– Kuwait Credit Bank (KCB) mourned, Monday, the passing of its founder and first managing director Abdulaziz Al-Dousari who managed the bank from 1960-1969.Bank deputy chairman and managing director, Salah Al-Mudhaf, mentioned in statement that Al-Dous…
Market
Export Bahrain, talabat signs agreement
Manama, Nov. 29 (BNA): Export Bahrain and talabat have signed a region-wide agreement to facilitate the export of Made-in-Bahrain products throughout the MENA region with the aim of improving trade and business for SME exporters based in Bahrain throug…
CBK issues KD 360 mln in tawarruq, bonds
Central Bank of Kuwait (CBK) announced, Monday, the issuance of bonds and tawarruq valued at KD 360 million (approx. USD 1.19 billion).CBK stated to KUNA that the issue’s maturity period is six months, with a return rate of 1.250 percent.On the 15th o…
Kuwait Credit Bank lends USD 11 bln
Kuwait Credit Bank offered over the past 10 years loans worth KD 3.38 billion (USD 11 billion).The bank said in a statement on Sunday that number of the loans during the same period amounted to 133,000, and count of the beneficiaries settled at 1.56 mi…
Kuwait reappoints Sheikh Sabah al-Khalid as prime minister
Published by Al-Araby Kuwait’s Prime Minister Sheikh Sabah al-Khalid has been reappointed prime minister, state media said on Tuesday, and tasked with forming a cabinet that would be the Gulf OPEC oil producer’s third this year in a domestic political standoff. State news agency KUNA said Sheikh Sabah, prime minister since late 2019, was reappointed […]
Bahrain, AFESD sign agreement
Manama, Nov. 22 (BNA): Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, stressed Bahrain’s resolve to press ahead with economic development to achieve the desired goals. He affirmed the need to build on previous achieveme…