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Saturday , October 24 2020


Bank unpacks budget scenarios – Deficits seen rising

KUWAIT CITY, June 13: The Japanese MFUG Bank expects that Kuwaiti budget deficit during the current fiscal year 2020/2021 will reach about KD 7 billion, …

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KPMG report reveals New Age Banking trends

KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed commercial banks across the region …

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HUAWEI P40 Pro is available now in Kuwait

Kuwait, 10 June 2020: Huawei recently announced the long awaited HUAWEI P40 Pro complete with a unique design, powerful 5G capabilities and an advanced Ultra …

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No cash dividends distribution to bank shareholders for the year 2020

KUWAIT, June 10:- Kuwaiti Banking Association declared on Wednesday there would be no distribution of cash profits to banks’ shareholders for 2020. The association said …

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Boursa Kuwait’s E-Annual General Assembly approves cash dividend of over KWD5 million for 2019

Kuwait, June 9: Boursa Kuwait Securities Company (BKSC) held its E-Annual General Assembly (AGM) meeting for the year ended 31 December 2019 today, Tuesday, June …

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Stimulus supports banks in recovery

KUWAIT CITY, June 8: Number of economists and bankers, the amendment paper reviewed by the Central Bank Governor and Chairman of the Higher Steering Committee …

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Financial support for owners of small, medium enterprises

KUWAIT CITY, June 7: The Ministry of Finance received a request to allocate KD225 million for the implementation of the decision of the Council of …

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Economic solutions presented by govt will not solve crisis

KUWAIT CITY, June 7: Participants of a forum titled “Corona Crisis from Health to Economy”, which was held electronically unanimously agreed that the economic solutions …

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CBK tables proposal to boost economy

KUWAIT CITY, June 6, (Agencies): A proposal to boost the coronavirus-impacted local economy has been tabled during the most recent Cabinet meeting, Central Bank of …

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Taxi services in Kuwait suffers huge losses – KD 32 million in the last 3 months

KUWAIT CITY, Jun 6: According to the report gathered from people operating in the car rental and taxi sector, most taxi and car rental companies …

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