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Kuwait Events

Declines in oil price ‘hurts Kuwait economy’

 Declines in oil price ‘hurts Kuwait economy’
Kuwaiti emir called on the government and parliament to “safeguard oil and fiscal wealth.”

Kuwait PM appoints Al-Rushaid as new finance Minister

Kuwait PM appoints Al-Rushaid as new finance Minister
Kuwait’s prime minister appointed his fourth cabinet in two years, naming a new finance minister and including four lawmakers in the lineup.

Fixed income issuances in GCC top $145bn in 2021

Fixed income issuances in GCC top $145bn in 2021
Fixed income issuances in the GCC as of mid-December-2021 stood at $145.5 billion as compared to $150.4 billion in issuances, Kamco said in a statement.

NBK launches Weyay, the first digital bank in Kuwait

NBK launches Weyay, the first digital bank in Kuwait
National Bank of Kuwait (NBK) has announced Weyay, the first fully digital bank in Kuwait. The unveiling came at an inauguration ceremony last month.

Political feuds to test govt's push for fiscal reforms

Political feuds to test govt's push for fiscal reforms
Domestic politics to test Kuwait's crown prince in push for fiscal reform.

Kuwait market tanks as new virus fears rattle investors

Kuwait market tanks as new virus fears rattle investors
COVID has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm.

Obligatory health insurance for expats start at KD130

Obligatory health insurance for expats start at KD130
Obligatory health insurance for expats to start at KD130. Fees to increase to KD20 biennially to reach a maximum of KD190 in 9 years.

Over-60s issue back to Fatwa, Legislation

Over-60s issue back to Fatwa, Legislation
Legality of collecting fees for renewal of residence permit of non-graduate expatriates of 60 years was issued back to Fatwa, Legislation.

150000 wellness cards distributed to retirees

150000 wellness cards distributed to retirees
Many proposals to include new categories in health insurance are under study, director of the “Afia” project says.

Burgan Bank to increase capital to $236m

Burgan Bank to increase capital to $236m
Burgan Bank will start the process to increase its capital by offering 375 million shares, at a value of 71.25 million Kuwaiti dinars ($236 million)

Kuwait remains among strongest sovereign countries

Kuwait remains among strongest sovereign countries
Kuwait’s public sector balance sheet will likely remain among the strongest sovereign budgets, according to Fitch.

Turkish DEİK launches investment report for Kuwait

Turkish DEİK launches investment report for Kuwait
Turkish economy board launches investment report for Kuwait, Turkey on Nov. 4.

Kuwait increasingly attracts British firms

Kuwait increasingly attracts British firms
British firms are eager and ready to contribute to implement vital projects in the Kuwait.

Kuwait launches Estamp app

Kuwait launches Estamp app
Kuwait Ministry of Finance announces the launch of its new ‘Estamp’ application.

Insurance in Kuwait is the least in the Gulf

Insurance in Kuwait is the least in the Gulf
The prevalence of insurance in Kuwait is still the lowest in the Gulf, according to a recent study.

Saudi, UAE, Kuwait vow to help Bahrain

Saudi, UAE, Kuwait vow to help Bahrain
Kuwait, Saudi Arabia and the UAE reiterate their support for Bahrain’s plans to balance its budget.

Central Bank of Kuwait governor to quit

Central Bank of Kuwait governor to quit
The Governor of the Central Bank of Kuwait Dr. Muhammad Al-Hashel decides to leave his post at the end of his current tenure.

Credit facilities to customer increases, IBK reports

Credit facilities to customer increases, IBK reports
Kuwaiti banking sector provided credit facilities to customers, according to the Industrial Bank of Kuwait reports.

Banks in Kuwait lure customers with interest free loans

Banks in Kuwait lure customers with interest free loans
Banks in Kuwait lure customers with interest free loans amounting to KD 70,000.

NBK starts selling dollar senior bonds - document

NBK starts selling dollar senior bonds - document
National Bank of Kuwait has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries.

Boursa Kuwait launches ESG reporting guide

 Boursa Kuwait launches ESG reporting guide
Boursa Kuwait launches ESG reporting guide to drive corporate sustainability in financial markets

Central Bank launches ‘KASSIP’

Central Bank launches ‘KASSIP’
Central Bank launches ‘KASSIP’ as part of Kuwait national payments system project

Agility set for first independent digital bank license

Agility set for first independent digital bank license
Kuwait-based logistics company Agility - one of the largest in the MENA region- has applied for a licence to establish a digital bank.

Kuwait International Bank completes sale of NMC Health

Kuwait International Bank completes sale of NMC Health
Kuwait International Bank completes the sale of its exposure in troubled UAE healthcare group, NMC.

KIB invests in professional development

KIB invests in professional development
KIB invests in professional development as part of the Bank’s top-level strategy focused on human capital development across all levels of its organization.
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