Finance

HANOI, A group of outstanding Kuwaiti students visited on Friday the Vietnamese tourist resort of Tam Dao as part of the 11th trip organized by Kuwait Fund for Arab Economic Development (KFAED).Hussein Matqi from Jaber Al-Ali Al-Sabah School marveled a…

TUNIS, A team of excellent Kuwaiti female students on Friday visited premises of the Tunisian higher institute for technological studies in the city of Kelibia — funded by Kuwait Fund for Arab Economic Development (KFAED).Narjas Al-Saghir, the institu…

WASHINGTON, The US has affirmed its participation in the Expo 2020 to be held in Dubai next October.”The State Department is pleased to announce the participation of the United States in Expo 2020 Dubai, and the first in the Middle East and Africa,” th…

KUWAIT, The exchange rate of the US Dollar was stable at KD 0.303, while the Euro headed up to KD 0.338 compared to Wednesday’s numbers, said the Central Bank of Kuwait (CBK) Thursday.The CBK added in its bulletin that the British Pound Sterling mainta…

KUWAIT, Boursa Kuwait on Thursday concluded the week operations with the All Share Market Index (the benchmark) dropping by 0.43 points to settle at 6,351.2 points, a 0.01 decrease.Trading volume under the benchmark umbrella amounted to 161.8 million s…

HANOI, Van Dinh Water Logging Control project executed by Kuwait Fund for Arab Economic Development (KFAED) serves about three million people in Vietnam’s capital Hanoi, said project deputy manager “Doug Tring”.The project, launched in 1987, protects f…

Kuwait City, Gulf Air – the Kingdom of Bahrain’s national carrier in line with its boutique strategy to add boutique leisure destinations to its network, has revealed a new addition to its 2020 network with a popular premium leisure destination: Nice o…

KUWAIT, The exchange rate of the US Dollar and the Euro were stable at KD 0.303 and KD 0.337 respectively, compared to Thursday’s prices, said the Central Bank of Kuwait (CBK) Tuesday.CBK bulletin added that the British Pound Sterling went down to KD 0…

KUWAIT, The Bank for International Settlements (BIS) announced Tuesday that its Board of Directors has decided to invite the Central Bank of Kuwait to become a member of the BIS in order to expand its central bank membership base and to increase collab…

KUWAIT, Kuwait Fund for Arab Economic Development (KFAED) sealed a loan agreement worth KD five million (around USD 17 million) to Cameroon on Tuesday.KFAED’s Deputy Director-General Nedhal Al-Olayan and Cameroonian Minister of Economic Alamine Ousmane…

KUWAIT, Boursa Kuwait ended trading Tuesday in green zone as the premier market index went up by 132.05 points to reach 7,061.53 points.The main market index also went up by 43.4 points to reach 4,889.03 points, same as the all share market index up by…

KUWAIT, Minister of Oil and Electricity and Water Dr. Khaled Al-Fadhel held talks, on Tuesday, with the visiting Japanese State Minister of Economy, Trade and Industry Makihara Hideki focusing on ties.The meeting also tackled issues of common interests…

KUWAIT, The State of Kuwait’s budget for 2020-2021 will have a revenue of KD 14.8 billion (USD 48.7 billion) and an expenditure of KD 22.5 billion (USD 74 billion), while the deficit will be at KD 9.2 billion (USD 30 billion), said the Minister of Fina…

ABU DHABI, The UAE and Indonesia inked on Sunday some deals and memoranda of understanding (MoUs) to promote bilateral cooperation in education, health, energy, environment, ports, agriculture, Awqaf and Islamic affairs domains as well as combating ter…

KUWAIT, Boursa Kuwait, the national stock exchange, ended trading Thursday in the green zone with the All Share Index gaining 108.5 points to reach 6,230.23 points.The Main Market and Premier Market indices also went up by 63.93 and 130.41 points respe…

BRUSSELS, The European Union (EU) unemployment rate was 6.3 percent in November, stable compared to October, as well as down from 6.6 percent in November 2018, Eurostat, the EU’s statistical office reported Thursday.This remains the lowest rate recorde…