Market

Kuwaiti finance minister to form panel for modifying terrorism funding law

Minister of Finance Barrak Al-Sheetan on Tuesday issued a ministerial resolution for forming a panel to examine amendment of the Law 106/2013 on money laundering AND terrorism financing as some of the tasks undertaken by the financial inspection division. Minister Al-Sheetan, in a statement to Kuwait News Agency (KUNA), said his decision was intended to […]

Market

Kuwait bourse posts significant gains

Boursa Kuwait wrapped up Monday’s session with the benchmark (All Share Market Index) rising by 60.22 points to the level of 4,922.31. Stock trades involved 63.74 million shares, in 5,864 spot deals, valued at KD 18.19 million (USD 67.30 million). Main Market Index climbed by 2.5 points to the level of 4,074.54 points, through stock […]

Market

Kuwait’s GDP drops one percent

Kuwait’s quarterly gross domestic product (GDP) dropped one percent in Q1 2020 compared to the same period of 2019, amounting to KD 9.7 billion (USD 32 billion), according to Kuwait Central Statistical Bureau. The bureau said in a statement to KUNA on Sunday the quarterly domestic product with current rates dropped by 8.8 percent in […]