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Kuwait Events

Boursa Kuwait records third consecutive gain

Boursa Kuwait records third consecutive gain
Boursa Kuwait records third consecutive gain

QIB, KFH wrap up due diligence on United Bank of Egypt

QIB, KFH wrap up due diligence on United Bank of Egypt
Two financial giants, Qatar Islamic Bank and Kuwait Finance House eye United Bank of Egypt

Kuwait sees 2% drop in Filipino remittances

Kuwait sees 2% drop in Filipino remittances
Kuwait sees 2% drop in Filipino remittances.

Kuwait public finances in continuous deficit

Kuwait public finances in continuous deficit
Kuwait economy shrinking, public finances in continuous deficit.

New ‘virtual operations’ room to fight financial fraud

New ‘virtual operations’ room to fight financial fraud
Kuwait’s new ‘virtual operations’ room to fight financial fraud.

CBK reveals a 15.1% drop in Bank Derivative Investments

CBK reveals a 15.1% drop in Bank Derivative Investments
Central Bank of Kuwait reveals a 15.1% drop in Bank Derivative Investments

Boursa Kuwait faces challenges as it enters New Year

Boursa Kuwait faces challenges as it enters New Year
Boursa Kuwait faces challenges amid ‘global financial recovery’

CBK implements measures to rein in Dollar use

CBK implements measures to rein in Dollar use
Kuwait Central Bank implements measures to rein in dollar use in Banks and Exchanges

Qatar and Kuwait's agreement to prevent double taxation

Qatar and Kuwait's agreement to prevent double taxation
Qatar and Kuwait forge agreement to prevent double taxation.

Finance faces scrutiny over KD 75 mn debt neglect

Finance faces scrutiny over KD 75 mn debt neglect
Finance ministry faces scrutiny over KD 75.5 million debt neglect.

Kuwait banks unite for safe digital financial landscape

Kuwait banks unite for safe digital financial landscape
Central Bank of Kuwait bolsters security with anti-fraud central room.

Kuwait extends loan repayment deadline for SMEs

Kuwait extends loan repayment deadline for SMEs
Council of Ministers has approved extension of loan repayment deadline for SMEs.

Kuwaiti investors drive significant growth in 2023

Kuwaiti investors drive significant growth in 2023
Kuwaiti investors drive significant growth in 2023 with their investments growing by 137.27 million dinars over this period.

Disability budget is 226 mn dinars for the year 2024-25

Disability budget is 226 mn dinars for the year 2024-25
Public Authority for the Disabilities Affairs budget is 226 million dinars for fiscal year 2024-2025.

Kuwait banknotes down, coins up in August

Kuwait banknotes down, coins up in August
Kuwait experiences decrease in cash circulation and increase in coins circulation in 2023.

Expats Health Insurance soaring to 190 Dinars

Expats Health Insurance soaring to 190 Dinars
Expats Health Insurance will be increased to 190 Dinars.

Kuwaiti banks net profits highest in history

Kuwaiti banks net profits highest in history
Kuwaiti banks achieve highest historical level net profit margin by the close of the second quarter this year.

Kuwait’s sovereign fund boasts asset value of $803bn

Kuwait’s sovereign fund boasts asset value of $803bn
Kuwait Investment Authority sovereign fund possesses assets valued at approximately $803 billion.

Kuwait decreases US bond holdings

Kuwait decreases US bond holdings
Kuwait decreased its holdings of US Treasury bonds by 16.3% in H1, 2023.

CBK directs banks to raise rate for individual deposits

CBK directs banks to raise rate for individual deposits
Central Bank of Kuwait directs banks to raise rate for individual deposits.

Absolute ban on using virtual assets as a payment tool

Absolute ban on using virtual assets as a payment tool
Kuwait slaps absolute ban on using virtual assets as a payment or investment tool.

Kuwait sovereign fund ranks 5th in the world

Kuwait sovereign fund ranks 5th in the world
Kuwait Sovereign Fund ranks fifth in the world and 2nd regionally, according to a latest report.

Kuwait bans virtual currency transactions

Kuwait bans virtual currency transactions
Kuwait bans cryptocurrency and virtual assets transactions.

AUB bags KD 20.5m net profit for H1,2023

AUB bags KD 20.5m net profit for H1,2023
Ahli United Bank bags KD 20.5m net profit for 1st half of ’23.

STC rakes in revenues of KD174.6M in H1, 2023

STC rakes in revenues of KD174.6M in H1, 2023
Kuwait Telecommunications Company rakes in revenues of KD174.6m for first six months of 2023 with KD16.1m net profit.
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