Kuwait Financial News

30.07 / 17:05

Continental IOA asks Randhir Singh to continue as OCA's acting president, will helm Asiad

Randhir Singh will be in charge of the Olympic Council of Asia during the upcoming Asian Games in Hangzhou, China after the International Olympic Committee refused to recognise the recent election at OCA. The IOA has asked Randhir to continue discharging his duties as the acting president of the OCA.

27.07 / 12:59

Reuters show Gulf central banks raise key interest rates by 25 bps, mirroring Fed

Gulf central banks increased their key interest rates on Wednesday after the Federal Reserve raised rates by an expected quarter of a percentage point, citing still-elevated inflation as a rationale for the latest hike. The Fed raised its rate by 25 basis points (bps) on Wednesday and left the door open to another increase.

25.07 / 05:25

Reuters Man MER country symptoms What is the new MERS Coronavirus detected in Abu Dhabi? Symptoms developed without any contact history

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

20.07 / 17:25

Turkey's finance chief heralds $50.7 billion deals with UAE as Erdogan tours Gulf nations

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

20.07 / 11:41

Dogecoin Ethereum Provident Aware Action Bitcoin country Kuwait Regulator Issues “Absolute Prohibition” on All Crypto-Related Operations

Kuwait’s supervisory authorities – the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry and the Insurance Regulatory Unit – have jointly issued circulars banning the use and recognition of virtual assets in the Arab nation.

20.07 / 09:07

Government regulation Ban Asia Bitcoin Virtual assets Kuwait bans crypto and virtual assets transactions

The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC).

18.07 / 13:15

Digital Discover Pfizer Bank of America, Pinterest, Chipotle rise premarket; Morgan Stanley falls

Investing.com — U.S. futures edged lower Tuesday, with investors digesting a deluge of corporate earnings ahead of the release of retail sales and industrial production data.

12.07 / 17:15

BLOCK Cooper Maxim Progressive Remark negotiations India and GCC revitalize economic partnership: Resuming Free Trade Agreement negotiations

Ahead of Prime Minister Narendra Modi’s visit to the UAE later this week, India’s engagement with the Gulf Cooperation Council (GCC) has gained momentum as discussions on the Free Trade Agreement (FTA) between the two parties resume.

12.07 / 11:53

Provident Cooper VISA Hope India-GCC FTA becomes a reality 'very soon': Official

Gulf Cooperation Council have resumed talks for concluding a free trade agreement which is expected to bring new business opportunities for both sides, a top Indian official said on Wednesday as he expressed hope that the deal would soon become a reality. Secretary (Consular, Passport & Visa and Overseas Indian Affairs) in the Ministry of External Affairs Ausaf Sayeed also shared that India is in discussion with its bilateral partners with regard to alternate payment mechanisms like rupee trading and barter trading «especially under the new circumstances where most countries are facing challenges of foreign currency».

12.07 / 05:25

FIVE Extreme Career Best and worst countries for expats in 2023: Where does India stand? Full list here

Most of the expats find Mexico as their most favoured destination, followed by Spain, Panama, Malaysia, and Taiwan, according to a recent survey by InterNations, titled as ‘Expats Insider 2023’. On the other hand, Germany, South Korea, Turkey, Norway, and Kuwait appeared as the worst places for expats in the survey. India stood at 36th position in the index containing 53 nations.

12.07 / 02:59

Provident India hosts mega Arab business summit amid China’s growing eco inroads in region

China’s fast expanding economic footprint across the Arab world, with a focus on opportunities in various sectors, including healthcare, retail and infrastructure. The sixth edition of the conference is also aimed at promoting a multidirectional flow of investment and facilitating investment in areas of new opportunities, officials said.

08.07 / 19:41

UPS Indian ‘SAFF victory has instilled confidence in the team’, says Indian Men’s Team goalkeeper

SAFF Championship final against Kuwait earlier this week, goalkeeper Gurpreet Singh Sandhu speaks with Boria Majumdar about the all-important save, what the victory means for Indian football, the Asian Cup next year and more. ExcerptsHow do you look back at that brilliant save that helped India won the title? It was a hugely important save. The match and the trophy were up for grabs and all of our fans wanted it to happen.

05.07 / 05:03

UPS Twitter Remark India's Jeakson Singh raises 'Manipur flag' after SAFF Cup win, says, ‘Want to bring govt attention..’

ESPN. Jeakson Singh proudly displayed the Manipur flag throughout the SAFF championships winners' medal ceremony and even as he left the field with Mahesh. However, despite his noble intention of unity and peace, some fans criticized his gesture.

04.07 / 17:47

SAFF Championship Final: India win 9th title, beat Kuwait on penalties

India beat Kuwait in SAFF Championship Final after the game ended 1-1 following which the hosts prevailed 5-4 in a nail-biter of a penalty shootout.

04.07 / 17:31

FIVE penalty Time SAFF Championships: India beat Kuwait in penalty shootout to win title for 9th time

India clinched the SAFF Championships title for the ninth time after beating Kuwait 5-4 in a tense penalty shootout after both sides were deadlocked 1-1 in 120 minutes in the summit clash here on Tuesday. After five rounds of penalty kicks the scoreline remained 4-4 and sudden death rule was applied.Mahesh Naorem scored but a diving India goalkeeper Gurpreet Singh Sandhu saved Khaled Hajiah's shot to hand victory the home side.

03.07 / 16:01

Cooper expansion SCO leaders’ meet starting today may see expansion push

NEW DELHI : The leaders’ summit of the Shanghai Cooperation Organization (SCO) takes places on Tuesday under the chairmanship of India, with a likely push for inducting Iran and possibly Belarus as new members. Apart from Prime Minister Narendra Modi, the virtual summit is set to be attended by President Xi Jinping of China, Prime Minister Shehbaz Sharif of Pakistan, President Vladimir Putin of Russia and the leaders of a number of Central Asian countries. The previous summit took place in Samarkand, Uzbekistan, in September last year.

02.07 / 16:17

MET Cooper Booking Citizens Sweden government condemns 'Islamophobic' Koran burning: ministry

Koran outside Stockholm's main mosque, calling it an "Islamophobic" act, after an international Islamic body called for measures to avoid future burnings. «The Swedish Government fully understands that the Islamophobic acts committed by individuals at demonstrations in Sweden can be offensive to Muslims,» the foreign ministry said in a statement.

18.05 / 18:31

Adoption open Whampoa Group Private Family Office to Open Digital Bank in Bahrain – Here's the Latest

Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms.

12.01 / 21:47

Corruption scandal: EU Parliament chief vows to review laws and trips in search for undue influence

The European Parliament will review undeclared trips from lawmakers and pieces of legislation that might have been unduly influenced as a result of the alleged cash-for-favours scheme that has unleashed a political storm across Brussels and beyond, President Roberta Metsola has said.

16.12 / 04:13

COST Hedge fund talent picks Middle East over London and New York, headhunters say

Amid the rising cost of living and higher taxes, top hedge fund talent is moving away from financial centres like London and New York to the UAE, Saudi Arabia, Kuwait, and Bahrain, according to headhunters.

02.09 / 09:41

COST FIVE Cooper Fitch Warning Turkey's skyrocketing inflation is flashing warning signals for Gulf banks

DUBAI, United Arab Emirates — Banks with exposure to Turkey have faced losses ever since the country's currency began steeply depreciating in 2018; now, lenders in several oil-rich Gulf states in particular are set to take a hit in the next year because of their links to the country, according to a recent report by ratings agency Fitch.

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