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banking
Kuwait: Central bank requested to ‘lift secrecy’ of ex-diplomat’s accounts
November 23, 2020
Cairo: Kuwait’s prosecutors have requested the country’s central bank to remove secrecy on local bank accounts of a former Kuwaiti ambassador,......
Continue Reading >Mastercard and Network International join forces
November 21, 2020
Mastercard, a technology leader in the global payments industry, and its strategic partner Network International, have announced a collaboration......
Continue Reading >National Bank of Kuwait sells $300mln in Tier 2 bonds -sources
November 19, 2020
DUBAI- National Bank of Kuwait sold $300 million in Tier 2 bonds with a 10-year maturity, non-callable for five years, at 2.5% on Tuesday, two sources......
Continue Reading >Kuwaiti Trade Union signs MoU with Gold Traders Federation to combat money laundering
November 17, 2020
Ministry of Commerce and Industry (MoCI) signed today, Monday, with the Kuwait Federation of Gold and Jewelry Traders, a memorandum of understanding......
Continue Reading >Dollar falls as vaccine boost fades; yen set for worst week since March
November 14, 2020
LONDON - The dollar slipped on Friday and risk appetite in currency markets eased, as worries about the economic fallout from surging COVID-19 cases......
Continue Reading >Kuwait: Bank accounts of social media influencers to remain frozen
November 2, 2020
Dubai: The Kuwaiti Criminal Court presided over by Judge Abdullah Al Othman rejected the grievances submitted by a company and three social media......
Continue Reading >National Bank of Kuwait's Q3 net profit drops 38% on bad debt provisioning
October 27, 2020
DUBAI, Oct 26 (Reuters) - National Bank of Kuwait , the country's biggest lender, on Monday reported a 38% drop in third-quarter net profit,......
Continue Reading >Expats take out over 4 billion Kuwaiti dinars in loans
October 20, 2020
Kuwait City: Banking sources have estimated that expats have taken out a total of 4 billion Kuwaiti dinars in loans, Al Qabas reported. Out of the......
Continue Reading >GCC banks face further profit drop
October 17, 2020
Banks in the GCC face an uphill struggle in the next 18 months due to the protracted nature of the economic recovery and the expected gradual withdrawal......
Continue Reading >Ekata Introduces Account Opening API
October 16, 2020
Ekata, a global leader in digital identity verification, introduces the Account Opening API, designed to take action on high-risk accounts to mitigate......
Continue Reading >Top News
MoCI outlines regulations for practicing real estate brokerage