Thursday 2 April 2015
 
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Kuwait

Pertamina defers three diesel cargoes from Kuwait

Indonesia's Pertamina has failed to lift about 270,000 tonnes of diesel from long-term supplier Kuwait Petroleum Corp this year, as demand for the fuel has dipped in Indonesia and on supply disruption in Kuwait, industry sources said.

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Nations pledge $3.8bn for Syria humanitarian crisis

Countries have pledged $3.8 billion to help with the humanitarian crisis in Syria, United Nations Secretary General Ban Ki-Moon said at a summit in the Kuwaiti capital on Tuesday. The United Nations is seeking to fund aid efforts

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Kuwait's real estate sales down for third month

The sales in Kuwait’s real estate market plunged for the third consecutive month in February to KD221 million ($734 million), down 17 per cent year-on-year (y/y) compared to the same month last year, said a report. The short

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Jazeera Board recommends record dividend

Jazeera Airways, a Kuwait-based airline, recommended record dividends and payments to shareholders totalling up to KD50 million ($166.4 million) in the form of special dividends for 2014 and a share buyback programme. All payments

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Kuwait oil shipments unaffected by Yemen operations

The passage of Kuwait oil tankers off the coast of Yemen has not been affected by military operations there, a spokesman for Kuwait Petroleum Corp (KPC) was quoted as saying by state news agency Kuna.  

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Kuwait to showcase $2bn tourism projects at ATM

Kuwait will be showcasing over $2 billion worth of investment in the tourism sector at the Arabian Travel Market (ATM) in Dubai, UAE, this May. Kuwait’s goal of welcoming one million tourists will be their focus at ATM as th

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Agility trims dividend despite 10pc Q4 profit gain

Kuwait's Agility, the largest Gulf logistics group, trimmed its dividend payout for 2014 despite reporting a 10 per cent increase in both its fourth-quarter and full-year net profit. The firm said in a statement on Sunday its

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Kuwait reassures citizens on strategic food stocks

Kuwait has said that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen. "We are continually coordinating with the private

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Saudi, Kuwait to strengthen security after Yemen strikes

Top oil exporter Saudi Arabia and Gulf Opec ally Kuwait will beef up security around their oil facilities, they said, after they and other Arab allies began a military operation in Yemen. Warplanes from Saudi Arabia and Arab allie

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Kuwait may offer stock market stake to foreign operator

The Kuwait Stock Exchange may offer up to 44 per cent of its shares to a company that has experience in operating bourses when it goes public, a senior government official told Reuters on Thursday. Such a move, which still require

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