Kuwait Events

Kuwait IFA gets to reschedule paying off its $65m debt 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'.
Kuwait's cabinet has new oil, finance minister 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.
Expats take out over 4 billion Kuwaiti dinars in loans 21 October 2020 Banking sources have estimated that expats have taken out a total of 4 billion Kuwaiti dinars in loans.
Kuwait banks: no waiver of loans for expats 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.
Moody’s downgrades Kuwait’s credit rating to A1 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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Kuwait IFA gets to reschedule paying off its $65m debt

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'.

Kuwait's cabinet has new oil, finance minister

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.