News Kuwait Farwaniyah: Kuwait International Bank rolls out corporate online banking platform
Kuwait International Bank (KIB) has announced the launch of its all-new Corporate Online Banking platform, heralding a new phase of financial empowerment and security for its corporate customer.
News Kuwait Farwaniyah: Kuwait records first fiscal surplus in nearly a decade: ministry
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said on Wednesday, crediting last year's surge in oil prices. More than 92 percent of revenues came from oil after prices surged following last year's Russian invasion of Ukraine.
News Kuwait Farwaniyah: Kuwait Imposes Ban on Cryptocurrencies in Accordance with FATF Guidelines
Kuwait enforces strict ban on cryptocurrencies in accordance with FATF guidelines, encompassing payments, investments, and mining activities.
News Kuwait Farwaniyah: Jazeera Airways Launches Two Kuwait-Tehran Flights
The number of flights between Tehran’s Imam Khomeini International Airport and Kuwait has increased with two new flights scheduled by Jazeera Airways on Sundays and Fridays, according to Saeed Chalandari, the caretaker of IKIA.
News Kuwait Farwaniyah: Kuwait to set up new sovereign fund to develop mega projects and local economy
Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday.
News Kuwait Farwaniyah: Kuwait: Finance minister resigns after three months in latest political turmoil
Al-Hajeri's resignation allegedly stems from his objection to the transfer of the Kuwait Investment Authority to Oil Minister Saad Al-Barrak after he took over as state minister for economic and investment affairs.
News Kuwait Farwaniyah: Kuwait to invest more than $300 billion in energy sector by 2040, oil minister says
Kuwait will invest more than $300 billion in the energy sector by 2040, Kuwait's oil minister Saad Al Barrak told UAE's state news agency (WAM) on Thursday.
News Kuwait Farwaniyah: Kuwait to invest more than $300 bln in energy sector by 2040 - oil minister tells WAM
Kuwait will invest more than $300 billion in the energy sector by 2040, Kuwait's oil minister Saad Al Barrak told UAE's state news agency (WAM) on Thursday.
News Kuwait Farwaniyah: Saudi And Kuwait Claim Gas Field Eyed By Iran
Saudi Arabia has said it enjoys "full rights" along with Kuwait to a disputed gas field in the resource-rich Gulf, pushing back against claims by Iran, state media reported late Tuesday.
News Kuwait Farwaniyah: Abadan-Kuwait Flights Resume
Flights between the city of Abadan in the southwestern Iranian province of Khuzestan and Kuwait have been relaunched by Iran Air after a one-year hiatus.
News Kuwait Farwaniyah: Kuwait forms cabinet with new oil, finance and defence ministers
The governmental shake-up is the result of snap elections as the Gulf nation grapples with ongoing political bickering.
News Kuwait Farwaniyah: Kuwait forms cabinet with new oil minister, finance minister re-appointed
DUBAI (Reuters) -Kuwait formed a new government on Sunday naming Saad Al Barrak as oil minister to replace Bader Al-Mulla and reappointing Finance Minister Manaf Abdulaziz Al Hajri. Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as prime minister last week, formed the new cabinet announced in a decree carried by the state news agency KUNA. The Gulf Arab state also named a new defence
News Kuwait Farwaniyah: US approves $1.8bn follow-on technical support sale to Kuwait
Kuwait to strengthen military capabilities and security by acquiring contractor services and comprehensive support sale from the US.
News Kuwait Farwaniyah: MARKAZ.KW - Kuwait Financial Centre - KPSC
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News Kuwait Farwaniyah: A Statement By Kuwait Financial Centre “Markaz”
Kuwait Financial Centre "Markaz" issued a statement revealing that, on the evening of Friday 30th April 2021, a member of its Executive Management has been subjected to defamation attempts via ...
News Kuwait Farwaniyah: Kuwait’s credit growth slows in Q1
KUWAIT: Domestic credit started the year on a relatively weak note, increasing by 0.6 percent q/q in Q1 2023, cutting the y/y increase to 5.1 percent through March. Higher interest rates, banks’ lower price competition in terms of retail lending, and normalizing growth following a very strong 2022 are some of the factors behind the softening growth so far this year.Business credit increased by 1.2 percent q/q, cutting the y/y increase to 4.2...
News Kuwait Farwaniyah: Finances, education behind smaller family size in Kuwait
By Ghadeer GhloumKUWAIT: In the past, people used to have a great sense of pride and belonging in their large families and extended relatives. However, with the emergence of modern education and the increasing demands of work, this has drastically changed. Today, the priorities of people have shifted, and family size is no longer the sole source of pride and identity for individuals. Statistics from Kuwait’s Public Authority for Civil...
News Kuwait Farwaniyah: Kuwait warns top labor-exporting countries to respect agreements
KUWAIT: Informed sources revealed the Public Authority of Manpower has sent warnings to labor attachés of various embassies that have large communities of workers in Kuwait of the necessity of adhering to bilateral labor agreements, respecting Kuwaiti laws related to employment and residency and not imposing conditions on Kuwait related to recruiting workers that go beyond the agreements signed. PAM warned that violating these agreements will...
