Central Bank of Kuwait

Type: Organization
Name: Central Bank of Kuwait
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

No devaluation of KD against GBP

KUWAIT: Rumours about a drastic devaluation of the Kuwaiti dinar (KWD) against the sterling pound (GBP) last week were refuted yesterday by employees of exchange companies across Kuwait. According to an employee from one of the leading exchange companies ... [Published Kuwait Times - Apr 23 2014]
First reported Apr 21 2014 - Updated Apr 21 2014 - 1 reports

MPs bid to clip press closures

Suspension of dailies mars reputationKUWAIT CITY, April 21: MP Abdulkareem Al-Kandari presented a draft bill to amend Press and Publications Law number 3/2006 right after the issuance of a decision on the temporary closure of Al-Watan and Alam Al- Yawm ... [Published Arab Times - Apr 21 2014]
First reported Apr 21 2014 - Updated Apr 21 2014 - 1 reports

KUWAIT: New legislation required for government Sukuk issuances, according to Kuwait's central bank governor

KUWAIT: The call for new legislation to aid the issuance of government Sukuk has been made by Dr Mohammad Al Hashel, the governor of the Central Bank of Kuwait... ... [Published Islamic Finance News - Apr 21 2014]
First reported Apr 21 2014 - Updated Apr 21 2014 - 1 reports

Kuwait’s Central Banker calls for legislation on Government Sukuk

He also noted that, "The Kuwaiti market has reached a balancing phase between traditional and Islamic banking, as there are five Islamic banks and five traditional banks in addition to a foreign Islamic bank branch.”According to Kuwait state news agency ... [Published CPI Financial - Apr 21 2014]
First reported Apr 20 2014 - Updated Apr 21 2014 - 1 reports

CBK Gov. says economic reforms should be nat'l project

KUWAIT, April 20 (KUNA) -- The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel said Sunday economic reforms in the Gulf country should be a national inclusive project consisting of "legislative and institutional" initiatives.At the ... [Published Kuwait News Agency - Apr 20 2014]
First reported Apr 13 2014 - Updated Apr 14 2014 - 2 reports

USD up to KD 0.281

KUWAIT, April 14 (KUNA) -- Exchange rate of the US greenback vis-a-vis the Kuwaiti dinar rose to KD 0.281 per dollar, as the euro dropped to KD 0.389, said the daily exchange rate bulletin of the Central Bank of Kuwait on Monday.The bulletin said the ... [Published Kuwait News Agency - Apr 14 2014]
First reported Apr 10 2014 - Updated Apr 10 2014 - 1 reports

Tax-News.com: Kuwait Prepares To Sign FATCA IGA

Kuwait's Ministry of Finance has stated its desire to sign a Model 1 Intergovernmental Agreement (IGA) to help banks comply with the United States . FATCA requires Foreign Financial Institutions (FFIs) to report to the US information on assets of USD50,000 ... [Published Tax-News.com - Apr 10 2014]
First reported Apr 08 2014 - Updated Apr 09 2014 - 1 reports

Kuwait gov't to sign US tax compliance act agreement

KUWAIT, April 8 (KUNA) -- The Kuwaiti government announced Tuesday its desire to sign the Foreign Account Tax Compliance Act (FATCA) Agreement with the US administration.In a press statement, the Finance Ministry here stated the agreement stipulates the ... [Published Kuwait News Agency - Apr 08 2014]
First reported Apr 09 2014 - Updated Apr 09 2014 - 1 reports

Finance Ministers call on Arab financial institutions to address development challenges

Al Tayer commended the role these institutions play and called on them to maximise efforts and coordination to realise ambitious objectives, meet needs of Arab countries and bolster inter-Arab integration. The UAE minister opened the meeting in the presence ... [Published CPI Financial - Apr 09 2014]
First reported Apr 07 2014 - Updated Apr 08 2014 - 3 reports

Fin. Min. leaves Tunis after Arab meetings

TUNIS, April 8 (KUNA) -- Kuwait's Finance Minister Anas Al-Saleh left Tunis on Tuesday after participating in meetings of the Arab Finance Ministers and financial institutions.The Kuwaiti delegation to the meetings also included Governor of the Central ... [Published Kuwait News Agency - Apr 08 2014]
First reported Mar 27 2014 - Updated Mar 27 2014 - 1 reports

USD remains stable against Kuwaiti dinar

KUWAIT, March 27 (KUNA) -- Exchange rate of the US dollar vis-a-vis theKuwaiti dinar stabilized, on Thursday, standing at KD 0.281 per dollar, whilethe euro dropped to KD 0.387, compared to Wednesday's exchange rates, said thedaily exchange rate bulletin ... [Published Kuwait News Agency - Mar 27 2014]
First reported Mar 25 2014 - Updated Mar 26 2014 - 3 reports

Central Bank of Kuwait greenlights opening of multi branches of foreign banks

Permitting foreign banks to open branches is done all over the world and offers competition in the market place whose beneficiary is the consumer, he told state news agency KUNA, noting that such competition leads to cost reduction and increased business ... [Published CPI Financial - Mar 26 2014]

Quotes

On the KWD’s exchange rate, Al-Hashel said the currency peg to a "special and balanced basket of currencies of the major countries with which Kuwait has strong commercial and financial relations… provides suitable flexibility to absorb imported inflation pressure which are caused by fluctuations of exchange rates, which thus provides relative stability for the KWD exchange rate against major currencies.”"
On the Kuwaiti Dinar's exchange rate against other currencies, Al-Hashel said the KD has been pegged since May 2007 on a "special and balanced basket of currencies of the major countries with which Kuwait has strong commercial and financial relations."
"Moreover, all Gulf Cooperation Council (GCC) countries started taking serious step towards concluding the FATCA Agreement before the deadline which is on 1st of July 2014 to prevent any penalties imposed on their Financial Institutions" reads the statement
Expressing his appreciation and thanks to Kuwait Investment Authority and the Central Bank of Kuwait for their constant support, Al Thaqeb said: "I would like to thank my fellow board members for their sincere efforts and continuous devotion to elevate this promising institution. I would like also to thank the honorable chairman and distinguished members of the Sharia Supervisory Board, as well as the Group Heads, and all Warba Bank 's employees for their efforts and dedication to work."

More Content

All (45) | News (38) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (7) | Press Releases (0)
sort by: Date | Relevance
No devaluation of KD against GBP [Published Kuwait Times - Apr 23 2014]
MPs bid to clip press closures [Published Arab Times - Apr 21 2014]
KUWAIT: New legislation required for government... [Published Islamic Finance News - Apr 21 2014]
Kuwait’s Central Banker calls for legislation o... [Published CPI Financial - Apr 21 2014]
Kuwait- CBK Gov. says economic reforms should b... [Published MENAFN - Apr 21 2014]
CBK Gov. says economic reforms should be nat'l ... [Published Kuwait News Agency - Apr 20 2014]
USD up to KD 0.281 [Published Kuwait News Agency - Apr 14 2014]
GCC bond, sukuk issuances rises to $97.7 billio... [Published Khaleej Times - Apr 14 2014]
USD down against KD at 0.280 [Published Kuwait News Agency - Apr 13 2014]
Tax-News.com: Kuwait Prepares To Sign FATCA IGA [Published Tax-News.com - Apr 10 2014]
Ministry of Finance prepares to ink FATCA Agree... [Published Kuwait News Agency - Apr 09 2014]
Finance Ministers call on Arab financial instit... [Published CPI Financial - Apr 09 2014]
Fin. Min. leaves Tunis after Arab meetings [Published Kuwait News Agency - Apr 08 2014]
Fin. Min. urges Arab financial institutions to ... [Published Kuwait News Agency - Apr 08 2014]
Kuwait gov't to sign US tax compliance act agre... [Published Kuwait News Agency - Apr 08 2014]
Kuwait's Fin. Min., CBK Gov. in Tunisia for Ara... [Published Kuwait News Agency - Apr 07 2014]
Impediments to the growth of islamic finance [Published FreePressIndex.com - Apr 04 2014]
GCC bonds, sukuk primary issuances total USD97b... [Published Zawya.com - Apr 03 2014]
CBK’s shareholder’s equity hit KD 562 million [Published Kuwait Times - Apr 02 2014]
Kuwait Infrastructure Market: New market inform... [Published Live-PR.com - Apr 02 2014]
Primary issuance of GCC bonds, sukuk total USD9... [Published Zawya.com - Apr 01 2014]
Warba Bank’s General Assembly ratifies auditors... [Published Kuwait Times - Mar 31 2014]
Trends in the GCC bonds and Sukuk primary market [Published HispanicBusiness.com - Mar 31 2014]
Warba Bank's General Assembly Ratifies the Audi... [Published Zawya.com - Mar 31 2014]
GCC bonds & Sukuk issuance hits $97.7 mln in FY... [Published Mubasher - Mar 31 2014]
USD remains stable against Kuwaiti dinar [Published Kuwait News Agency - Mar 27 2014]
Central Bank of Kuwait greenlights opening of m... [Published CPI Financial - Mar 26 2014]
Kuwait stocks ‘lurch’ higher; volume surges [Published Arab Times - Mar 26 2014]
CBK OKs opening of multiple branches of foreign... [Published Arab Times - Mar 26 2014]
Central Bank of Kuwait Oks opening of multi bra... [Published Kuwait News Agency - Mar 25 2014]
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