Kuwait Events

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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