Market

CBK issues KD 240 mln Tawarruq, bonds

The Central Bank of Kuwait (CBK) announced on Monday the issuance of Tawarruq and bonds worth KD 240 million (about USD 792 million).The issue’s maturity period is six months, with a return rate of 1.250 percent, the CBK said in a statement to KUNA.On…

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New finance minister, opposition lawmakers in Kuwait’s cabinet

Published by Reuters UK By Ahmed Hagagy KUWAIT (Reuters) – Kuwait formed a new cabinet on Tuesday with a new finance minister and including three opposition lawmakers following a standoff between previous governments and the parliament. Oil Minister Mohammad al-Fares was reappointed. Abdul Wahab Al-Rasheed, head of the non-governmental Kuwait Economic Society, replaced Khalifa Hamada […]

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USD traded at KD 0.302 — CBK

– The US dollar was traded at KD 0.302 and the Euro stood at KD 0.342 on Tuesday.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound rose to KD 0.406, while the Swiss franc was stable at KD 0.329 Moreover, the Japanes…

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USD stable at KD 0.302, EURO at KD 0.342 — CBK

– The US dollar was traded at KD 0.302 and the Euro stood at KD 0.342 on Monday.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound was up to KD 0.405, the Swiss franc was also up traded at KD 0.329.Moreover, the Japa…