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GCC: Positive outlook despite oil price dipThe fall in oil prices to below $100 per barrel over the past few weeks has triggered some concerns over the potential impact on the Gulf region’s economy. Brent crude prices fell by some 19 per cent from their peak of $119 More… |
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NBK Egypt unit Q1 profit up 15.3pcAl Watany Bank of Egypt (AWB), a subsidiary of National Bank of Kuwait Group (NBK) in Egypt, has reported a net profits of EGP86.6 million in the first quarter, up 15.3 per cent compared to EGP75. More… |
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Kuwait trade surplus hits record $75bn in 2012Kuwait’s trade surplus reached an all-time high of KD25.9 billion ($74.5 billion) in 2012, surpassing the previously set record level of KD21.2 billion in 2011, a report said. The surplus, estimated at around 53 per cent of More… |
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NBK receives top S&P ratingStandard & Poor’s, the international credit rating agency, has affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+, the highest in the Middle East. Earlier this month, Moody’s Investors Ser More… |
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Kuwait March real estate sales hit $1.02bnThe real estate sales in Kuwait registered a solid 19 per cent year-on-year (y/y) growth in March to hit KD293 million ($1.02 billion) after two months of weak sales, said a report. The residential sales totaled KD149 million in M More… |
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Qatar economic growth slows to 6pc in 2012Qatar’s economic growth in 2012 slowed to 6.2 per cent year-on-year in real GDP terms down from 13 per cent y/y in 2011as growth in hydrocarbon output stalled, according to a report by National Bank of Kuwait. More… |
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NBK net profit flat in Q1, beats estimatesNational Bank of Kuwait , the Gulf state's largest lender, reported a net profit of KD81.3 million ($285.5 million) for the first quarter of the year, compared to KD81.0 million in the same period a year ago. Analysts in a Reuters s More… |
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Kuwait budget surplus to top $50bn in 2012-13An oil price of between $101 and $118 per barrel in 2013-14 could generate a budget surplus for Kuwait of up to KD16 billion ($56 billion) next fiscal year, following a surplus of KD14 billion ($50.4 billion) in 2012-13, a report said. More… |
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Egypt court overturns freeze on assetsAn Egyptian court overturned on Wednesday a public prosecutor's decision to freeze the assets of 23 investors and officials, including several from the Gulf, who are under investigation for alleged stock market manipulation More… |
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NBK approves 30pc cash dividends to investorsNational Bank of Kuwait (NBK) said it plans to distribute cash dividends equivalent to 30 per cent of the nominal value of the share (30 fils per share) and bonus shares by 5 per cent (5 shares for every 100 shares) to sharehol More… |
