Middle-east Arab News Opinion | Asharq Al-awsat

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The National Bank of Kuwait’s Studies and Research Unit confirmed a decline in yields on Gulf sovereign bonds in parallel with a decline in risks and a rise in oil prices. (Getty Images)

Issuances of GCC Public Debt Total 415 Bn Dollars

by Mutlaq Muneer | Oct 17, 2017 | Business

London – A report issued by the National Bank of Kuwait’s Studies and Research Unit confirmed a decline in yields on Gulf sovereign bonds in parallel with a decline in risks and a rise in oil prices. Gulf Cooperation Council debt issuance picked up in the...

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A general view of Kuwait City in this November 10, 2012 file photo. (Reuters/Stephanie Mcgehee/Files)

Kuwait’s budget surplus makes austerity a hard sell

by Asharq Al-Awsat | Feb 11, 2014 | Business

Kuwait, Bloomberg—Kuwait’s budget surplus adds up to almost 40,000 US dollars per citizen, one reason it’s hard to convince people like Nouf Mohammed that the government should spend less on services and subsidies for her. Mohammed, 36, an accountant, says...

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Hyundai Heavy Industries will build the first phase of the project, which comprises a 1,500 megawatt natural gas-fired power plant and seawater desalination plant (AFP).

Kuwait: $1.4 bn in financing for major power project

by Asharq Al-Awsat | Dec 15, 2013 | Business

Kuwait City, Reuters—Kuwait is set to secure 1.43 billion US dollars in financing from a consortium of banks for a power and desalination plant, one of the major projects in the Gulf Arab state’s development plan, National Bank of Kuwait (NBK) said. The Az-Zour...