Kuwait Central Bank maintains current discount rate of 3 percent level

Kuwait's Central Bank decided on Wednesday to keep its discount rate unchanged at its current level of 3 percent. The decision was made to...

Hilton and Alshaya Group partner on Master Development Agreement for 70 Hampton by Hilton...

Hilton and Alshaya Group, a leading international franchise operator, today announced a significant development of their ongoing relationship with the exclusive signing of a master development agreement to rapidly...

Deficit to fall as non oil revenue and oil prices rise

A report from the Ministry of Finance shows that Kuwait’s budget deficit narrowed to KD3.3 billion in the fiscal year that ended on 31...

Middle East faces sharp decline in economic growth

Economic growth in the Middle-East is expected to face a sharp decline in 2019, from the 1.5 percent in 2018 to 0.6 percent this...

Kuwait’s Commerce Minister: Business environment achieves qualitative leap 2018

Kuwaiti Minister of Commerce and Industry and State Minister for Services Khaled Al-Roudhan said on Thursday that the year 2018 witnessed a quantum leap...

CBK Governor forecasts economic improvement for banking sector

Banks' profitability is likely to stay healthy on back of better economic conditions, marginally higher interest income, improved credit off-take, lower provisions and a...

Import duty on gold could hurt Indian jewelry businesses

Malabar Gold & Diamonds, with an annual turnover in excess of US$4.5 billion, a retail network of 250 outlets spread across 10 countries, and...

Billions worth of investment expected after Boursa upgrade

The upgrade by Morgan and Stanley Capital International (MSCI) is expected to result in billions of dollars of investor inflows into the Boursa. In...

Exchange companies express difficulty in complying with Kuwaitization

Central Bank of Kuwait has clarified that it has no role in monitoring compliance with the Kuwaitization plan, or in imposing it on money-...

Boursa Chairman pleased with MSCI promotion

Chairman of Boursa Kuwait Company Hamad Al-Homaidhi has described Boursa Kuwait's promotion to an emerging market by Morgan Stanley Capital International (MSCI) as an...

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