Real estate related economic and financial news covering the MENA region.
Kuwait bourse dips 0.30%
Jun 23, 2010
The KSE Market or Price Index ended 0.30% lower at 6,653 points. Shares of Islamic bank Boubyan fell by 3.77% (closing at KD0.510) after market leader National Bank of Kuwait (NBK) said that it will not will not renew the licence to buy up to 60% of Boubyan's capital. NBK currently hold 47% at Boubyan Bank, who is the largest shareholder in the UK's Islamic Bank of London and The Middle East (BLME).