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Hassan's was the first optician store officially approved by the Kuwaiti Department of Health in 1960. [3] The Company was founded by Dr. Hassan Saadat Yazdi originally from Tehran , Iran ; He came during the pre-independence of Kuwait and established Hassan's Optician Co. at Sharq, Kuwait in 1951.
In 1993, UAE Exchange became a SWIFT member and over the following two years opened operations in Oman and Kuwait, as well as launching transfer, gold card, and banknote services. In 1999, it launched retail operations in India , which was to become the largest operation outside its home base, with 330 branches by 2015.
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. [4] [5] [6] On September 14, 2020, the Boursa Kuwait Securities Co. was listed on Boursa Kuwait, [7] becoming a self-listed exchange. [8]
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Founded as the Bank of Oman in 1967, it now offers online banking and e-commerce. [ 5 ] [ 6 ] Mashreq has 16 overseas offices in 13 countries, with corporate banking businesses in Bahrain , Qatar , Kuwait , and India , as well as corporate and retail banking in Egypt and foreign exchange businesses in Bangladesh , Pakistan , and Nepal .
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Comprising 70% of the retail trade in Kuwait, the legal basis for consumer cooperatives was established in 1962 with law No. 20.By the start of the 1980s, Kuwait's cooperative movement became open to Arab and international cooperative movements, and the Kuwaiti Union for Cooperative Societies sought membership in the International Cooperative Alliance as of March 1981.
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