Recently, ratings agency Moody’s downgraded Kuwait for the first time in its history. The finance minister warned that soon the government would not be able to pay salaries. Kuwait’s national bank …
Oil-rich Kuwait faces reckoning as debt crisis looms
When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike …
Oil-rich Kuwait faces reckoning as debt crisis looms
When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike …
Philippine embassy in Kuwait battles backlog of requests caused by COVID-19
He estimated the backlog at around 10,000 applications. In July, the Philippine embassy in Kuwait suspended its services for two weeks after one of its employees had tested positive for the …
COVID-19 cases in GCC: 16 die in Saudi Arabia, six in Oman, 2 in Kuwait
Dubai: The total cases of COVID-19 in Kuwait, Saudi Arabia, Oman, Qatar and Bahrain has risen to 840,959 on Monday, and fatality tally has now touched 8,525. Kuwait Kuwait today announced the …
Kuwait introduces new compulsory health insurance costing KD130
Dubai: Kuwait’s Health Insurance Hospitals Company (Dhaman) has announced it will be introducing a new KD 130 (Dh1.592) compulsory health insurance for two million residents working in the private …
Saudi Telecom’s digital payments business plans Gulf expansion
The digital payments business of Saudi Arabia’s Saudi Telecom Company (STC), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates, Kuwait and Bahrain, its …
Saudi Telecom’s digital payments business plans Gulf expansion
The digital payments business of Saudi Arabia’s Saudi Telecom Company (STC), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates, Kuwait and Bahrain, its …
What next for two remaining Islamic banks?
The future seems uncertain for two remaining standalone foreign Islamic banks in the country — Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corp (Malaysia) Bhd (Al …
Kuwait: Central bank requested to ‘lift secrecy’ of ex-diplomat’s accounts
Kuwait’s prosecutors have requested the country’s central bank to remove secrecy on local bank accounts of a former Kuwaiti ambassador, according to a media report. The public prosecution has written …