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Central Bank of Kuwait latest

The approval of the Central Bank of Kuwait should be obtained if ownership exceeds 5 percent of the bank’s capital. (Shutterstock)

December 17th, 2018 - 08:12 GMT

Foreigners Can Now Own a Bigger Share of Kuwait's $39 Billion Banking Sector

The latest move comes in accordance with Decree 694, which notes that non-Kuwaiti investors shall be allowed to own and trade in Kuwaiti banks’ shares.

The trade surplus in first quarter rose to KD3.4 billion from KD2.3 billion the previous quarter. (Shutterstock)

August 15th, 2018 - 08:30 GMT

Report: Kuwait Current Account Hits $5.58 Billion

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)

August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)

July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)

July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

The remittances of expatriate workers in Kuwait had declined during 2017 by 9.2 percent to KD 4.14 billion compared to KD 4.56 billion in 2016. (Shutterstock)

July 22nd, 2018 - 07:58 GMT

Remittances Increase by 3.5 Percent in Kuwait in Q1'18

The move is expected to provide 17,000 job opportunities for Kuwaiti citizens. (Shutterstock)

March 11th, 2018 - 12:14 GMT

Kuwait to Increase Kuwaitization of Banks to 80 Percent in 2018

The sixth and last series to date began in 2014, with the Kuwaiti Dinar displaying an elegant design both depicting various landmarks and also increasing the size of the font to enable shortsighted individuals to read what’s written on the bill. (Shutterstock)

April 12th, 2017 - 09:02 GMT

Kuwait celebrates Dinar's 56th anniversary

Al Bawaba

August 8th, 2014 - 07:10 GMT

Talk about a capital flight? Kuwait top Arab investor abroad in 2013

Instead of confronting the gap between their assets and liabilities, and their flawed business model, companies secured debt agreements that prevented bankruptcy and proper debt work-outs (Pictured: Kuwait's The Central Bank of Kuwait).

September 11th, 2013 - 11:25 GMT

It's time to stop 'extending and pretending': Why Kuwait must really restructure its debt

Al Bawaba

June 5th, 2013 - 04:30 GMT

Islamic banks can fund Asia infrastructure -- Kuwait

Kuwait’s real GDP growth to have grown steadily by 5.2% for 2012

April 21st, 2013 - 07:05 GMT

Kuwait GDP pegged at 4.5 per cent

Kuwait credit growth increasing, as are protests

October 21st, 2012 - 12:51 GMT

Kuwait: Strong credit growth as protests continue