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01 February 2025

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Kuwait denies bailout package

Kuwait finance minister denied newspapers reports yesterday that the government is considering to set up a multi-

Kuwait asks firms to merge to weather crisis

Kuwaiti firms should consider mergers across sectors to weather the global financial crisis, news agency Kuna quoted

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Central banks in mortgage crisis talks

  Central banks on both sides of the Atlantic are in talks about the feasibility of mass purchases of mortgage-backed

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Forum sought for cruise industry

There is a need for a Gulf-wide association to promote and develop the growing cruise industry in the region, according

Santander considers bond issue

Spain's biggest bank Santander is considering launching a bond issue, taking advantage of a government offer to

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CTC wins Select Group contract

Dubai-based Select Group recently announced that it had awarded its construction contract to the Ras Al-Khaimah-based

Four missing after Turkey ferry sinks

Four passengers remained unaccounted for on Monday after a ferry carrying 95 people sank off Turkey's northwest coast,

Tuareg and Capital buy Etelaf Oil

Tuareg Capital, the private equity group with focus on Libya, and the Bahrain-based financial institution Capital

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RBS to reveal a pre-tax loss of £1bn for H1

The Royal Bank of Scotland (RBS) will this week unveil the biggest loss in the history of British banking due to a

KIA not to bail ailing banks

Kuwait Investment Authority, the Gulf state's sovereign wealth fund, said yesterday it was eyeing investment

Man catches nearly 18-pound lobster

Joseph Ali says onlookers thought he was drunk when he dove into the nighttime waters around a Southern California pier

Doha Bank seeks to issue shares to QIA

Doha Bank, Qatar's third- biggest bank by assets, said yesterday it would seek shareholder approval to raise its