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Kuwait Events

Banks preparing to offer new auto financing packages

Banks preparing to offer new auto financing packages
Kuwait Banks are currently preparing to offer new auto financing packages .

SWIFT money transfer for Egyptian expats

SWIFT money transfer for Egyptian expats
Kuwait exchange companies to provide SWIFT money transfer for Egyptian expats.

CBK warning about the trap of swindlers

CBK warning about the trap of swindlers
Central Bank of Kuwait has been warning against falling into the trap of swindlers who regularly call from abroad with unknown numbers for promotion.

Banks to finance expatriates and Bedoun residents

Banks to finance expatriates and Bedoun residents
Kuwait banks to offer Loans for expats and Bedoun again; 20 times the salary for private sector workers

KD1.14bn worth housing loans offered this year

KD1.14bn worth housing loans offered this year
Kuwaitis borrowed loans worth KD 1.14 billion from commercial banks during the first nine months of this year for building private houses.

Kuwait narrows fiscal deficit for first time in 3 yrs

Kuwait narrows fiscal deficit for first time in 3 yrs
Kuwait narrows its fiscal deficit for first time in 3 years, finance ministry has announced.

CBK directives to local banks on sustainable financing

CBK directives to local banks on sustainable financing
Central Bank of Kuwait issues directives to local banks on sustainable financing guidelines

World Bank sees Kuwait growth of 8 percent

World Bank sees Kuwait growth of 8 percent
The domestic economic growth this year to accelerate to 8.5 percent, according to World bank reports.

New bill to tap Futures Fund

New bill to tap Futures Fund
Kuwaiti MPs have submitted a bill on amending Future Generations Fund.

Kuwait expects surplus budget

Kuwait expects surplus budget
Positive indicators still dominate the performance of the Kuwait’s general budget despite the decline in oil prices.

Knet records a significant growth last September

Knet records a significant growth last September
Electronic Banking Services Company “Knet” recorded a significant growth last September.

Kuwait’s consumer spending jumps in Q2 of 2022

Kuwait’s consumer spending jumps in Q2 of 2022
Kuwait: Consumer spending among citizens in the country increased by 28.51 percent in the second quarter this year.

Bankruptcy threatens four insurance firms in Kuwait

Bankruptcy threatens four insurance firms in Kuwait
Kuwait Insurance Regulatory Unit will request to open bankruptcy procedures against four insurance companies.

IRU suspends three insurance firms

IRU suspends three insurance firms
Kuwait Insurance Regulatory Unit (IRU) decided to suspend the activities of three companies until Sept 30.

Seven Kuwaiti banks among 1000 largest banks in world

Seven Kuwaiti banks among 1000 largest banks in world
Kuwait ranked fourth in terms of the number of banks that entered the list of the largest 1000 banks in the world.

Kuwait banks to keep close eye on accounts

Kuwait banks to keep close eye on accounts
Kuwait banks aims to keep close track on clients’ accounts.Steps taken for the development of a legal framework regulating the operations of social media influencers.

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.
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