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March 10, 2021

GCC banks continue to tap the bond markets at a brisk pace in 2021 as they try to take advantage of low interest rates amid prospects of economic recovery. The impact of COVID-19 on earnings have spurred banks to raise...

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March 9, 2021

All major Kuwaiti banks reported their financial results for the fourth quarter of 2020 and that of the whole year. As expected, all the banks reported a reduction in net profits for 2020 compared to that of 2019 mainly due...

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February 18, 2021

International debt sales by sovereigns and corporates in the Gulf region topped a record USD 100billion issuance in 2020 as governments raised capital to cover their widening deficits and corporates latched upon the opportunity to strengthen their balance sheets amid...

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February 9, 2021

Central Bank of Kuwait (CBK) has been at the forefront and took various measures to limit the impact of COVID-19 pandemic on Kuwait economy and the banking sector. Some of the key measures taken by the central bank include reduction...

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January 14, 2021

Technology stocks benefit from the pandemic and significantly outperform the benchmark index The top tech companies in the world were among the big winners with the pandemic accelerating the adoption of technology. Apple, Amazon, Netflix, Google, Facebook and Microsoft stocks...

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January 13, 2021

Oil markets were hit hard by Covid-19 pandemic and suffered losses of 21.5% in 2020. US Oil prices even went negative for a brief period in April. However, the markets initially staged a ‘relief rally’ from the lows in April/May...

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January 12, 2021

GCC stocks staged a strong recovery towards the end of the year after seeing a sharp fall in March and April due to oil prices crashing and fears of sharp economic slowdown due to Covid-19. The benchmark S&P GCC Composite...

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January 10, 2021

Global stocks staged a quick recovery from the March lows The year began with global stock markets reaching new highs in February. However, global markets saw massive falls in March as the COVID-19 outbreak became a global pandemic. At its...

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December 24, 2020

This article was first published in Islamic Finance News dated the 22nd December 2020 We live in times where consumers are increasingly aware of their choices and demand that values and purpose are embedded into products that they consume. In...

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December 9, 2020

Kuwait Earnings November saw a number of blue chip companies in Kuwait and GCC declare their financial results for the third quarter (Q3) of 2020. The earnings of Kuwaiti blue chip companies saw a decrease in Q3-2020 compared to that...

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