Business
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JP Morgan, HSBC and FIL expect dollar’s gains to continue next year
Three major financial institutions expect the dollar’s gains to continue in 2024, despite the inevitable reduction in US interest rates…
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2023 was best for cryptocurrencies
The current year was one of the best performing years for cryptocurrencies, especially Bitcoin, after more than $530 billion was…
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KCCI takes part in 63rd meeting of Federation of Gulf Cooperation Council Chambers
The Kuwait Chamber of Commerce and Industry actively participated in the 63rd meeting of the Board of Directors of the…
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Kuwait’s foreign exchange reserves at 12.45 billion dinars
As of the conclusion of November, Kuwait’s foreign exchange reserves stood at 12.45 billion dinars, indicating a monthly rise of…
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Houthi attacks have impacted navigation in Suez Canal
The Panama Canal Authority stated on Thursday that there has not been a noticeable surge in shipping traffic attributed to…
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Oil prices rise 1% Friday due to Houthi attacks on ships in the Red Sea
Oil prices experienced a rise of up to 1% Friday due to ongoing tensions in the Middle East following Houthi…
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Kuwait makes progress in Arab economies’ Competitiveness Index for 2023
The Arab Monetary Fund announced that Kuwait has shown advancement in the overall competitiveness index of Arab economies for the…
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Saxo predicts gold to rebound, recession for stock markets
Saxo Bank’s forecasts for the year 2024 showed that stocks may witness a recession, which is a major indicator of…
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Exploration and production sector demands substantial investments
S&P Global Ratings highlighted Kuwait’s frequent cabinet reshuffles and governmental changes, underscoring the challenge of implementing policies for advancing the…
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JP Morgan Bank sounds note of caution
JP Morgan Bank expressed its caution regarding the cryptocurrency market in 2024, particularly in anticipation of the potential approval of…
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