Capital Intelligence raises Kuwait Finance rating to A+
KUWAIT CITY : One of the major rating agencies in the Middle East, Capital Intelligence, has stepped up the financial power of Kuwait Finance House (KFH) to reach A+. This reflects the fine quality of
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  Agility wins Borouge deal
KUWAIT CITY : Borouge, a leading provider of innovative, value creating plastics solutions, has today awarded a service contract to Agility (Abu Dhabi) PJSC to build the Borouge Compound Manufacturing
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  Iran in new oil money move to dodge int’l sanctions
TEHRAN (Agencies): Iran’s government has ordered the state oil company to deposit oil revenues only in selected banks in a bid to dodge toughening sanctions over its nuclear drive, local media reporte
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  Abu Dhabi fund eyes stake in Daimler
FRANKFURT (Agencies): Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund which has bought into Citigroup, is interested in buying a large stake in Daimler, the German Foc
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  UBS joins Citi, Merrill after $18.6b securities buyback
WASHINGTON (Agencies): Swiss banking giant UBS joined Citigroup, Merrill Lynch and other major banks Friday as US regulators announced it had agreed to buy back $18.6 billion’ worth of stressed securi
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  Oil’s drop likely to spur Wall Street rebound as investors focus on CPI
NEW YORK (Agencies): Wall Street may extend its recovery push next week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth. The precipitou
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  Experts optimistic of KSE ability to attract investors
KUWAIT (KUNA): Financial analysts have expressed optimism in the ability of Kuwait Stock Exchange (KSE) to attract foreign investments, one month after the issuance of guidelines pertaining to amendme
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  OPEC holds its nerve as oil prices drop nearly 20 percent in a month
DUBAI (RTRS): OPEC has held its nerve while oil prices have dropped nearly 20 percent in a month and the producer group is expected to let the market slide further before taking any action to cut outp
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