The consumer prices on an annual basis grew by 4.15 percent in August, according to the State of Kuwait Central Statistical Bureau.In a statement to KUNA on Wednesday, the bureau indicated that inflation rate in Kuwait increased by 0.08 percent on a m…
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CBK issues bonds, tawarruq worth KD 240 mln
The Central Bank of Kuwait (CBK) announced new CBK Bonds and related Tawarruq valued at KD 240 million (some USD 792 million).The new security bear a maturity term of six months and a return rate of 3.750 percent, according to a CBK statement received…
USD stabilizes at KD 0.308 – CBK
The US dollar stabilized on Thursday at KD 0.308, while the Euro went up by 1.05 percent to reach KD 0.308 compared with Wednesday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound was up by 0.34 percent to…
Seven Kuwaiti firms to participate Malaysia International Halal Showcase
Kuwait will participate with seven national factories at the Malaysia International Halal Showcase (MIHAS), said the Public Authority for Industry (PAI) Tuesday.The 4-days exhibition with be held in the capital Kuala Lumpur with participation of nearl…
KCB launches smart branch service
Deputy Board Chairman of Kuwait Credit Bank Salah Al-Modhaf inaugurated the smart branch service, dubbed ‘tam’ (completed or done) at the KCB HQ on Sunday.The move is one of the Bank’s achievements in the digitization drive, Al-Modhaf said during the …
Gold price at USD 1,712 per ounce – report
The price of gold at the global market ended last week’s trading at USD 1,712 per ounce, recording losses for the third week in a row, showed a report on Sunday.Gold retained a bit of its price in trading ending on Friday as the US report on unemploym…