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Kuwait News Update March 22, 2018

March 22, 2018

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Battalion chaplain, 1st Lt. Euy Suk Cho, helped initiate the program. “Personally, I love this program. I get the chance to learn more about the individual soldier's story and increase my ability to effectively serve my battalion as the chaplain,” he said. Second Lt. Jakob C. Stewart, raised in Aurora, wants …

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(Bloomberg) — Kuwait raised its key interest rate on Wednesday for the first time in a year, tracking a quarter-point increase in the U.S. Federal Reserve … Gulf Arab central banks that peg their currency to the dollar typically follow Fed decisions in lockstep, but Kuwait pegs its dinar to a basket of …

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US aeroplane manufacturer Boeing is among the companies set to open a permanent office in the country as the aviation market expands. Plans for the new airport come as Kuwait International Airport continues to suffer from traffic congestion. Kuwait Airways Company CEO Ibrahim Al-Khuzam said last …

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Foreign direct investment (FDI) is still underdeveloped in the country, and now is the right time to invest in Kuwait, the prime minister noted. Kuwait, which gets 90 percent of its government revenues from oil, has been slow to diversify its economy because of its high capital reserves and because it has …

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Kuwait's central bank raised the discount rate to 3 percent to keep the dinar competitive, according to an emailed statement. The United Arab Emirates and Bahrain also put up their benchmark rates shortly after the widely anticipated Fed decision to lift the federal funds rate target range to 1.5 percent to …

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Governor and Chairman of the Board of Directors of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel. KUWAIT, March 21 (KUNA) — Governor and Chairman of the Board of Directors of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel emphasized Wednesday that the main …

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DUBAI: Kuwait's oil minister said on Thursday that Kuwait Petroleum Corporation (KPC) had signed an agreement with an international firm for long-term supply of liquefied natural gas (LNG), state news agency KUNA reported. Bakheet Al-Rashidi did not mention the name of the company, describing it …

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… that the government would put in place the infrastructure for the city at an estimated cost of $600 million and would target around $6 billion in investments from the private sector to develop the bulk of the project. The industrial city, to be located 70 km west of the capital Kuwait City, will include industrial …

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DUBAI, March 21 (Reuters) – Kuwait's central bank said on Wednesday it was raising its discount rate by 25 basis points to 3 percent. Its move followed the U.S. Federal Reserve's decision to hike rates by 25 bps. (Reporting by Andrew Torchia Editing by Mark Heinrich). Our Standards:The Thomson …

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Shares in the Az-Zour North Independent Water & Power Project would be offered to the country's public, after regulators approve the prospectus. The desalinization and energy developments are located in Az-Zour, which is located south of Kuwait City. The Kuwait government plans to offer up to 50% of …

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WEB
21.03.18Press Release: CBK Raises Discount Rate by a Quarter Percentage Point to 3% From

21.03.18 His Excellency the Governor and Chairman of The Board of Directors of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced that CBK Board of Directors decided to raise the discount rate by a quarter percentage point to 3% from 2.75% effective from 22-3-2018.

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Jordan v Kuwait

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