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Business

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 …

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MPW preps 13 maintenance contracts worth over KD 50m

KUWAIT CITY, March 16: Assistant Undersecretary for Maintenance Engineering at Ministry of Public Works Eng Mohammad bin Nakhi revealed that 13 maintenance contracts have been …

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Market evolves on Kuwait bond

LONDON, March 16, (RTRS): Bond market debutant Kuwait overcame growing fears about higher Treasury yields to sell the biggest EM sovereign deal this year, marking …

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Kuwait, Egypt ink $55m loan accord for desalination plant – $4.5m aid for homeless Palestinian families

CAIRO, March 16, (KUNA): The Egyptian Government and Kuwait Fund for Arab Economic Development (KFAED) signed on Thursday the second loan accord, worth KD 18.5 …

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‘VAT revenue for Kuwait at 3 & 5% to equal 0.8 & 1.4% of GDP respectively’ – For effi ciency VAT must be easy to implement: Feaheny

KUWAIT CITY, March 15: The Union of Investment Companies (UIC) in coordination with PwC Kuwait conducted a seminar on the topic of Kuwait taxation updates …

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Kuwait banking system outlook stable: Moody’s

LIMASSOL, March 15: Moody’s Investors Service has maintained its stable outlook for Kuwait’s banking system, refl ecting the rating agency’s view that government- funded projects …

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Bonds reflect strong credit standing – Kuwait lauds successful pricing

LONDON, March 15, (KUNA): Kuwaiti Deputy Prime Minister and Minister of Finance Anas Al-Saleh said Tuesday that Kuwait’s recent successful bond issuance refl ected the …

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Kuwait bond competitive with ‘Gold’

DUBAI, March 14, (RTRS): Kuwait’s $8 billion debut international bond issue traded close to Abu Dhabi bonds in the secondary market on Tuesday, suggesting the …

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UAE airlines likely to see falling profits – Low cost long haul model could enter Middle East

ABU DHABI, March 14, (RTRS): The profitability of airlines based in the United Arab Emirates, the Middle East’s main aviation hub, is likely to fall …

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Gulf Bank announces participation in Kuwait University Career Fair

KUWAIT CITY, March 14: Gulf Bank is participating in Kuwait University Career Fair which started on Tuesday, March 14, 2017 at College of Business Administration …

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