12 October 2021
The Governor of the Central Bank of Kuwait Dr. Muhammad Al-Hashel decides to leave his post at the end of his current tenure.
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12 October 2021
Kuwaiti banking sector provided credit facilities to customers, according to the Industrial Bank of Kuwait reports.
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18 September 2021
Banks in Kuwait lure customers with interest free loans amounting to KD 70,000.
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11 September 2021
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.
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11 September 2021
Boursa Kuwait launches ESG reporting guide to drive corporate sustainability in financial markets
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01 September 2021
Central Bank launches ‘KASSIP’ as part of Kuwait national payments system project
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28 August 2021
Kuwait-based logistics company Agility - one of the largest in the MENA region- has applied for a licence to establish a digital bank.
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28 August 2021
Kuwait International Bank completes the sale of its exposure in troubled UAE healthcare group, NMC.
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28 August 2021
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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23 August 2021
Kuwait records its highest financial deficit ever amounting to 10.6 billion Kuwaiti dinars. The budget deficit will result in government spending cuts of at least 10 percent.
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20 August 2021
Kuwait's Cabinet says it has ordered a spending cut from current budget of at least 10%
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12 August 2021
Kuwait named Ghanem Al-Ghunaiman as the new managing director of its $700 billion sovereign wealth fund.
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07 August 2021
Kuwait Finance House net profit for the Q2 more than tripled due to a decrease in provisions and impairments.
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28 July 2021
Kuwait central bank governor calls for urgent reforms to ensure stability.
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24 June 2021
Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse.
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10 June 2021
Kuwait’s GDP declined by 8.9 percent in 2020 in contrast to 2019, where the estimated value with constant prices amounted to KD 36 billion (USD 118.8 billion).
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28 May 2021
Digital currencies aren’t real currencies, are highly risky and they pose a threat to the global financial system, the Central Bank of Kuwait has warned.
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22 May 2021
Kuwait Minister of Finance Khalifa Hamadah discusses cooperation with the US and Tunisian ambassadors
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15 May 2021
Kuwait may take 4 years to introduce personal taxes. Political gridlock and a lack of expertise hinder government plans
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22 April 2021
Fitch Ratings has affirmed National Bank of Kuwait Long-Term Issuer Default Ratings at 'AA-' with Negative Outlooks.
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01 January 2021
Kuwait's IFA gets more time to pay off $65m debt burden. This will now be paid off over 5 years as part of agreement with a 'foreign bank'.
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22 December 2020
Kuwait’s emir approved a new cabinet that included new ministers of oil and finance for the OPEC member state which is mired in its worst economic crisis in decades.
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21 October 2020
Banking sources have estimated that expats have taken out a total of 4 billion Kuwaiti dinars in loans.
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07 October 2020
While many expats have started leaving Kuwait due to expired visas, some banks have begun the process of prosecuting those with unpaid loans.
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24 September 2020
Moody’s Investors Service downgrades Kuwait’s credit rating by two notches to A1 from Aa2; changes outlook to stable.
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