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Economics/Financial Analysis News in Kuwait

Kuwait:NBK Expects KD 3.9 Deficit in Fiscal year of 2015/16
1/8/2016 - The fiscal year of 2015/16 will close with a deficit of KD 3.9 billion (USD 12.7 billion) or 9.8 percent of GDP, National Bank of Kuwait (NBK) predicted.

The interim public finance figures fo...
Kuwait's inflation Rate up 3.13 pct in November 2015
12/27/2015 - The Consumer Prices Index (CPI) for the month of November, 2015, showed an increase estimated at 3.13 percent compared with November of 2014, the Central Statistical Bureau said in its report received...
Kuwait's Inflation Rate up by 3.2 pct in Oct.2015
12/14/2015 - Kuwait's inflation rate in consumer prices was just a tick higher in October, rising from 3.1 percent year-on-year (y/y) in September to 3.2 percent y/y, a National Bank of Kuwait (NBK) report showed....
Oil Revenues Form 93 percent of Kuwait's Income
12/13/2015 - Kuwait's oil revenues make up 93 percent of the country's income, Chairman of the Industrial Bank of Kuwait (IBK) Abdulmohsen Al-Hunaif said.

He added in an interview with "Al-Jareeda" dail...
Kuwait Ranked 1st in Attracting GCC Banks
12/8/2015 - Kuwait ranked first in attracting branches of Gulf commercial banks with eight branches, followed by the UAE and Saudi Arabia, with six branches each, three branches in Bahrain and two branches in Oma...
CBK Governor:Developing Banking Workforce in GCC Important
12/5/2015 - Governor of the Central Bank of Kuwait (CBK) and chairman of the board for the Institute of Banking Studies Dr. Mohammad Al-Hashel said that developing the national banking workforce in the GCC countr...
Kuwait's Crude Oil exports to China Jump 46.2 Percent
11/24/2015 - Kuwait's crude oil exports to China in the first 10 months of this year surged 46.2 percent from the same period of 2014 to 280, 000 barrels per day (bpd), government data showed. In October alone, Ku...
KSE Incurs KD 400mln Worth of Losses in 5 Sessions
11/21/2015 - Kuwait Stock Exchange lost KD 400 million in only five sessions of the past week, when the market witnessed a wave of random selling targeting blue and cheap chips, Bayan Investment Company said.
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Kuwait's Trade Surplus with Japan Down nearly 90%
11/19/2015 - Kuwait's trade surplus with Japan narrowed 89.8 percent from a year earlier to JPY 10.9 billion (USD 89 million) in October, shrinking for the fifth month, as exports marked the biggest percentage dro...
NREC Posts KD 11.6 Mln in First Nine Months of 2015
11/16/2015 - The National Real Estate Company (NREC) announced earning KD 11.6 million in net profit of the first nine months of 2015 with earnings of 12.9 fils per share, compared to profits of KD 11.9 million, w...
Kuwait Real-Estate Co. Earns KD 2.86 million
11/15/2015 - Kuwait Real-Estate Company earned KD 2.86 million, 3.16 fils per share, in the first nine months of 2015, as compared to KD 3.79 million, 4.19 fils per stock, same period of the past year.

...
Oil Price Recovery Widens Trade Surplus
11/14/2015 - Kuwait's trade surplus widened for the first time in three quarters in 2015, thanks to a temporary recovery in oil prices.

The surplus expanded to KD 2.4 billion (USD 7.9 billion) in the secon...
Kuwait Gov't Forecasts Budget Income of KD 12bln in FY 2015/2016
1/26/2015 - Minister of Finance Anas Al-Saleh announced Monday that the state budget forecasts an income of KD 12 billion (USD 40.8 billion) for the fiscal year 2015/2016, to start March 1, 2015.

The o...
USD, Euro Unchanged Against kd
6/26/2014 - The US greenback was unchanged against the Kuwaiti Dinar on Thursday, trading at KD 0.281 while the Euro went up to KD 0. 384, said the Central Bank of Kuwait (CBK). The CBK price bulletin also report...
Egypt Keen on Launching New Economic Partnership with Kuwait
6/25/2014 - Egypt is desirous of launching a new strategic economic partnership with Kuwait that would result in palpable benefits to both countries, said an Egyptian official following the end of a one day econo...
Advanced Economies Set to Close 2013 with Excellent Performance
12/17/2013 - Equity markets in advanced economies are poised to close 2013 with an excellent performance, up over 20 percent, and led by the US and Japan, according to a weekly report.

The Dow Jones Ind...
Boeing Says Kuwait Lessor to Buy 20 of its 737 MAX Planes
7/10/2012 - Boeing said Kuwaiti aircraft leasing company ALAFCO had committed to buy 20 of the US planemaker's future single-aisle 737 MAX planes worth a combined $1.9 billion. Boeing, which made the announcement...

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