Tag Archives: money

Money supply fell 0.3 percent in August: Central Bank of Kuwait KUWAIT CITY, Oct 11, (KUNA): Broad money supply (M2) declined by 0.3 percent in August compared with July, recording KD 37.9 billion ($125 billion), according to the Central Bank of Kuwait (CBK). Private sector’s deposits with local banks in …

KUWAIT CITY, Nov 18: Millions of dinars remain ‘dormant’ in about half a million bank accounts in Kuwaiti banks. Some of these accounts have millions of dinar deposits while others are in hundreds of dinars, reports Al-Rai daily quoting sources familiar with these accounts. These millions of dinars are ‘dormant’ …

KUWAIT CITY, June 10: Kuwaiti youth Zaid Al-Khabbaz lost 16,000 Saudi Riyals in Madina while performing the minor pilgrimage (Umrah) with his family in Saudi but the money reached Makkah in full before the owner, reports Al-Seyassah daily. Al-Khabbaz explained that his family went straight to Miqaat (the location where …

KUWAIT CITY, Sept 16: Market shares of money exchange companies have recorded drop by about 97.5 percent in the last few months compared to the same period last year, reports Al-Rai daily quoting sources from the money exchange sector. They indicated that Kuwait has 40 exchange companies including five major …

KUWAIT CITY, March 9: In this week’s Arab Times online poll, readers shared their experience with lending money to others in Kuwait with the majority of respondents relaying negative experiences. 18 percent of voters shared that lending money meant that one had to constantly follow up for the repayment of …