Market

Inflation in Kuwait climbed 4.15% in August

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…

Market

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…

Market

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…

Market

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 …

Market

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…