Kuwait Stock Exchange
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Kuwait Stock Exchange
Boursa Kuwait Securities Co., is the private-sector corporate owner and operator of the Kuwait Stock Exchange (KSE), the national stock market of Kuwait. History Although several share holding companies (such as National Bank of Kuwait (NBK) in 1952) existed in Kuwait prior to the creation of the Kuwait Stock Exchange, it was not until October 1962 that a law was passed to organize the country's stock market. In April 1977, the stock exchange was initiated and it was named as the Kuwait Stock Exchange (KSE) in 1983. The stock market in Kuwait is regulated by four bodies: the KSE, the Ministry of Commerce and Industry, the Ministry of Finance and the Central Bank of Kuwait. On April 24, 2016, the Kuwait Stock Exchange became fully operated by a private company and its name changed to Boursa Kuwait, making it the only stock exchange in the Middle East owned by the private sector. On September 14, 2020, the Boursa Kuwait Securities Co. was listed on Boursa Kuwait, becoming a self- ...
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Kuwait City
Kuwait City ( ar, مدينة الكويت) is the capital and largest city of Kuwait. Located at the heart of the country on the south shore of Kuwait Bay on the Persian Gulf, it is the political, cultural and economical centre of the emirate, containing Kuwait's Seif Palace, government offices, and the headquarters of most Kuwaiti corporations and banks. It is one of the hottest cities in summer on earth, with average summer high temperatures over 45 °C (113 °F) for three months of the year. As of 2018, the metropolitan area had roughly 3 million inhabitants (more than 70% of the country's population). The city itself has no administrative status. All six governorates of the country comprise parts of the urban agglomeration, which is subdived in numerous areas. In a more narrow sense, ''Kuwait City'' can also refer only to the town's historic core, which nowadays is part of the Capital Governorate and seamlessly merges with the adjacent urban areas. Kuwait City's ...
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Federation Of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in Eurasia, although membership in the Federation is open to markets internationally. It was established on 16 May 1995 with 12 founding members. Currently, the FEAS has 43 members which include stock exchanges, post trade institutions, dealers associations, and regional federations from over 30 countries. The Federation's headquarters are located in Yerevan, Armenia. Membership Full members Full members of the Federation of Euro-Asian Stock Exchanges, include: * - Armenia Securities Exchange and the Central Depository of Armenia * - Sydney Stock Exchange * - Belarusian Currency and Stock Exchange * - Cyprus Stock Exchange * - Egyptian Exchange and thMisr for Central Clearing, D ...
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Stock Exchanges In The Middle East
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classes ...
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Organizations Established In 1983
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includ ...
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1983 Establishments In Kuwait
The year 1983 saw both the official beginning of the Internet and the first mobile cellular telephone call. Events January * January 1 – The migration of the ARPANET to Internet protocol suite, TCP/IP is officially completed (this is considered to be the beginning of the true Internet). * January 24 – Twenty-five members of the Red Brigades are sentenced to life imprisonment for the 1978 murder of Italian politician Aldo Moro. * January 25 ** High-ranking Nazism, Nazi war crime, war criminal Klaus Barbie is arrested in Bolivia. ** IRAS is launched from Vandenberg AFB, to conduct the world's first all-sky infrared survey from space. February * February 2 – Giovanni Vigliotto goes on trial on charges of polygamy involving 105 women. * February 3 – Prime Minister of Australia Malcolm Fraser is granted a double dissolution of both houses of parliament, for 1983 Australian federal election, elections on March 5, 1983. As Fraser is being granted the dissolution, Bill Hayden ...
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List Of Stock Exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2016. Some exchanges do include companies from outside the country where the exchange is located. Major stock exchanges Major stock exchange groups (the current top 21 by market capitalization) of issued shares of listed companies ("MIC" = market identifier code). * Note: "Δ" to UTC, as well as "Open (UTC)" and "Close (UTC)" columns contain valid data only for standard time in a given time zone. During daylight saving time period, the UTC times will be one hour less and Δs one hour more. **Applicable for non-closing auction session shares only. S ...
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List Of Mideast Stock Exchanges
This is a list of Asian stock exchanges. In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2020: * Shanghai Stock Exchange, China * Tokyo Stock Exchange, Japan * Hong Kong Stock Exchange, Hong Kong * Shenzhen Stock Exchange, China * Bombay Stock Exchange, India * National Stock Exchange, India * Korea Exchange, South Korea * Taiwan Stock Exchange, Taiwan * Singapore Exchange, Singapore * The Stock Exchange of Thailand, Thailand Asian stock exchanges by UN subregion List of Asian stock exchanges by UN subregion. Central Asia Eastern Asia Northern Asia Southeast Asia Southern Asia Western Asia See also *Federation of Euro-Asian Stock Exchanges *List of stock exchanges References External links Information pages for each of India's stock exchanges at Surf India {{DEFAULTSORT:South Asian Stock Exchanges, List Of Stock Exchanges A stock exchange, securities excha ...
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Economy Of Kuwait
The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world."GDP per capita, PPP (current international $)", World Development Indicators database
World Bank. Database updated on 14 April 2015.
The is the highest-valued unit of currency in the world. According to the , Kuwait is the fifth richest country in the world by
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Souk Al-Manakh Stock Market Crash
The Souk Al-Manakh stock market crash was the 1982 stock market crash of Kuwait's unofficial stock market, the Souk Al-Manakh ( ar, سوق المناخ). The Al-Manakh market was housed in an air-conditioned parking garage in the historic area of Jibla, Kuwait City. The market was specialized in highly speculative and unregulated non-Kuwaiti companies. At its peak, its market capitalization was the third highest in the world, behind only the U.S. and Japan, and ahead of the U.K. and France. Background The large oil revenues of the 1970s left many private individuals with substantial funds at their disposal. These funds prompted a speculation boom in the official stock market in the mid-1970s that culminated in a small crash in 1977. The government's response to this crash was to bail out the affected investors and to introduce stricter regulations. This response unintentionally contributed to the far larger stock market crash of the 1980s by driving the least risk-averse specu ...
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Alarabiya
Arabiya ( ar, العربية, transliterated: '; meaning "The Arabic One" or "The Arab One") is an international Arabic news television channel, currently based in Dubai, that is operated by the media conglomerate MBC. The channel is a flagship of the media conglomerate and is therefore the only single offering to carry the name as simply "Al Arabiya" in its branding. History Launched on 3 March 2003, the channel is based in Dubai Media City, United Arab Emirates. An early funder, the production company Middle East News (then headed by Ali Al-Hedeithy), said the goal was to provide "a balanced and less provocative" alternative to Al Jazeera, which had already found widespread success by then. A free-to-air channel, Al Arabiya broadcasts standard newscasts every hour, as well as talk shows and documentaries. These programs primarily cover current affairs, business, stock markets, and sports. It is rated among the top pan-Arab stations by Middle East audiences.Peter Feuilher ...
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Private-sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multination ...
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Kuwait Times
''Kuwait Times'' is an English-language daily published in Kuwait. It is the first English language paper in the Persian Gulf region. History and profile ''Kuwait Times'' was founded by Yousuf Saleh Alyan in 1961. The 36-page broadsheet provides in-depth reporting on local events and business news, analysis and editorials on local, regional, and international issues, and entertainment and sports news and features. The ''Kuwait Times'' also publishes the ''Friday Times'', a free 80-page tabloid. It was the first tabloid in the country, offering local commentary, news, and analysis as well as entertainment, sports, and comprehensive features. Its 2001 circulation was 28,000 copies. The ''Kuwait Times'' had a sister Arabic daily newspaper, ''Alfajer Aljadeed'', which was published just for two years, following the invasion of Kuwait The Iraqi invasion of Kuwait was an operation conducted by Iraq on 2 August 1990, whereby it invaded the neighboring State of Kuwait, conseq ...
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