News From Kuwait
Finance Ministers of the 19-member Eurogroup Monday discussed the international role of the euro during their videoconference.”The aim is to reduce our dependence on other currencies, and to strengthen our autonomy in various situations.At the same tim…
Read MoreQatar Petroleum Company took the final investment decision for developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA.In addi…
Read MoreKuwait’s trade surplus with Japan plummeted 64.0 percent from a year earlier to JPY 17.5 billion (USD 170 million) in December, down for the ninth month in a row due to weak exports, government data showed Thursday.But Kuwait stayed in black ink with …
Read MoreKuwait Fund for Arab Economic Development (KAFED) is continuing to earmark substantial sums for backing up the national housing sector.Latest allocation for the Public Authority for Housing Welfare (PAHW) amounted to KD 17 million (USD 56 million), sai…
Read MoreThe Central Bank of Kuwait announced on Monday that it issued KD 240 million (roughly USD 792 million) worth of bonds and tawarruq.The three-month issue period has a return rate of 1.250 percent, CBK mentioned in a statement to KUNA.Last January 4, CB…
Read MoreExchange rate of the US dollar on Monday stabilized against the Kuwaiti dinar trading at KD 0.303, whereas the euro dropped to KD 0.371, compared to last Thursday’s rates, said the Central Bank of Kuwait (CBK).Rate of the sterling pound rose to KD 0.41…
Read MoreThe Central Bank of Kuwait (CBK) commended several local banks after being recognised by the International Organization for Standardization for compliance with ISO 27001: 2013 requirements for information security management.This certification comes o…
Read MoreKuwait’s trade surplus with Japan fell 21.9 percent from a year earlier to JPY 22.2 billion (USD 214 million) in November, down for the 8th month due to weak exports, government data showed Wednesday.However, Kuwait stayed in black ink with Japan for …
Read More– Kuwait crude oil gained 13 cents during Monday’s trading session to close at USD 50.19 per barrel (pb), Kuwait Petroleum Corporation (KPC) said Tuesday.Benchmark Brent futures rose 32 cents to USD 50.29 pb and West Texas Intermediate increased by 42 …
Read MoreRepresentatives of the Italian businesses society said they are looking forward to boost partnership with Kuwait, to enhance the role of the private sector in economic development and achieve the 2035 vision.In a statement to KUNA on Thursday, Kuwait …
Read More— Ahli United Bank (AUB) announced a KD 23.1 million (about USD 76.2 million) net profits in the first nine months of 2020, a decrease of 48.9 percent from the same period in 2019.In a statement Sunday, the bank affirmed expanding financing activities…
Read More— The Arab Planning Institute (API) said Wednesday it will participate in the 2020 International Virtual Conference on Innovation, Creativity and Entrepreneurship Ecosystem (ICICEE), due to take place on November 19-20.The gathering will be held under…
Read More– The Audit Bureau signed on Wednesday a Memorandum of Understanding (MoU) with the Public Authority for Combating Corruption (Nazaha) to enhance aspects of cooperation between the two sides.In a press statement, Audit Bureau Undersecretary Abdulaziz A…
Read MoreThe US dollar fell to KD 0.305 Thursday while the euro climbed to KD 0.358, compared to Wednesday’s rates.The central Bank said in its daily bulletin the British sterling pound decreased to KD 0.396, but the Swiss Franc increased to KD 0.335 and the Ja…
Read More— Kuwait Direct Investment Promotion Authority (KDIPA) issued their annual fifth report, which included the authority’s achievements, activities and projects performed during the report period of the fiscal year 2019/2020.In a press release on Wednesd…
Read MoreThe Audit Bureau assessed 1,531 ventures worth KD 1.9 billion (USD 3.2 billion) between April 4 and October 31 this year.Up to 93 percent of the projects were presented by ministries and government departments — worth KD 1.7 billion — (USD three bill…
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