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Dollar loans are less expensive for Gulf borrowers

Dollar loans are less expensive for Gulf borrowers

The benchmark interest rate for three-month dollar borrowing, “LIBOR”, is now between 52 and 71 percent less than its counterparts for the same entitlement to borrowing interest rates in most Gulf currencies. According to the monitoring unit of the reports in the “Al Eqtisadiah” newspaper, the three-month interest rate offered …

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Kuwait: Our fenders sucked the oil price crash

Kuwait: Our fenders sucked the oil price crash

Kuwaiti Prime Minister Sheikh Sabah Al-Khaled Al-Sabah said that the health crisis due to the Coronavirus caused a major collapse in oil prices and global markets in which the State of Kuwait invests its money and portfolios in them, but Kuwait had fenders that absorbed as a result of planning …

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