Market

Kuwait, World Bank ink partnership memo

— Kuwait’s Finance Minister and Minister of State for Economic and Investment Affairs Khalifa Hamadah and Regional Director of the World Bank for Saudi Arabia and the Arab Gulf Countries Esam Abo-Sulaiman signed on Monday a memorandum of partnership.T…

Market

CBK issues KD 290 mln Tawarruq, bonds

— The Central Bank of Kuwait (CBK) announced on Monday the issuance of Tawarruq and bonds worth KD 290 million (about USD 957 million).The issue’s maturity period is three months, with a return rate of 1.125 percent, the CBK said in a statement to KUN…

Market

USD stands at KD 0.300

– The exchange rate of the US dollar against the Kuwaiti Dinar on Thursday remained stable at KD 0.300, and the Euro also stood at KD 0.355, compared with the previous day’s figures, said the Central Bank of Kuwait (CBK).The CBK added in its bulletin t…

Market

Kuwait, S.Korea discuss economic relations

– Kuwait’s Finance Minister and State Minister for Economic Affairs Khalifa Hamada held talks on Tuesday with the S. Korean Ambassador to Kuwait Chung Ha, as part of efforts to forge closer economic relations.During the meeting, the two sides reviewed …