DUBAI, Sept 23 (KUNA) — Kuwait Business Council in Dubai (KBC) on Wednesday took part in the virtual meeting of the Global Business Councils that includes delegations of 31 countries.
The KBC’s …
The KBC’s …
Reports: Kuwait and the UAE in economic pain amid pandemic
DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United …
Reports: Kuwait and the UAE in economic pain amid pandemic
DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United …
Kuwait downgraded for the first time as ‘liquidity risks’ escalate
Moody’s Investors Service takes unprecented decision, reflecting the increase in the Kuwait government’s liquidity risks …
Kuwait gets first Moody’s downgrade over ‘liquidity risks’
Liquid assets there are close to being depleted, forcing the Finance Ministry to push through other measures to meet spending needs. Kuwait’s parliament this month approved the state budget for the …
Moody’s downgrades Kuwait for first time over liquidity risks, weak governance
Lacking a new public debt law, the govt has been unable to borrow since a debut Eurobond in 2017.Liquid assets there are close to being depleted, forcing the Finance Ministry to push through other mea …
Ten Kuwaiti MPs sign non-cooperation motion against the Prime Minister
Ten Kuwaiti Members of Parliament submitted a “non-cooperation” motion against Kuwait’s Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah, the speaker of the Kuwaiti National Assembly, Marzouq …
Renault Al Babtain Launches an Exceptional Campaign in Collaboration With Kuwait Finance House on the New Renault Koleos 2021
Abdulmohsen Abdulaziz Al Babtain Co., the authorized agent of Renault in the State of Kuwait recently launched a campaign in partnership with Kuwait Fin …
FinCEN Files: Kuwait’s NBK clarifies US authorities have not approached since 2014
Bank says it was cited in $1.3mln of suspicious activity reports, but has not been approached by US authorities since 2014 …
Moody’s downgrades Kuwait’s credit rating to A1; changes outlook to stable
The decision to downgrade the ratings reflects both the increase in government liquidity risks and a weaker assessment of Kuwait’s institutions and governance strength,” Moody’s said in a statement.