Kuwait’s central bank cut interest rates on some monetary policy instruments in an effort to ease pressure on the currency while helping the economy cope with the impact of the Covid-19 pandemic. In a ...

KUWAIT/DUBAI (Reuters) - Gulf Arab countries will discuss pegging their planned single currency to a basket instead of the U.S. dollar, a Kuwaiti government official said on Tuesday, putting the ...

KUWAIT, Dec 8 (Reuters) - The Kuwaiti parliament unanimously approved a measure to join plans for a Gulf monetary union on Tuesday, but a top government official said adoption of the single currency ...

KUWAIT, May 22 (KUNA) -- The governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah on Tuesday renewed Kuwait's commitment to fully cooperate with other GCC member states in ...

Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a ...

Kuwait's Cabinet has approved a draft decree-law criminalizing unlicensed currency exchange and hawala operations. New penalties include up to six months imprisonment and fines up to KD 3,000 for ...

Kuwait's currency is the most powerful in the world, with one Kuwaiti dinar equivalent to approximately ₹ 288. Employed Indians can earn millions in just a few years and return to India wealthy.

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Inflation is rife throughout the Gulf region. Despite agreeing to join a single currency in 2010, and to follow the convergence criteria, Kuwait abandoned its dollar peg, and so the chance to join the ...

KUWAIT CITY, Dec 3: The Ministry of Commerce and Industry announced in a press release that the Cabinet has approved a draft decree-law introducing a new Article (12 bis) to the Commercial Licensing ...

According to Deputy Prime Minister and Minister of State for Cabinet Affairs Shereeda Maousherji, offenders will face up to six months in prison or a fine of up to KD 3,000. Image: Shutterstock Kuwait ...