News From Kuwait
– World Bank Regional Director for the Gulf Cooperation Council Issam Abousleiman said the rising prices of oil and improved financial revenues offered the State of Kuwait “a golden chance” to press ahead with the economic reforms in the short run.Kuwa…
WB Official: Kuwait has ample opportunity to advance economic reforms Read MoreGovernor of the Central Bank of Kuwait (CBK) Basel A. Al-Haroon said Thursday the CBK will continue supporting the talented cadres to play an effective in backing the national economy.The CBK and the Institute of Banking Studies (IBS), in cooperation …
CBK Governor reaffirms commitment to foster national cadres Read MoreRepresentative of His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Foreign Minister Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah met on Tuesday with President of International Committee of the Red Cross (ICRC) Peter Maurer.The …
Representative of Prime Minister meets ICRC chief in Davos Read MoreKuwait oil price rose by USD 1.40 to USD 118.98 per barrel on Monday against USD 117.58 pb on Friday, Kuwait Petroleum Corporation (KPC) said on Tuesday.In international markets, forward Brent crude contracts climbed 87 cents to settle at USD 113.42 a…
Kuwait oil price rises to USD 118.98 pb Read MoreThe US dollar on Tuesday dropped to KD 0.305, while the Euro climbed by 0.66 percent to reach KD 0.326 compared with Monday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound stabilized at KD 0.384, while th…
USD drops to KD 0.305, EURO up to KD 0.326 — CBK Read MoreKuwait’s trade surplus with Japan surged 82.7 percent from a year earlier to JPY 82.0 billion (USD 638 million) in April, up for the 13th consecutive month thanks to high export bills, thanks to robust exports, government data showed Thursday.Kuwait po…
Kuwait’s April trade surplus with Japan up 82.7 pct Read MoreHeavy Engineering Industries and Shipbuilding Company (HEISCO) announced Thursday its winning of KD 1.8 million (USD 6.4 million) tender for the benefit of the Ministry of Electricity and Renewable Energy.In a disclosure published on Kuwait Stock Exch…
HEISCO wins USD 6.4 mln tender from Ministry of Electricity Read More– Minster of Commerce and Industry Fahad Al-Shuraian said on Wednesday that the political and economic changes that the world was going through amidst the sharp fluctuating oil prices required some serious measures to enhance the economy through econom…
Minister Al-Shuraian: Fluctuating Oil prices requires measures to enhance Kuwaiti economy Read MoreThe Gulf Insurance Group announced a net profit of KD 9.8 million (USD 32.3 million), or 34.56 fils per share, for the first quarter of 2022, compared to a net profit of KD 5.5 million (USD 18.1 million) for the same period last year.The company said i…
Gulf Insurance Co. earns USD 32.3 mln in Q1 ’22 Read MoreCentral Bank of Kuwait (CBK) announced on Monday allocating bonds and “tawarruq” at the value of KD 160 million (around USD 528 million).The CBK issued a statement saying that the maturity period is six months, with a yield rate of 2 percent.The centr…
CBK allocates bonds, tawarruq valued at KD 160 mln Read More– The US dollar, Monday, stabilized at KD 0.305, while the Euro declined by 0.050 percent to KD 0.328 compared with Sunday’s rate.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound went down by 0.050 percent to KD 0….
USD traded at KD 0.305, EURO down to KD 0.328 — CBK Read More– Kuwait’s Ooredoo posted KD 8.4 million (approximately USD 29.4 million) in net profits for the first quarter of 2022, compared to KD 983,000 (roughly USD 3.4 million) for the same period in 2021, an increase of 757 percent.Ooredoo said in a disclosur…
Ooredoo earns KD 8.4 mln for Q1 of 2022 Read MoreThe Central Bank of Kuwait (CBK) announced setting several ATM machines in the Avenues and 360 malls for Eid money bills.The machines will be availabe starting Sunday, until May 4, the bank said in a statement on Sunday.CBK also provided local banks wi…
CBK sets ATM machines for Eid bills in Avenues, 360 malls Read MoreBurgan Bank posted a net profit of KD 12 million (approximately USD 39.6 million) in the first quarter of 2022, an increase of 140 percent compared to the same period last year, with earnings per share of 3.7 fils.In a disclosure on the website of the…
Burgan Bank posts KD 12 mln net profit for Q1 2022 Read MoreZain Group posted KD 47 million (USD 153.8 million) worth of net profits in Q1 2022 vis a vis KD 45 million (USD 147.3 million) during the same period in 2021, at a rate of 11 fils per stock.The group said in a statement that it consolidated KD 408 mil…
Zain earns USD 153 million Q1 Read MoreKuwait Fund for Arab Economic Development (KFAED) on Thursday signed an agreement with UNICEF whereby the Kuwaiti fund would give an additional grant worth USD 340,000 as a contribution to financing a water project in Gaza Strip.KFAED said in a statem…
KFAED grants UNICEF USD 340,000 Read More