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Tag: Kuwait

Posted on September 24, 2020

Humanitarian Pledges Must Be Met, Houthis Must Stop Hostilities to Stabilize Yemen

Deputy Secretary of State Steve Biegun and Under Secretary of State for Political Affairs David Hale participated in a meeting last Thursday with United Nations Security Council members, Kuwait, …

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Posted on September 24, 2020

Kuwait partakes in Global Business Councils’ meeting in Dubai

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 …

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Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

( read original story …)



Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

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Posted on September 23, 2020

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 …

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