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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

  • Crisis? GCC corporate honchos still cash happy 9 Dec 2009 04:32 GMT
    ... mover, climbed to fifth from 13 and Kuwait moved to the second spot from seventh in ... the oil price rebounding relatively quickly and banks being less exposed to toxic assets than many ...

  • Citi, Wells looking for BofA TARP treatment 9 Dec 2009 04:32 GMT
    ... back billions in bailout loans, telling both banks they've got more chores to do before they're ... offloaded billions in assets and that the Kuwaiti Investment Authority sold $4.1 billion in Citi ... are still more severely plagued by problem mortgages and other consumer debt, and must convince ...

  • Why Dubai Matters 8 Dec 2009 23:33 GMT
    ... of other Gulf countries such as and Kuwait, it had to. "Dubai shows that if ... foreign investment in 2003, and created a mortgage industry to finance their purchases. But lax ...

  • Zacks Bull and Bear of the Day Highlights: Companhia de Bebidas das Americas, or AmBev, Energy Conversion Devices, Citig 8 Dec 2009 22:54 GMT
    ... dropped our price target to $10.00. The Kuwait Investment Authority (KIA), the country's sovereign wealth ... when it was hit hard by the subprime-mortgage losses in the U.S. At that time, ... Medical, Consulting, Accounting and other Professional Services, Banking and Finance Zacks Bull and Bear of ...

  • Oman pay hikes set to be highest in GCC 8 Dec 2009 22:07 GMT
    ... the increase at 9.7 per cent and Kuwait coming at the bottom of the heap ... “Sectors impacted by crisis of UAE like banking and real estate might see a flat growth, ...

  • Kuwait okays Gulf single currency plan 8 Dec 2009 20:20 GMT
    ... Kuwait’s parliament unanimously approved yesterday a plan to ... of technical issues such as harmonisation of banking regulations remain to be tackled in order for ...

  • Dubai bourse continues to plunge amid Gulf negativity 8 Dec 2009 20:20 GMT
    ... construction sector dropped by 5.17% and the banking segment sagged 3.76%. Health care was the only ... a decrease of 0.07% the day before. Kuwait’s exchange was the only Gulf market to ...

  • MSM stock index falls 8 Dec 2009 20:18 GMT
    ... 54 traded securities. Amongst the sectors, the Banking & Investment sector was the biggest loser yesterday ... index dropped 0.3 per cent, while the Kuwait Stock Exchange Index rose 1.3 per cent. ...

  • Kuwait Backs Gulf Currency 8 Dec 2009 19:47 GMT
    ... KUWAIT CITY — Kuwait’s parliament unanimously approved on ... of technical issues such as harmonisation of banking regulations remain to be tackled in order for ...

  • Economic Outlook: A $200B Stocking Stuffer 8 Dec 2009 18:48 GMT
    ... program that was used to prop up banks, car companies General Motors Co. and Chrysler ... only one to pump investments into the banking system when the financial crisis was unfolding. ... On Sunday, the investment arm of the Kuwaiti government said it earned $1.1 billion profits ...

  • EPA Declares Carbon Dioxide Dangerous; Tiahrt Says Airbus Budgets for Bribery 8 Dec 2009 15:17 GMT
    ... sell a plane, for example, to the Kuwaiti government, we can’t promise them anything more ... TARP monies returned to the fund by banks. Sources on the Hill said Democrats would likely ...

  • Kuwait Backs Talks on Creating Gulf Monetary Union 8 Dec 2009 15:10 GMT
    ... KUWAIT — The Kuwaiti Parliament unanimously approved Tuesday ... be linked to the dollar. Qatar's central banker said last week that the country's currency, the ...

  • US plays it safe, holds on to Citigroup stake 8 Dec 2009 14:15 GMT
    ... The Kuwait investment fund that got about 900-million shares ... further . “We don’t comment on individual banks but are committed to maximising returns on ... for repaying Tarp funds. Citigroup’s discussions with banking regulators over a Tarp exit may gain ...

  • Kuwaiti Fund Sells Citi Stake 8 Dec 2009 12:56 GMT
    ... (Zacks.com via COMTEX News Network) -- The Kuwait Investment Authority (KIA), the country's sovereign wealth ... when it was hit hard by the subprime-mortgage losses in the U.S. At that time, ...

  • UPDATE 2-Kuwait backs Gulf currency, says will take long time 8 Dec 2009 12:55 GMT
    ... By Eman Goma and Martin Dokoupil KUWAIT, Dec 8 (Reuters) - Kuwait's parliament unanimously ... of technical issues such as harmonisation of banking regulations remain to be tackled in order for ...


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