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Business

Kuwait banks can withstand challenges – CBK confident

Dr Mohammad Al- Hashel, Governor of the Central Bank of Kuwait (CBK) BEIRUT, Feb 13, (KUNA): Kuwait banking sector is solid and capable of withstanding …

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Zain 2019 revenue soars 26% to KD 1.66bn

BoD recommends minimum cash dividend policy of 33 fils per share for three years: Al-Kharafi Ahmed Al Tahous, Zain Group Chairman and Bader Al-Kharafi , …

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Supreme Petroleum Council agrees to study ‘restructuring’ of oil sector

Merger of oil companies’ His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Sabah KUWAIT CITY, Feb 12: The Supreme Petroleum Council approved in its first …

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Project bidding for 5th Ring Road delayed

KUWAIT CITY, Feb 12: The Ministry of Public Works had put on hold the bidding for the Fifth Ring Road project following a major controversy …

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Minister of Commerce supports ‘homegrown’ industrial projects

Amir extol KCCI chief on honorary ABC post One of the participants in expo ‘Maker Faire’ KUWAIT CITY, Feb 11, (KUNA): Kuwaiti made projects dealing …

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Finance Minister, London Lord Mayor discuss ‘boosting’ ties

‘Govt, investors have role in achieving net-zero economy’ Finance Minister and Acting State Minister for Economic Affairs Mariam Al-Aqeel KUWAIT CITY, Feb 11, (KUNA): Kuwaiti …

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Saudi company takes 25% stake in Kuwaiti-owned JOLT cafe

KUWAIT CITY, Feb, 10 : An undisclosed Saudi company has acquired 25 percent ownership of JOLT café which is owned by a group of young …

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CBK reduces interests’ rate structure

KUWAIT CITY, Feb 10: The Central Bank of Kuwait has reduced the interests’ rate structure for liquidity management tools, reports Al-Qabas daily quoting informed sources …

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Some local banks adopt new strategy to ‘court’ depositors

Interest waived on a third of loan granted KUWAIT CITY, Feb 10: Some banks have recently adopted a new strategy what it called ‘credit courtship’ …

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The Ministry of Interior to float tender for fuel cards

KUWAIT CITY, Feb 9: The Ministry of Interior will float a tender for the supply of fuel cards (gasoline cards) that is worth 9.6 million …

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