Thursday , September 20 2018

Tag Archives: Bank

CBK introduces free SMS alerts

KUWAIT CITY, Aug 15:  Kuwait’s Central Bank (CBK) has instructed all local and foreign banks in the country to provide their clientele with the Short Message Service (SMS) free of charge, giving them real-time transaction alerts. The SMS service encompasses all debit card transactions as well as online banking, but …

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Kuwait to join Asian Infrastructure Investment Bank

Assembly endorses Anti-Doping Agency KUWAIT CITY, June 25: The Parliament endorsed the Anti-Doping Agency Bill in its first and second readings in an extraordinary session Monday with 45 out of 51 members voting in favor of the bill. This came after the Parliament discussed the report of the Youth and …

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MP queries on deposits in local, foreign banks by KIA and PASS

KUWAIT CITY, April 6: MP Safa’a Al- Hashem has presented a parliamentary query to the Minister for Social Affairs and Labor, Minister of State for Economic Affairs, Hind Al-Sabeeh on deposits in local and foreign banks by the Kuwait Investment Authority (KIA) and Public Authority for Social Security (PASS). She …

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Increase in interest ends era of ‘knock-down’ loans – Banks shrug off market status

KUWAIT CITY, March 18: Subsequent to the decision of Kuwait Central Bank to raise the deduction rate of Kuwaiti dinars by a quarter percent to 2.75 percent, the era of cheap loan has ended, especially as the US Federal Indices show a double raise in the rate of loan interest …

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Banking execs to partake in Harvard training meet

KUWAIT CITY, Dec 11, (KUNA): Kuwait will partake in Harvard “Leading Strategy Execution in Financial services” training program for bank executives in the Gulf countries, Governor of the Central Bank of Kuwait (CBK), Mohammad Al-Hashel has announced. Improving the performance of the national banking and financial sector cadres is a …

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Kuwait tops Gulf states in attracting commercial banks

RIYADH, Dec 3, (KUNA): Kuwait has ranked fi rst among the Gulf Cooperation Council (GCC) countries attracting commercial banks from fellow member states to open branches in the country, a statistical report revealed on Saturday. Kuwait is hosting eight branches of GCC commercial banks, followed by the UAE and Saudi …

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Kuwaitis trained at banks for year – Students seeking jobs in banks

KUWAIT CITY, Oct 15, (KUNA): Governor of the Central Bank of Kuwait and Chairman of the Institute of Banking Studies Dr Yousef Al- Hashel has declared start of enrolling the sixth batch newly-graduated students seeking qualification to work in banking. The planned course is part of a broad program to …

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Banks want purchase receipts – Truth in lending

KUWAIT CITY, Sept 26: Banks have instructed citizens and expatriates, who obtained loans, to submit receipts reflecting usage of the loan amount, reports Al-Shahid daily quoting sources. Sources explained the decision shall take effect on the first of October, stressing the banks will take legal action against those who will …

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Banks cautioned against global gang stealing data, rob clients – MoI provided info on organization’s modus operandi

KUWAIT CITY, Aug 15: The Central Bank of Kuwait has advised all banks and financial institutions to take precautionary measures as a criminal organization is copying data from credit cards by using miniature watches equipped with cameras to record data of clients and then use them to withdraw money, reports …

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Bank faces heavy fine for flouting rules

KUWAIT CITY, April 17: The Central Bank of Kuwait has slapped a KD 50,000 fine on a local bank for violating instructions issued by the bank on July 23, 2013, reports Al-Jaridah daily. According to reliable sources the bank was found guilty of money laundering clauses and financing terrorism. The …

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