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Briefing of KUNA main news for Wednesday until 12:00 GMT

KUWAIT -- World Bank's (WB) Country Manager in Kuwait Firas Raad says the 2016 OPEC and major oil producers' agreement to cut crude market glut has added strains on the Kuwaiti economy in 2017.

KUWAIT -- Price of the Kuwaiti oil dropped by 46 cents to settle at USD 48.30 per barrel (pb) Tuesday compared with USD 48.76 pb Monday, says Kuwait Petroleum Corporation (KPC).

KUWAIT -- Exchange rate of the US dollar steadies at KD 0.301 and the euro drops to KD 0.355, says Central Bank of Kuwait (CBK).
2630407 CAIRO -- Egypt regrets US resolution to lower allotted funds part of annual American aid for the nation in 2017.
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