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Economy

July 19, 2016 at 17:13

Kuwait's economic activity expected to accelerate despite lower oil price: NBK Report

National Bank of Kuwait (NBK)
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Kuwait: Kuwait's economic growth has been resilient despite the lower oil price environment facing the country. Non-oil growth is expected to pick up slightly in 2016 and 2017, driven by public investment and a steady consumer sector, showed an economic report.

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February 3, 2016 at 06:57

Kuwait ranks 74th in economic freedom index

Kuwait ranks 74th in economic freedom index
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Kuwait: Kuwait retained its 74th rank globally in the latest economic freedom index released by the Heritage Foundation. Kuwait earned a score of 62.7 out of 100, putting it as a ‘moderately free’ country ahead of France, Saudi Arabia and Turkey, and with states like Poland, Belgium, and Spain in the same category. Kuwait made only a 0.2 improvement compared to last year’s index.

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February 1, 2016 at 13:07

Subsidy cuts wont affect low-income Kuwiati citizens

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Kuwait: The National Assembly bureau announced yesterday that it will meet with the economic committee of the Supreme Planning Council on Wednesday and with the minister of finance and a team from his ministry on Sunday to discuss the issue of reducing subsidies on commodities and services. The announcement came after a meeting of the Assembly bureau chaired by speaker Marzouq Al-Ghanem, which comes ahead of a scheduled Assembly debate to study government plans to reduce or lift subsidies on public services and commodities.

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November 24, 2014 at 11:22

US dollar stable at KD 0.291 against Kuwaiti dinar

US dollar stable at KD 0.291 against Kuwaiti dinar
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The exchange rate of the US dollars against the Kuwaiti dinar was stable at KD 0.291 on Monday, while the euro was stable at KD 0.360 compared to Sunday.

The Central Bank of Kuwait said in its daily bulletin that the sterling was stable at KD 0.455, the Swiss franc dropped to KD 0.299, and the Japanese yen was unchanged at KD 0.003.

The US dollar had risen this week, attracting large numbers of investors, mainly due to positive reports released by the Federal Reserve about a prominent development in economy.

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