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Kuwait Banking News. Service for global professionals. Constantly updated news and information about Kuwait.
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Latest Kuwait Banking News

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  • QNB Al Islami to sponsor IIA seminar with spotlight on Islamic finance 10 Nov 2009 06:11 GMT
    ... steadily grown to be among the largest banks in the region and is by far ... with a market share approaching 40% of banking sector assets. QNB offers a full range ... 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices ...

  • Kuwaiti-Jordanian leaderships keen on strong ties 9 Nov 2009 09:57 GMT
    ... Al-Kabariti AMMAN, Nov 9 (KUNA) -- Deeply-rooted Kuwaiti-Jordanian relations were cultivated through keenness of leaders ... in the Kingdom's industrial, services, financial, and banking sectors. Kuwaiti investments in Kuwait go back to ...

  • Al Tamimi and Company opens new office in Kuwait 9 Nov 2009 12:50 GMT
    ... Qatar, Iraq, Saudi Arabia, Jordan and now Kuwait. The firm specialises in advising major international ... international corporations and financial institutions, Middle East banks and financial institutions, government organisations, businesses and ... in arbitration and ADR, shipping & aviation, banking & finance, project and infrastructure finance, real ...

  • Emir of Kuwait and Ahmadinejad Call Islamic Countries for Economic Cooperation 9 Nov 2009 19:17 GMT
    ... laws in addition to organizing business sector and enhancing the role of the Islamic banks for development. Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah called for exchanging expertise between the Organization's countries and ...

  • Petrodollars Overlooked - an interview with Mahmoud El-Gamal 9 Nov 2009 11:51 GMT
    ... the cycle could be catastrophic. The next banking crisis, for example, might be accompanied by ... receipts in dollars, but as the central bankers of Saudi Arabia and Kuwait were just saying the other day, there ...

  • Most firms plan to hire staff in coming months 9 Nov 2009 23:55 GMT
    ... coming three months compared to 53% in Kuwait, 48% in the UAE and 47% in ... today, the majority agreed it was either banking and finance (32%) or telecommunications (31%). “This is ...

  • KSE price index ends trade down 7.9 pts 9 Nov 2009 14:32 GMT
    ... KUWAIT, Nov 9 (KUNA) -- The price index ... the insurance sector which gained 26.2 points, banking which hiked 4.9 points, and real estate which ...

  • Shariah has 'priority' in Islamic finance cases 9 Nov 2009 03:31 GMT
    ... seen as a leading center for Shariah banking, alongside the Middle East. The relationship between ... systems of law cannot govern one contract. Kuwait's Investment Dar said in May it had ...

  • Kayan hammers Saudi benchmark 9 Nov 2009 03:31 GMT
    ... losses. Qatar also gained, while Oman and Kuwait logged losses. Egypt's Pioneers Holding closed 5.7 ... TASI, which also came under pressure from banking stocks, slipped 1.5 percent to 6,256 points. Banque ...

  • President Gül: Primary goal should be to reduce number of poor in OIC countries 9 Nov 2009 00:24 GMT
    ... among member countries’ stock markets and central banks. ‘PRETAS to be a boon to trade among ... 2004. Mustafa Jassem Al-Shamali, finance minister of Kuwait, also said an action plan is needed ...

  • MIFC promoting global Islamic finance 9 Nov 2009 03:31 GMT
    ... Finance House, a fully authorized Islamic bank, in Kuala Lumpur. Similarly Al-Rajhi Bank and Kuwait Finance house have also launched Islamic banks in Malaysia. Bahrain-based Unicorn Investment Bank and the Solidarity Group have also launched an Islamic ...

  • Festivity honors Kuwaiti private firms for their role in nationalization process 8 Nov 2009 18:52 GMT
    ... Nov 8 (KUNA) -- A number of Kuwaiti private firms were honored in the eighth ... which is another plus to the Kuwaiti banking sector, he pointed out. On his part, Director ...

  • Investment banks breathe again 4 Nov 2009 17:12 GMT
    ... of petrodollars and international financial upheaval, investment banks operating in the Gulf are beginning to ... crisis,” says Declan Hegarty, co-head of global banking at HSBC Middle East. Fees remain low ... on the restructuring of Investment Dar in Kuwait, and the merger of television companies Orbit ...

  • Abdul Aziz Al-Ghurair leads discussion on future of Arab banks 4 Nov 2009 10:34 GMT
    ... address the challenges and opportunities facing Arab banks at the upcoming Kuwaiti Financial Forum. Held under the patronage of ... international, regional and local players in the banking industry. In the lead-up to the event, ...

  • Banker survey shows the growth in Islamic finance 6 Nov 2009 04:31 GMT
    ... and maturity to genuinely compete with conventional banking services? Can Islamic banking be more than ... the industry avoided the calamities of conventional banks that led to the current global banking ... enter financial distress. The recent defaults of Kuwait's Investment Dar and Saudi Arabia's Saad and ...


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