News From Kuwait
BEIJING, China announced on Tuesday financial revenues of CNY 20.25 trillion (USD three trillions) for the fiscal year 2021.In a press conference, Vice Chinese Financial Minister Xu Hongcai said that Chinese financial revenues has doubled during 2021, …
Read MoreTOKYO, South Korea’s economy posted the highest growth rate in 11 years as consumption and exports bounced back from the pandemic-caused slump, Yonhap News Agency reported Tuesday, citing the central bank.The gross domestic product (GDP) is estimated t…
Read MoreKUWAIT, The price of Kuwaiti oil went up by USD 1.67 to USD 89.64 on Monday after being at USD 87.97 the day before, said the Kuwait Petroleum Corporation (KPC) on Tuesday.Globally, the Brent crude went down by USD 1.62 to settle at USD 86.27 per barre…
Read MoreVIENNA, The Organization of Oil Exporting Countries (OPEC) reported, Monday, that the daily basket price went up 52 cents to reach USD 87.98 per barrel, compared to USD 87.46 per barrel last Friday.It added in its daily bulletin Tuesday that the annual…
Read MoreWASHINGTON, US President Joe Biden said Tuesday that the announcement by General Motors (GM) to invest USD seven billion in Michigan is “the latest sign” that his economic strategy “is helping power an historic American manufacturing comeback.” “Today’…
Read MoreThe US dollar was traded at KD 0.302 and the Euro climbed to KD 0.343 on Thursday.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound was also stable at KD 0.411, the Swiss franc as well at KD 0.330.Moreover, the Japa…
Read MoreKuwait’s trade surplus with Japan almost quadrupled from a year earlier to JPY 66.4 billion (USD 580 million) in December on higher export bills, government data showed Thursday.The surplus surged by 277.4 percent, up for the ninth consecutive month, …
Read MoreThe exchange rate of the US dollar against the Kuwaiti Dinar, Wednesday, remained stable at KD 0.302, and the Euro dropped to KD 0.342 compared with Tuesday, said the Central Bank of Kuwait (CBK).The CBK added in its daily bulletin that the British Pou…
Read MoreGold held its gains for the second consecutive week of the new year, as its prices reached the level of USD 1,816 per ounce on the New York Stock Exchange (New York), supported by the decline of the USD and long-term US bonds, said an expert of preciou…
Read More– Kuwait Credit Bank (KCB) said Saturday that its total loans disbursed in 2021 equaled KD 400 million Kuwaiti dinars (about USD 1.3 billion) with a 23,000 loan requests.The KCB spokesperson Habari Al-Khashti said that the effectiveness of the bank’s e…
Read MoreThe annual Consumer Price Index (CPI) increased in October 2021 by 3.82 percent compared with October 2020, said the Central Statistical Bureau of Kuwait Thursday.In a press statement, obtained by KUNA, the bureau indicated the CPI increased monthly to…
Read MoreThe annual Consumer Price Index (CPI) increased in October 2021 by 3.82 percent compared with October 2020, said the Central Statistical Bureau of Kuwait Thursday.In a press statement, obtained by KUNA, the bureau indicated the CPI increased monthly to…
Read MoreThe Central Bank of Kuwait (CBK) announced on Monday the issuance of Tawarruq and bonds worth KD 240 million (about USD 792 million).The issue’s maturity period is six months, with a return rate of 1.250 percent, the CBK said in a statement to KUNA.On…
Read More– The US dollar was traded at KD 0.302 and the Euro stood at KD 0.342 on Tuesday.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound rose to KD 0.406, while the Swiss franc was stable at KD 0.329 Moreover, the Japanes…
Read More– The US dollar was traded at KD 0.302 and the Euro stood at KD 0.342 on Monday.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound was up to KD 0.405, the Swiss franc was also up traded at KD 0.329.Moreover, the Japa…
Read MoreThe Kuwaiti Minister of Foreign Affairs and Minister of State for Cabinet Affairs Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah held a meeting on Thursday with Director General of the Kuwait Direct Investment Promotion Authority Sheikh Dr. Mishal Jaber …
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