Business
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Kuwait government’s top 10 entities lead in development project spending
The Public Authority for Industry ranked as the top government agency in terms of spending on its projects under the…
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‘2025’ set to mark recovery in Gulf fintech investments
Investments in Gulf Fintech companies fell sharply in 2024 but are expected to recover in 2025, driven by a resilient…
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‘Gulf Bank’ appoints new board of directors
The Gulf Bank has announced the reconstitution of its Board of Directors, naming Ahmed Mohammed Al-Bahar as Chairman and Ali…
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Kuwait’s Central Bank field teams pose unusual questions to banks
Banks do not have a dedicated department for customer inquiries, as most questions are repetitive and answered with standardized, canned…
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Kuwait’s Central Bank to closely monitor volume and value of electronic transactions
The Central Bank of Kuwait continues to leverage its strategic tools for a thorough analysis of electronic payment behaviors, marking…
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Kuwaiti dinar dominates global currencies as the most valuable
Investopedia reported that while the US dollar dominates global currency trading and markets, and the green currency has long been…
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‘Microsoft Kuwait’ to set up with capital of one million dinars
The Direct Investment Promotion Authority has approved the establishment of Microsoft Kuwait, with an initial capital of one million dinars.…
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‘S&P’ predicts Kuwaiti banks’ asset quality set to improve further in 2025
A report from Standard & Poor’s Global Credit Rating Agency (S&P) projects Kuwait’s GDP growth to increase to 3% in…
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Government calls for 50% increase in development projects during first half
A government report emphasized the need for greater effort to advance projects that stimulate the private sector, highlighting that returns…
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Gulf States push for increased private sector involvement in infrastructure financing
The Arabian Gulf Business Insight website reported that the decline in oil prices is prompting Gulf countries to involve the…
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