Wednesday 24 August 2016
 
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Kuwait set to award $27bn contracts this year

Kuwait’s projects market continued to expand in the second quarter of this year in spite of the low oil prices and the state is expected to award another KD8.4 billion ($27 billion) worth of contracts before year-end, a report says.

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NBK net profit surges 7.2pc in Q2

National Bank of Kuwait (NBK) , the Gulf Arab state's largest commercial lender, fell short of analysts' forecasts despite reporting a 7.2 per cent rise in second-quarter net profit on Sunday. The bank made a net profit of

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait inflation down to 2.8pc in May

Kuwait’s inflation in consumer prices eased to 2.8 per cent year-on-year (y/y) in May, mainly due to softer food inflation, a report said. Core inflation (which excludes food prices) came in marginally higher at 3.0 per cent

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NBK $473.2m capital hike starts on Wednesday

The subscription period for National Bank of Kuwait's proposed capital increase will commence on Wednesday, the Gulf state's largest commercial lender said in a bourse statement. The rights issue will be worth around KD137

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NBK posts 18.2pc slide in Q1 net profit

National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 18.2 per cent fall in first-quarter net profit, it said in a statement on Sunday, as it failed to repeat a one-off gain from an asset sale.

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NBK's capital increase ‘to support business growth’

National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap

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GCC equities rebound after weak start to year

Regional markets like most world equities had a weak start to the year but managed to recover ground by the end of the first quarter of 2016 (1Q16), a report said. Following a dire end to 2015, GCC equities continued to underperfo

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NBK to increase capital by 6.5pc

National Bank of Kuwait’s (NBK) board of directors has agreed to increase the bank’s capital through a 6.5 per cent rights issue. The bank will issue 343.96 million shares at 400 fils per share. The issuance price includes a

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