Business
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Kuwait’s credit card spending surges by 16.6% in 2023
Official data issued by the Central Bank of Kuwait revealed that total spending through credit cards during 2023 witnessed a…
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Markaz partakes in tax and legal affairs symposium
The Kuwait Financial Center (Markaz) recently engaged in the “Annual Symposium on Taxes and Legal Affairs in Kuwait,” organized by…
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Stakeholders urge KIA to revitalize troubled financial derivative instruments
As Kuwait endeavors to strengthen its financial landscape and attract diverse investments, stakeholders are urging the Kuwait Investment Authority to…
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KSE enhances market dynamics with stock lending, borrowing mechanism
In a move to bolster market liquidity and effectiveness, the Kuwait Stock Exchange is set to introduce a revamped stock…
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Oil prices rise amid Middle East tensions, but rate cut uncertainty caps gains
Oil prices experienced a slight uptick yesterday, driven by concerns over potential disruptions in Middle Eastern supplies due to heightened…
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Global oil markets expect production surge, moderate demand growth
The tepid demand for growth will be offset by a significant increase in oil production, particularly from the Americas, including…
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Kuwait’s exports to America 1.72 billion in 2023
Kuwait’s exports to the United States reached a value of $1.72 billion in 2023 compared to $2.04 billion in 2022.…
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KSE continues upward march for second consecutive session
The Kuwait Stock Exchange indices continued their upward trend for the second consecutive session this week, albeit at a slower…
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CMA committed to compliance, transparency in Kuwait’s financial markets
The Disciplinary Board of the Capital Markets Authority convened yesterday and issued several financial penalties against various companies and individuals…
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IMF predicts climate financing needs to touch $3 trillion by 2030
The International Monetary Fund (IMF) anticipates that climate financing needs in the Middle East and Central Asia region will soar…
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