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banking
S&P affirms Kuwait credit rating at A+ with negative outlook
January 17, 2022
KUWAIT - The Standard & Poor's Global Ratings on Friday affirmed its long- and short-term foreign- and local-currency sovereign credit ratings......
Continue Reading >The Future of the Point of Sale Is Here: Visa Pioneers Cloud-based Payment Acceptance
January 14, 2022
Today Visa (NYSE: V) announced a new platform, Visa Acceptance Cloud (VAC), set to...
Continue Reading >Mary Kay Continues Its Commitment to Skin Science
January 14, 2022
Mary Kay Inc., one of the world’s innovative skincare companies, participated...
Continue Reading >Agency eyes banking data
January 14, 2022
KUWAIT CITY, Jan 13: The Competition Protection Agency (CPA) has started extrapolating all banking data for the years 2019 and 2020, as part of its......
Continue Reading >Central Bank obliges foreign banks in Kuwait to invest 90% of their deposits locally
January 13, 2022
The Central Bank of Kuwait has increased the percentage of funds foreign banks branches operating in Kuwait can investing in foreign markets, as......
Continue Reading >Mena growth to accelerate to 4.4% in 2022: World Bank
January 12, 2022
Economic growth is forecast to accelerate to 4.4% in the Middle East and North Africa region in 2022 before slowing to 3.4% in 2023, according to......
Continue Reading >Banks become ‘more stringent’ in granting loans to expatriates
January 11, 2022
KUWAIT CITY, Jan 10: The Central Administration of Statistics has issued a report which show the number of expatriates who receive monthly salaries......
Continue Reading >CBK obligates exchange companies to transfer money within 2 days
January 5, 2022
The Central Bank of Kuwait (CBK) has obligated exchange companies to carry out transfer operations of clients through correspondents abroad or through......
Continue Reading >Inside the ECB’s secret lab to sniff out fake euro bills
December 30, 2021
FRANKFURT: On the 23rd floor of the European Central Bank’s towering Frankfurt headquarters, on the other side of a security door, anti-counterfeiting......
Continue Reading >NIC appoints Gulf Bank as selli agent of Al Wataniya Fund
December 22, 2021
KUWAIT: In a major move towards developing new collaborations that aim to enhance the partnership between the investment companies and Kuwaiti banking......
Continue Reading >Top News
Four Seasons Hotel Kuwait makes two management promotions