The Central Bank of Kuwait (CBK) said Monday it issued KD 240 million (USD 792 million) worth of bonds and tawarruq.The issue’s maturity period is six months with a return rate of 1.250 percent, the CBK said in a statement to KUNA.Late December, the C…
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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 …
Kuwait Central Bank hails global cybersecurity standards met by banks
The Central Bank of Kuwait (CBK) commended several local banks after being recognised by the International Organization for Standardization for compliance with ISO 27001: 2013 requirements for information security management.This certification comes o…
Legal Expert: Iraq May Return To Chapter Seven If Political, Security And Economic Crises Continue
The legal expert, Ali Al-Tamimi, confirmed that if the political, security and economic crises continued, the Security Council might return Iraq to the international trusteeship.Al-Tamimi said in a statement that the National Iraqi News Agency / NINA /…
Kuwait’s trade surplus with Japan down 21.9 Pct in Nov
Kuwait’s trade surplus with Japan fell 21.9 percent from a year earlier to JPY 22.2 billion (USD 214 million) in November, down for the 8th month due to weak exports, government data showed Wednesday.However, Kuwait stayed in black ink with Japan for …
Kuwait central bank issues KD 290 mln bonds, Tawarruq
The Central Bank of Kuwait (CBK) said Monday that it has issued KD 290 million (USD 957 million) worth of bonds and Tawarruq.The issue’s maturity period is six months with a return rate of 1.250 percent, CBK said in a statement to KUNA.Earlier this mon…