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In a generally calm week after the Fed hawkishly hiked interest rates, the future pace of monetary tightening is unknown. Oil prices tumbled to 15 month lows pushing down treasury yi... >>
Boeing and Kuwait-based ALAFCO Aviation Lease and Finance Company on Monday announced a commitment for 20 737 MAX 8s at the 2017 Paris Airshow, valued at $2.2 billion at current list... >>
Kuwait Investment Authority (KIA) withdrew about $1.1 billion from its investments in US treasury bonds last April, reports Al-Seyassah daily quoting sources. Sources revealed the va... >>
GCC economic growth is expected to pick up gradually between now and 2019, but oil production cuts continue to weigh on recovery, according to a World Bank report. Growth will rise f... >>
Kuwait’s tightened monetary position and its second consecutive budget deficit in fiscal year 2016/17, has not dampened the tempo of Kuwait’s infrastructure development p... >>
The World Bank said on Thursday that 2016 economic growth in Kuwait climbed at a "modest" pace to three percent due to higher oil production and the implementation of major... >>
Kuwait refrained from following the US Federal Reserve’s interest-rate increase for the first time since 2015, citing “modest” economic growth in the Gulf country h... >>
The cost of mortgages in Saudi Arabia, the UAE and Bahrain are set to rise this week following the decision in the US Federal Reserve’s interest-rate increase for the first tim... >>
The Central Bank of Kuwait (CBK) decided to keep the discount rate at its current value 2.75 percent, a fixed rate since March 16. CBK's board of directors decided to continu... >>
Source close to OPEC said Monday that the retreat in oil prices would continue if the global supplies maintained its surplus. The source, preferring anonymity, told KUNA that the sup... >>
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