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Kuwait Events

Finance ministry - Proposal to replenish Future Fund

Finance ministry - Proposal to replenish Future Fund
New proposal to deduct 10 percent of the revenues generated annually into the general budget for the benefit of the Future Generations Fund.

New mandatory health insurance for expats on visa 18

New mandatory health insurance for expats on visa 18
Dhaman: New mandatory health insurance for about two million expatriates working in the private sector (Article 18 visa) and their families.

CBK - local banks to Kuwaitize certain vital positions

CBK - local banks to Kuwaitize certain vital positions
Central Bank of Kuwait tells local banks to Kuwaitize certain vital positions.

Afya-3 health insurance available for Kuwaiti retirees

Afya-3 health insurance available for Kuwaiti retirees
Kuwaiti retirees can avail Afya-3 health insurance cards until Sept 15. Cards will be handed out to beneficiaries through 44 health centers.

KPTC capital cut from KD 49mn to KD15 million

KPTC capital cut from KD 49mn to KD15 million
Kuwait Public Transportation Company approves to reduce the company’s capital from KD 49 million to 15 million.

CPA summons several money exchange companies

CPA summons several money exchange companies
Kuwait Competition Protection Authority summons Several money exchange companies.

Kuwait Finance House to buy Bahrain Ahli United bank

Kuwait Finance House to buy Bahrain Ahli United bank
Kuwait, Bahrain Lenders Ink One of the Year’s Biggest Bank Deals.

Kuwait banking sector - Record levels of loans granted

Kuwait banking sector - Record levels of loans granted
Kuwait economy on road to recovery; KD 2.5 billion dinars loans granted within the first five months of 2022.

CBK - banks to report transfers of over KD 3000

CBK - banks to report transfers of over KD 3000
The Central Bank of Kuwait orders banks to report transfers, deposits of over KD 3,000 starting from July 3.

Kuwait braces for inflation pressure this year

Kuwait braces for inflation pressure this year
The inflationary pressures in Kuwait will increase during 2022, with the annual average inflation reaching 5.5 percent, according to a new report.

National Bank of Kuwait stops operations in Jordan

National Bank of Kuwait stops operations in Jordan
National Bank of Kuwait has halted its operations in Jordan

Kuwait CBK issues $792m worth of bonds and tawarruq

Kuwait CBK issues $792m worth of bonds and tawarruq
The Central Bank of Kuwait has issued bonds and tawarruq with an accumulated value of 240 million Kuwaiti dinars ($792 million).

Kuwait SWF not affected by global stock markets

Kuwait SWF not affected by global stock markets
Kuwait’s sovereign wealth fund not ‘hit’ by American and European stock performances.

Kuwaitis spend KD 10 billion in the Q1 of 2022

Kuwaitis spend KD 10 billion in the Q1 of 2022
Kuwaitis and expatriates spent about KD 10 billion in the first 90 days of 2022, according to new report.

Boursa Kuwait records a 60% profit jump in Q1

Boursa Kuwait records a 60% profit jump in Q1
Boursa Kuwait records a 60.6 percent net profit jump in the first quarter of 2022.

Ramadan 2022 - Spending of Kuwaitis doubles in Ramadan

Ramadan 2022 - Spending of Kuwaitis doubles in Ramadan
Kuwaitis’ spending doubled during the month of Ramadan, and with it the budgets of families by 60% to 70%.

Kuwait cash reserve with IMF remains same as 2021

Kuwait cash reserve with IMF remains same as 2021
Kuwait’s cash reserve with the International Monetary Fund in January is at the same level of KD 236.5 million as last November and December.

Kuwait paid debts worth KD 5 billion in 53 months

Kuwait paid debts worth KD 5 billion in 53 months
Kuwait paid debts worth about KD 5 billion over a period of 53 months from October 2017 to March 2022.

Kuwait’s central bank issues $792m bonds, tawarruq

Kuwait’s central bank issues $792m bonds, tawarruq
Kuwait central bank announces issuance of bonds and tawarruq for six months with an accumulated value of 240 million Kuwait dinars.

Kuwaiti banks record highest budget ever in 2021

Kuwaiti banks record highest budget ever in 2021
Kuwaiti banking sector record highest budget ever in 2021 driven by the positive performance of credit facilities.

Kuwait to study implementation of selective taxation

Kuwait to study implementation of selective taxation
Kuwait to study the implementation of the idea of a selective taxation which will include tobacco and its derivatives.

Kuwait’s financial, external budgets powerful

Kuwait’s financial, external budgets powerful
Fitch say there is no serious financial adjustment by Kuwait government to the recent oil price shocks.

Abu Dhabi, Kuwait stock exchanges to facilitate trading

Abu Dhabi, Kuwait stock exchanges to facilitate trading
Abu Dhabi, Kuwait stock exchanges partner to facilitate trading procedures.

Salary allocation in Kuwait budget up 600% in 15 years

Salary allocation in Kuwait budget up 600% in 15 years
Salary allocation in budget up 600% in 15 years. 12.6 billion Kuwaiti dinars in the total budget dedicated to salaries.

Boursa Kuwait plans to list 8 family-owned firms

Boursa Kuwait plans to list 8 family-owned firms
Boursa Kuwait plans to list 8 family-owned firms to expand trading.
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