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WB Official: Kuwait has ample opportunity to advance economic reforms

– World Bank Regional Director for the Gulf Cooperation Council Issam Abousleiman said the rising prices of oil and improved financial revenues offered the State of Kuwait “a golden chance” to press ahead with the economic reforms in the short run.Kuwa…

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CBK Governor reaffirms commitment to foster national cadres

Governor of the Central Bank of Kuwait (CBK) Basel A. Al-Haroon said Thursday the CBK will continue supporting the talented cadres to play an effective in backing the national economy.The CBK and the Institute of Banking Studies (IBS), in cooperation w…

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USD drops to KD 0.305, EURO up to KD 0.326 — CBK

The US dollar on Tuesday dropped to KD 0.305, while the Euro climbed by 0.66 percent to reach KD 0.326 compared with Monday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound stabilized at KD 0.384, while th…

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Representative of Prime Minister meets ICRC chief in Davos

Representative of His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Foreign Minister Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah met on Tuesday with President of International Committee of the Red Cross (ICRC) Peter Maurer.The …

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Kuwait oil price rises to USD 118.98 pb

Kuwait oil price rose by USD 1.40 to USD 118.98 per barrel on Monday against USD 117.58 pb on Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday.In international markets, forward Brent crude contracts climbed 87 cents to settle at USD 113.42 a…

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Kuwait’s April trade surplus with Japan up 82.7 pct

Kuwait’s trade surplus with Japan surged 82.7 percent from a year earlier to JPY 82.0 billion (USD 638 million) in April, up for the 13th consecutive month thanks to high export bills, thanks to robust exports, government data showed Thursday.Kuwait po…