Category: Industry

The launch of the Higher Steering Committee for Economic Stimulus is announced in a press statement.   Source: Ministry of Central Bank

The Central Bank of Kuwait (CBK) announced the most recent issues of CBK Bonds and related Tawarruq at a total value of KWD (240) millions

Moody’s Investors Service has on 30 March 2020 placed Kuwait’s Aa2 long-term issuer rating on review for downgrade.   Source: Ministry of Central Bank

The International Monetary Fund (IMF) announced on March 30, 2020 the Conclusion of 2020 Article IV Consultation with the State of Kuwait.   Source: Ministry

The Central Bank of Kuwait’s Board of Directors has decided on 16 March 2020 to cut the discount rate 1% (from 2.5% to 1.5%) effective from 17 March 2020. This decision is part of the preventative measures the CBK has taken to contain the negative impa…

The U.S. central banking system announced moves Thursday to stabilize the global financial system by putting $1.5 trillion into short-term lending markets, and the purchase of $60 billion in Treasury bonds to fuel the bond market.A Fed statement said t…

In compliance with the decision of the Council of Ministers dated 11 March 2020, the Central Bank of Kuwait shall be closed for business as of Thursday, 12 March 2020 till Thursday 26 March 2020. Business shall resume as of Sunday, 29 March 2020.Source…

WASHINGTON, DC – February 21, 2020 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Sudan.Regime change has created a window of opportunity for fundamental reforms to address major macro imbala…

In a statement released Sunday marking the occasion of International Women’s Day, the Central Bank of Kuwait (CBK) highlighted its longstanding commitment to women’s empowerment and celebrated the hundreds of professional women amongst its staff. This …

The Central Bank of Kuwait (CBK) announced, Sunday March 8, 2020, the establishment of a KD 10 million fund that would support the State of Kuwait’s efforts to combat the spread of the novel Coronavirus, funded by Kuwaiti banks for that purpose. This c…

Britain’s biggest domestic airline is the latest casualty of the coronavirus outbreak. Flybe was rescued from near collapse in January but finally went bankrupt Thursday, hit by low demand and customer cancellations in the wake of the Covid-19 outbreak…

In light of the uncertainty of global economic growth prospects, and the negative impact of the coronavirus outbreak on global economic activity and international trade and decrease in total demand rates and domestic product. In addition to the Fed’s d…

Dubai: The United Arab Emirates and Saudi Arabia strengthen their economic partnership to enhance the trade, diversify and create opportunities for the businesses and people.Etihad Credit Insurance (ECI) the UAE Federal export credit company has partne…

The Central Bank of Kuwait (CBK) announces the completion of a Strategic Cyber Security Framework for the Kuwaiti Banking Sector in the State of Kuwait.Source: Ministry of Central Bank

WASHINGTON The regulatory environment for women’s economic participation has improved over the past two years, with 40 economies enacting 62 reforms that will help women � half the world’s population � realize their potential and contribute to economic…

The Central Bank of Kuwait (CBK) Emphasizes the Protection of the Banking and Financial System from the Risks of Money Laundering.Source: Ministry of Central Bank

The Central Bank of Kuwait (CBK) announces the publishing of the White Paper of CBK International Banking Conference: Shaping the Future.Source: Ministry of Central Bank

The Central Bank of Kuwait (CBK) is hosting a workshop on the supervision and regulation of financial technology (FinTech), provided by the IMF’s Middle East Center for Economics and Finance (CEF), during the period from 10th Feb to 13th Feb 2020.Sourc…

(Addis Ababa, Ethiopia): IGAD region exports only 50% and less than 10% of live animals and meat respectively to huge Middle East and North African (MENA) countries’ annual demand, an indication of a big potential to exploit if appropriate enhancement …

Sudan’s military said Wednesday it backed a surprise meeting between the country’s leader and Israel’s prime minister in Uganda this week, saying the opening would help boost national security.General Abdel Fattah al-Burhan, chairman of Sudan’s ruling …

Cape Town: Saudi Mining Sector of the Ministry of Industry and Mineral Resources participated in the annual Investing in African Mining Indaba Conference, held in South Africa, on February 3-6.Deputy Minister of Industry and Mineral Resources for Minin…

Manama: His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, today received Iqbal Khan, member of the Executive Board and Co-President of Global Wealth Management at UBS Grou…

The Central Bank of Kuwait (CBK) press statement on the International Monetary Fund (IMF) mission to the State of Kuwait from January 7th through January 20th, 2020.Source: Ministry of Central Bank

GENEVA – The U.N. refugee agency and partners are appealing for $658 million this year for 735,000 refugees and more than half-a-million Ethiopians hosting them.The U.N. refugee agency praises the many rights granted by the Ethiopian government to refu…

Manama: Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, today received the Arab Republic Egypt’s Minister of Trade and Industry, Her Excellency Dr. Nivine Gamea, at Gudaibiya Palace. During the meeting, HRH the Deputy King highlight…

Manama: Deputy Prime Minister, Shaikh Khalid bin Abdulla Al Khalifa, has affirmed that the Bahraini-Saudi ties have become a distinguished role model for relations between countries, especially neighbouring ones, for their special distinct features. H…

The Central Bank of Kuwait received an invitation today to become a member of the Bank of International Settlements (BIS). In a statement, His Excellency the Governor of the Central Bank of Kuwait Dr. Mohammad Y. Al-Hashel said, We are very pleased wit…

Manama: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has received a cable of thanks from the Chairman of Sudan’s Transitional Sovereignty Council, General Abdel Fattah Al-Burhan, over the victims of the Khartoum factory incide…

Manama: His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister received a cable of thanks from the Chairman of Sudan’s Transitional Sovereignty Council, General Abdel Fattah Al-Bur…

The Governing Board of the International Islamic Liquidity Management Corporation (IILM) has appointed His Excellency Dr. Mohammad Y. Al Hashel, the Governor and Chairman of the Board of Directors of the Central Bank of Kuwait, as its Chairman for year…