Business
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Kuwait boosts US Treasury bond holdings by $1.29 billion in May
Kuwait’s holdings of US Treasury bonds reached $46.2 billion by the end of May, up from $44.91 billion at the…
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Digitalization, innovation and diversification underline Zain’s success
PUBLISHED IN COOPERATION WITH The Business Year (TBY) talks to Vice Chairman & CEO of Zain Group, Bader N. Al-Kharafi…
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Kuwait’s inflation climbs 2.84% in June
The inflation rate in Kuwait increased by 0.22 percent in June compared to May. The index for F&B rose by…
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Term deposits in Kuwait reach KD 64.39 billion by May end
Deposit movements dropped KD 3.5 billion in 2024: KD 2.69 billion in up-to-one-month deposits, KD 633.3 million in three-to-six-month deposits,…
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Dinar savings deposits in May drop 5.3% to KD 6.048 billion
Deposits fluctuated in 2024, from KD 5.804 billion in December 2023 to KD 5.781 billion in April 2024. While private…
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Spending on allowances in Kuwait skyrockets 103% in just three years
The budget allocated significant sums for allowances, including KD 295 million for the nature of work allowance, a 21% increase…
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UPAC secures 17-year contract for Al-Messilah Beach project
• Nadia Aqeel, CEO of UPAC, highlighted the project’s potential to boost Kuwait’s tourism sector and expand family entertainment options.…
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Al Muzaini Exchange Company expands presence with new branch in Sulaibikhat
Al-Muzaini Exchange Company, the premier money exchange company in Kuwait, proudly announces the grand opening of its latest branch in…
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Boubyan Bank reports net profit increase to KD 50 million in H1
Boubyan Bank’s net profit surged by 20% in H1 2024. Operating profit reached KD 61 million and total assets grew…
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KOC aims for drilling rig expansion by FY 2025/2026
Current rigs in Kuwait include 86 for drilling and 86 for maintenance and enhancement. The planned increase includes 114 drilling…
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