Business
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Kuwait’s GDP plunges 10.6% to hit KD 50.05 billion in 2023
The GDP data revealed a drop in the fourth quarter of 4.6 percent, amounting to approximately KD 621 million, from…
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LuLu Financial Holdings opens its 350th customer engagement center
The new customer engagement center in Dubai is also the 135th under LuLu Exchange, the company’s UAE division. Since its…
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Kuwait’s foreign exchange reserves hit KD 12.98 billion by May’s end
Kuwait’s gold reserves stayed at 79 tons, valued at KD 31.7 million based on purchase prices. The Central Bank of…
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Credit card spending surpasses one billion dinars in Q1 2024
Points-of-sale spending comprised 52.5% of Q1 2024’s total credit card expenditure, with a 7.8% increase to 552.1 million dinars from…
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MFI signs KD12.8 million Kuwait aviation deal for meteorology upgrade
In addition to the cutting-edge technical solutions, and in line with its global and turnkey approach, MFI will also provide…
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Mongolia keen to boost tourism ties, launch joint ventures with Kuwait: Ambassador
His Excellency Sergelen Purev, the Ambassador of the Republic of Mongolia to the State of Kuwait, highlighted the great interest…
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Diversified business models, strategic restructuring drive debt down to KD 9.45 billion
Financial services sector debt rose from KD 6.85 billion in 2019 to KD 10.09 billion in Q1 2024, a rise…
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MEED lists 5 Kuwaiti companies among the largest in the Middle East
Five Kuwaiti companies have made it to the top positions on MEED magazine’s list of the 100 largest listed companies…
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Kuwait boosts investor confidence with protective measures
To simplify matters, state investment contracts usually favor the government’s rights, which has reduced investor interest, especially in lower-yield projects.…
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Gulf healthcare spending set to reach $135 billion by 2027
At a time when governments in the Middle East are seeking to increase localization to achieve self-sustainability in the healthcare…
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