Sunday 22 July 2018
 
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Kuwait

Kuwait's sovereign credit ratings get stable outlook

Leading ratings agency S&P Global Ratings has affirmed its 'AA/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Kuwait with a stable outlook.   The stable outlook refl

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Gulf Bank's net profit surges 18pc in H1

Gulf Bank, one of the largest banks in Kuwait, has registered a net profit of KD27 million ($89 million) for the first six months of 2018, thus registering an 18 per cent increase over the same period last year. Announcing its fin

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Burgan Bank H1 profit hits $168m

Kuwait-based Burgan Bank Group announced today reported KD50.5 million ($168 million) net income for the first half of this year, a growth of 30 per cent compared to the same period last year.    During the

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Jumeirah Messilah Beach Hotel launches summer offers

Those looking for an escape this summer and have eyes on a memorable stay or a day of fun closer to home can make Kuwait's Jumeirah Messilah Beach Hotel & Spa their destination of choice. The resort is the epitome of luxur

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Kuwait inks $48.5m infrastructure projects deal

Kuwait has awarded contracts worth KD14.72 million ($48.5 million) for infrastructure development including construction and maintenance of roads and bridges besides several key waterways and sewerage projects in the capital, said a report.

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Kuwait's $3bn causeway project enters fast-track

Kuwaiti authorities said that work on Subiya link of the Sheikh Jaber Al Ahmad Al Sabah Causeway project was moving at a steady pace with the last component of its structure set to be installed by the end of the month, said a report.

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Kuwait’s Wataniya Airways to add 25 A320neo aircraft

Golden Falcon Aviation, the exclusive aircraft provider of Wataniya Airways, has confirmed an order for 25 Airbus A320neo family aircraft.   The order follows an earlier MoU announced at last year’s Dubai A

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Weatherford to sell drilling rigs business in Mideast

Weatherford, a top oilfield service firm, has signed an agreement with ADES International Holding for the sale of its land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq for $287.5 million.

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Weatherford to sell drilling rigs business in Mideast

Weatherford, a top oilfield service firm, has signed an agreement with ADES International Holding for the sale of its land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq for $287.5 million.

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Pure Gold opens 7 stores in UAE, Kuwait and Oman

Pure Gold Jewellers, an award-winning jewellery retailer, has opened seven new concept stores in the UAE, Kuwait and Oman. The new stores are located in the UAE at Al Ain Mall, World Trade Centre and Yas Mall in Abu Dhabi, Sahara

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