Market

KAFED handsomely supports national housing sector

Kuwait Fund for Arab Economic Development (KAFED) is continuing to earmark substantial sums for backing up the national housing sector.Latest allocation for the Public Authority for Housing Welfare (PAHW) amounted to KD 17 million (USD 56 million), sai…

Market

KAFED handsomely supports national housing sector

Kuwait Fund for Arab Economic Development (KAFED) is continuing to earmark substantial sums for backing up the national housing sector.Latest allocation for the Public Authority for Housing Welfare (PAHW) amounted to KD 17 million (USD 56 million), sai…

Market

CBK issues bonds, tawarruq worth KD 240 mln

The Central Bank of Kuwait announced on Monday that it issued KD 240 million (roughly USD 792 million) worth of bonds and tawarruq.The three-month issue period has a return rate of 1.250 percent, CBK mentioned in a statement to KUNA.Last January 4, CB…

Market

Kuwait announces three new oil discoveries

Kuwaiti Minister of Oil and Minister of Electricity and Water Dr. Mohammad Al-Faris today announced the discovery of two new oil fields for the Kuwait Oil Company (KOC) in different regions of the country, in addition to the discovery of the extension …

Market

USD stabilizes at KD 0.303, euro drops to KD 0.371

Exchange rate of the US dollar on Monday stabilized against the Kuwaiti dinar trading at KD 0.303, whereas the euro dropped to KD 0.371, compared to last Thursday’s rates, said the Central Bank of Kuwait (CBK).Rate of the sterling pound rose to KD 0.41…