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KUWAIT: Overall net profits of Kuwaiti firms listed on the Kuwait Stock exchange plummeted by more than 90 percent last year due to the global economic meltdown, an economic study said.
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Kuwait loses KD 9 billion in downturn |
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KUWAIT: MPs quoted head of the Kuwait Investment Authority (KIA) that Kuwait?s foreign investments have dropped by KD 9 billion ($30.9 billion) as a result of the global economic downturn.
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Kuwait loses KD75 million daily |
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KUWAIT: The Kuwait Economic Society criticized the government recently, warning that its lack of response to the economic turmoil in the stock market had led to a KD 4 billion loss.
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Kuwait makes banks the top priority |
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KUWAIT: Kuwait’s central bank said its top priority was to improve confidence in the banking sector at a time of global financial turmoil rather than to fight surging inflation. Central banks across the world’s biggest oil-exporting region have intervened in their banking sectors to boost liquidity as a credit crisis in the west has driven up market interest rates and reduced available funds.
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