Latest News for: Kuwait currency

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Gulf Bank Celebrates Kuwaiti Heritage with “Journey of the Dinar” Exhibition

Arab Times 22 Apr 2024
Kuwait City, Apr 22 ... The currency notes feature representations of significant national symbols on the front and historical narratives of Kuwait’s development and economic achievements on the reverse side.
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Global broker IBKR plans DIFC office to expand Middle East presence

The National 12 Apr 2024
Most central banks in the GCC follow the US Fed's policy rate moves due to their currencies being pegged to the US dollar. Kuwait is an exception in the six-member economic bloc as its dinar is linked to a basket of currencies.
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Japan FIN Official Warns Against Currency Moves

MENA FN 25 Mar 2024
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, March 25 (KUNA) -- Japan's top currency diplomat warned on Monday that the government will take appropriate steps to respond to excessive weakness of yen ... .
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Egypt’s economy will get a decisive and sustained boost from UAE and other funding

Gulf News 20 Mar 2024
However, the aid package and increased dollar flows - including remittances from expats and the redirection of local dollar holders to sell to local banks - offer avenues to stabilise the currency and mitigate economic volatility.
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Remittances surge 13pc y/y in February as rupee stability boosts formal transfers

The News International 08 Mar 2024
"Generally, remittances have improved due to better compliance and enforcement by authorities, and elimination of grey market for currencies,” said Samiullah Tariq, the head of research at Pak-Kuwait Investment Company.
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Kuwait’s current account surplus to shrink in 2024

Arab Times 03 Mar 2024
KUWAIT CITY, March 3 ... This revision is primarily influenced by changes in Kuwait’s GDP data ... Nevertheless, Kuwait’s robust financial reserves, currency peg, and substantial assets are seen as providing stability amidst global economic uncertainties.
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Edgewater Markets Bolsters Team with Key Institutional and Compliance Hires

Finance Magnates 23 Feb 2024
Edgewater Markets Expands Leadership Team ... In August, the company launched foreign exchange trading technology services for the currencies of the Gulf Corporation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE) as well as Egypt ... ....
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LuLu Exchange Unveils Its 3rd Customer Engagement Center in Abbasiya

Arab Times 21 Feb 2024
LuLu Exchange Kuwait, a trailblazer in cross-border payments and foreign currency exchange, proudly inaugurated its 37th Customer Engagement Center in the nation, reaffirming its commitment to exceptional service and customer satisfaction.
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Japanese Amb.: Gov't eager to facilitate Kuwaitis' travel to Japan

Kuna 14 Feb 2024
During his speech, Ambassador Morino lauded the longstanding relations between Kuwait and Japan ... He noted that Japan would also like to attract foreign investments from all over the world, including Kuwait.
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KFH holds earnings webcast for FY-2023

Arab Times 12 Feb 2024
Al-Mukhaizeem explained that in 2023, Kuwait’s Central Bank (CBK) increased its discount rate by 75 basis points to 4.25%, as part of its efforts to preserve monetary and financial stability, boost ...
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Rokk appointed as MD of Egypt Kuwait Holding Company

Arab Times 05 Feb 2024
KUWAIT CITY, Feb 5 ... Egypt Kuwait Holding Company is actively pursuing development opportunities in the region to enhance its foreign currency earnings as part of a long-term strategy to sustainably increase shareholder returns.
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Egypt Kuwait Holding Company appoints Jon Rokk as Managing Director

Daily News Egypt 05 Feb 2024
Egypt Kuwait Holding Company is actively pursuing development opportunities in the region to enhance its foreign currency earnings as part of a long-term strategy to sustainably increase shareholder returns.
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