Banks reject deferral of loan repayments

Government recently rejected the proposal from parliament for the postponement on repayment of bank loans taken by citizens and businesses for a further six...

Banking sector buttresses economy as oil roils

Oil prices have a significant influence on market sentiment in Kuwait; a buoyancy witnessed in the market when oil prices climb, sinks with every...

Kuwait oil price down USD 2.13 to USD 33.02 pb

The price of Kuwaiti oil went down by USD 2.13 to USD 33.02 per barrel on Friday in contrast to USD 35.15 pb the...

Central bank governor: Kuwait reaping fruits of prudent monetary policies

Kuwait is currently reaping benefits of prudent monetary policies that have been adopted since a decade ago, in face of current unprecedented crisis ripples...

CBK implements Afaq payment system in Kuwait

The Central Bank of Kuwait (CBK) joined on Sunday the Arabian Gulf System for Financial Automated Quick Payment Transfer (Afaq) which was set up...

Zain Strategic Partner of region’s first Rafa Nadal Academy

Company renews support for one of nation’s biggest sports initiatives to empower young talents Zain, Kuwait’s leading digital service provider, announces the extension of its...

Kuwait has no investments in Ukraine, but conflict will impact sovereign fund

Kuwait Investment Authority does not own any investment in Ukraine, in addition to that its investments in Russia are almost negligible. Al-Qabas quoting sources from...

Statistics show 35% decline in Kuwait’s exports to Saudi Arabia

Data issued by the Saudi General Authority for Statistics showed that the volume of Kuwaiti exports to the Kingdom during July 2022 was about...

Boutiqaat to cooperate in money laundering investigation

Boutiqaat Company affirmed its complete readiness to cooperate with the Department of Public Prosecution and the Kuwaiti judiciary to reach the truth after the...

Bourse 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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