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Disability budget is 226 mn dinars for the year 2024-25

Disability budget is 226 mn dinars for the year 2024-25
Public Authority for the Disabilities Affairs budget is 226 million dinars for fiscal year 2024-2025.

Kuwait banknotes down, coins up in August

Kuwait banknotes down, coins up in August
Kuwait experiences decrease in cash circulation and increase in coins circulation in 2023.

Expats Health Insurance soaring to 190 Dinars

Expats Health Insurance soaring to 190 Dinars
Expats Health Insurance will be increased to 190 Dinars.

Kuwaiti banks net profits highest in history

Kuwaiti banks net profits highest in history
Kuwaiti banks achieve highest historical level net profit margin by the close of the second quarter this year.

Kuwait’s sovereign fund boasts asset value of $803bn

Kuwait’s sovereign fund boasts asset value of $803bn
Kuwait Investment Authority sovereign fund possesses assets valued at approximately $803 billion.

Kuwait decreases US bond holdings

Kuwait decreases US bond holdings
Kuwait decreased its holdings of US Treasury bonds by 16.3% in H1, 2023.

CBK directs banks to raise rate for individual deposits

CBK directs banks to raise rate for individual deposits
Central Bank of Kuwait directs banks to raise rate for individual deposits.

Absolute ban on using virtual assets as a payment tool

Absolute ban on using virtual assets as a payment tool
Kuwait slaps absolute ban on using virtual assets as a payment or investment tool.

Kuwait sovereign fund ranks 5th in the world

Kuwait sovereign fund ranks 5th in the world
Kuwait Sovereign Fund ranks fifth in the world and 2nd regionally, according to a latest report.

Kuwait bans virtual currency transactions

Kuwait bans virtual currency transactions
Kuwait bans cryptocurrency and virtual assets transactions.

AUB bags KD 20.5m net profit for H1,2023

AUB bags KD 20.5m net profit for H1,2023
Ahli United Bank bags KD 20.5m net profit for 1st half of ’23.

STC rakes in revenues of KD174.6M in H1, 2023

STC rakes in revenues of KD174.6M in H1, 2023
Kuwait Telecommunications Company rakes in revenues of KD174.6m for first six months of 2023 with KD16.1m net profit.

Banks should report violators of Int'l tax agreements

Banks should report violators of Int'l  tax agreements
Ministry directs Banks to report violators of International Tax Agreements.

Significant Decline in Kuwait’s Expat remittances

Significant Decline in Kuwait’s Expat remittances
Kuwait’s Expat remittances experience significant Decline, according to new report.

Kuwait’s non-oil sector to grow by 4.4% in 2023

Kuwait’s non-oil sector to grow by 4.4% in 2023
Markaz: Kuwait’s non-oil sector is expected to grow by 4.4% in 2023.

MoCI forms committee to develop Kuwaiti capital market

MoCI forms committee to develop Kuwaiti capital market
MoCI Bid to raise Kuwaiti financial markets to ranks of developed countries.

Kuwait earns KD 8bn from investments in 2022

Kuwait earns KD 8bn from investments in 2022
Kuwait earns KD 7.98 billion from investments in ’22

Kuwait economic growth lowest among GCC peers

Kuwait economic growth lowest among GCC peers
Kuwait economic growth lowest among GCC peers – World Bank

Kuwaitis have spent 4 billion dinars on travel in 2022

Kuwaitis have spent 4 billion dinars on travel in 2022
Kuwaitis reportedly spent KD 4 bln on travel in 2022.

Kuwait economic growth highly variable in recent years

Kuwait economic growth highly variable in recent years
Kuwait economic growth highly variable in recent years according to a recent report.

Forbes lists Kuwaiti dinar as strongest currency

Forbes lists Kuwaiti dinar as strongest currency
Forbes lists Kuwaiti dinar as ‘strongest currency’ in 2023; Bahraini dinar second, Omani rial 3rd

Ci-Net’s system to inquire about bounced cheques

Ci-Net’s system to inquire about bounced cheques
“Ci-Net” completes the preparation of a system for inquiring about bounced cheques.

MoE pays KD 15mn as vacation allowance for employees

MoE pays KD 15mn as vacation allowance for employees
MoE pays out KD 15mn as vacation allowance for its 3,715 employees.

Kuwait drops in ranking of richest countries

Kuwait drops in ranking of richest countries
New report: Kuwait drops in ranking of richest countries by per capita GDP.

Fairfax to acquire $860m Kipco stake in Gulf Insurance

Fairfax to acquire $860m Kipco stake in Gulf Insurance
Kuwait Projects Company announces the special deal agreed upon with Fairfax Financial Holdings Company to sell full stake in Gulf Insurance Group.
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