Kuwait International Bank (KIB) extended on Monday USD 125 million bilateral Murabaha financing facility to Atheer Iraq, the Iraqi subsidiary of Zain Group for four years tenor.The proceeds were used to settle financing previously extended to enhance …
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CBK Publishes Economic Report for 2020
Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel announced the publication of the 49th issue of the Economic Report, published annually by the Central Bank of Kuwait (CBK).The 2020 Economic Report covers key economic developments, incl…
Kuwait, Mauritania discuss boosting economic cooperation
Finance Minister and Minister of State for Economic Affairs and Investment Khalifa Hamadah held talks on Sunday with his Mauritanian counterpart Mohamed Al-Amin Ould Al-Thahabi on issues of joint concern, means of boosting cooperation in various spher…
Kuwait’s GDP shrank by 8.9 percent last year — statistical bureau
The Central Statistical Bureau in a report released on Monday declared that Kuwait’s gross domestic product declined by 8.9 percent in 2020 in contrast to 2019, where the estimated value with constant prices amounted to KD 36 billion (USD 118.8 billion…
CBK issues KD 280 mln Tawarruq, bonds
The Central Bank of Kuwait (CBK) announced on Monday the issuance of Tawarruq and bonds worth KD 280 million (about USD 924 billion).The issue’s maturity period is six months, with a return rate of 1.250 percent, the CBK said in a statement to KUNA.On …
USD stable against at KD 0.300
The US dollar was stable at KD 0.300 on Sunday, while EURO went down at to KD 0.366, compared to Thursday’s rates.The central Bank said in its daily bulletin that the British sterling pound went down to KD 0.425, same as the Swiss Franc at KD 0.334, an…