Kuwait Events

Kuwait’s $134 Billion Pension Fund has record gains 24 June 2021 Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse.
Kuwait’s GDP declines in 2020 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).
CBK issues warning against digital currencies 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.
Kuwait FM discusses cooperation with US,Tunisian envoys 22 May 2021 Kuwait Minister of Finance Khalifa Hamadah discusses cooperation with the US and Tunisian ambassadors
Kuwait may take 4 years to introduce personal taxes 15 May 2021 Kuwait may take 4 years to introduce personal taxes. Political gridlock and a lack of expertise hinder government plans
Fitch Affirms National Bank of Kuwait at AA- 22 April 2021 Fitch Ratings has affirmed National Bank of Kuwait Long-Term Issuer Default Ratings at 'AA-' with Negative Outlooks.
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.
1

Kuwait’s $134 Billion Pension Fund has record gains

24 June 2021

Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse.

Kuwait’s GDP declines in 2020

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).

CBK issues warning against digital currencies

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.

Kuwait FM discusses cooperation with US,Tunisian envoys

22 May 2021

Kuwait Minister of Finance Khalifa Hamadah discusses cooperation with the US and Tunisian ambassadors

Kuwait may take 4 years to introduce personal taxes

15 May 2021

Kuwait may take 4 years to introduce personal taxes. Political gridlock and a lack of expertise hinder government plans

Fitch Affirms National Bank of Kuwait at AA-

22 April 2021

Fitch Ratings has affirmed National Bank of Kuwait Long-Term Issuer Default Ratings at 'AA-' with Negative Outlooks.

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.