Finance

  The Central Bank of Kuwait’s (CBK) membership in the Bank for International Settlements (BIS) added momentum to Kuwait’s weight in global monetary policies and outlining frameworks of monetary stability …

  Kuwait’s Finance Minister and State Minister for Economic Affairs Khalifa Hamada held talks on Wednesday with the US and UK’s ambassadors as part of efforts to forge closer trilateral …

The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds, Tawarruq worth KD 240 million (about USD 792 million). The issue’s maturity period is three months, with …

– Kuwait?’s strong performance was led once again by the main market (13.4% q/q), with the strongest gains coming from the technology, oil and gas, real estate, and industrial sectors, according to a report released by the National Bank of Kuwait (NBK)…

— The Central Bank of Kuwait (CBK) published its 49th Annual Report for the 2020/2021 fiscal year, which includes audited financial statements for the period until March 31, 2021, and encompasses CBK?’s efforts for said year.The Governor of the Centra…

The Central Bank of Kuwait (CBK) held a symposium launching the 9th Financial Stability Report for 2020 on Monday at the CBK headquarters as well as through online channels.The event intended to address the major economic developments at both domestic…

The National Bank of Kuwait (NBK) has announced its financial results, Sunday, for the six-month period ending June 30th, 2021, a net profit of KD 160.8 million (USD 534.0 million), improving by 44.7 percent year-on-year.Net profit for the three-month…

The National Bank of Kuwait (NBK) has announced its financial results, Sunday, for the six-month period ending June 30th, 2021, a net profit of KD 160.8 million (USD 534.0 million), improving by 44.7 percent year-on-year.Net profit for the three-month…

The gold has maintained its gains for the third week in a row where its rate exceeded the USD 1,800 per ounce threshold, buoyed by decline of the US currency and long term bonds.Rajab Hamed, CEO of Kuwait Sabaek Company, said in a statement to KUNA on …

— The US dollar was stable at KD 0.300 and the euro also stabilized at KD 0.356 on Monday compared to Sunday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound also remained unchanged trading at KD 0.417. Li…

Kuwait Livestock Transport and Trading Company is fully prepared to serve livestock sacrifices during the upcoming Eid Al-Adha at the capital slaughter house and the new cattle market, said the company CEO Usama Boodai.The slaughter house and the mark…

Lack of a visionary economic-development forecast by some Middle Eastern states has aggravated repercussions of the novel coronavirus (COVID-19) in these countries, a senior World Bank official has affirmed.Negative impact of the pandemic on the world …

Kuwait’s Audit Bureau’s keen eye on finances of authorities and bodies under its supervisory jurisdictions resulted in saving up to KD 1.08 billion (USD 3.5 billion) that could have been wasted over the past four years.Yousef Al-Fozan, the bureau assis…

Kuwait on Wednesday said its national bourse office is undergoing major renovations that would equip the building with “cutting-edge” technology, forcing an interim closure as operations are completed.Antiquated stock market screens have been replaced…

Kuwait late Amir Sheikh Abdullah Al-Salem Al-Sabah signed a law on July 8, 1965 establishing Saving and Credit Bank, replacing Kuwait Credit Bank (KCB), with a mandate of alleviating economic burden from Kuwaiti families by facilitating loans and credi…

Kuwait’s financial position is “very strong” and propped up by the “Future Generations” reserve fund, the country’s finance minister said on Thursday, pointing out that the fund has seen exponential growth as of late. The fund has achieved a 33-percent…