NBK posted a net profit of 60.85 million dinars ($216.5 million) compared with 47.2 million dinars ($168 million) in the corresponding period of 2013
Sager had served as a deputy since 2010 and has worked at the bank for more than 30 years
Higher food and housing expenditure saw the cost of living rise in 2013
Despite Kuwait's oil wealth, the IMF recommends the country invest in infrastructure projects and control public wage growth
The az-Zour project represents the first public-private partnership for Kuwait which previously struggled to invest in infrastructure
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