Monday 29 December 2014
 
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Economic Update

Private sector drives GCC bond issuance in H1

Driven primarily by the private sector, bond issuance in the GCC increased 13.2 per cent year-on-year during the first six months of the year, with the total worth of debt securities reaching $30.1 billion, a report said. The priv

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Qatar project activity picking up pace in 2013

Thirty-five contracts worth approximately $27.5 billion were awarded in Qatar during the first half of 2013, a report said, highlighting that it is an increase of nearly 30 per cent on the value of contracts awarded in all of 2012.

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Kuwait credit growth hits 6.4pc, fastest in 3 years

Total bank credit in Kuwait rose by a strong KD290 million ($1.01 billion) in May to KD27.8 billion, with year-on-year (y/y) credit growth accelerating to 6.4 per cent, the fastest pace since the slowdown of late-2009, a report said.

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Kuwait ‘could see a budget surplus of $28bn’

An oil price of between $94 and $100 per barrel in the financial year 2013/14 could generate a budget surplus for Kuwait of between KD8 ($28 billion) and KD11 billion this fiscal year, a report said. Although the closing accounts

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