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    Latest News

    Kuwait posts KD 1.6bn deficit

    KUWAIT: Kuwait public finances have returned to the red after posting a budget deficit of KD 1.6 billion in the fiscal year 2023/2024 which ended on March 31, the finance ministry said on Wednesday.

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    Egypt's stability returns; new govt can build on reform momentum

    KUWAIT: It did not take long for the Egyptian authorities to capitalize on the economic reforms that took place in March, with the appointment in July of a new Cabinet welcomed locally and regionally and injecting fresh optimism for the first time in years.

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    S&P affirms Burgan Bank’s ‘BBB+/A-2’ credit ratings with a ‘stable’ outlook

    KUWAIT: Burgan Bank announced that Standard & Poor’s Global Ratings (S&P) has affirmed its long-term and short-term issuer credit ratings at “BBB+/A-2” with a “stable” outlook, reflecting its expectations that the Bank’s financial profile will remain broadly solid.

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