Kuwaiti traders staged another walkout Sunday and staged a protest outside the stock market as shares in the oil-rich Gulf region plunged in panic over a global recession. The traders, who deserted the stock market on the week's final day...
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Sure, chemical company joint ventures might not suggest mind-blowing excitement. DOW ) and Kuwait Petroleum , I think you'll see a pairing that could do nice things for your portfolio down the road. The venture, dubbed K-Dow Petrochemicals, will have...
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are today executing a phased withdrawal back to their pre-earnings positions...Military intelligence I know this goes against the grain of Wall Street Wisdom , but a lot of defense contractors look like screaming "buys" right now, and to my ear,...
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Abdullah al-Hajiri says some 500 Kuwaitis were prepared to demonstrate Monday, but he persuaded them to instead send a small delegation to the emir's palace. He says palace security promised they would get an appointment...It has been on a downward...
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Arab League Secretary-General Amre Moussa, right, and Indian Foreign Minister Pranab Mukherjee pose before the India-Arab Forum Partnership Through Culture in New Delhi, India, Tuesday, Dec.
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Gulf stock markets recorded gains in quiet trading on Tuesday for the second day as world markets showed further signs of recovery. "There has been a moderate rebound across the Gulf markets partly because of optimism in world markets. It...
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The protests were the first of their kind in the oil-rich Gulf as the region’s markets have followed international trends and fallen heavily in spite of the Middle East’s petrodollar-fuelled growth.
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Shuaa Capital tumbled 8.49 per cent on reporting a quarterly loss due to write down related to the collapse of Lehman Brothers. Kuwait's main index closed lower for a sixth session as investors worry a global financial crisis will take...
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Kutayba Al Ghanim replaced his brother Bassam Al Ghanim as chairman of Gulf Bank after depositors on Monday started to withdraw deposits from the stricken bank – the first known bank run in the region during the crisis – despite...
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The Cabinet held its weekly meeting at Al-Seif Palace Monday under the chairmanship of HH the PM Sheikh Nasser Al-Mohammad Al-Sabah. Commencing the meeting, the premier briefed the Cabinet members on the planned visit of HH the Amir Sheikh Sabah...
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