look too risky, sending stocks to their lowest in two years while triggering a surge in safe-haven government bonds. The ratcheting up of fea More… |
