Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13% - Investing.com
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13% Investing.com
Saudi Arabia Policy | Aug 23, 2026, 3:57 PM
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.13% Investing.com
Saudi Arabia Policy | Aug 23, 2026, 3:57 PM
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43TEHRAN, Aug 23: The US dollar reached a historic level of 2 million Iranian rials on Sunday, as the country’s currency continued its sharp decline against major foreign currencies....
Arab Times Business | Aug 23, 2026, 3:52 PM
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54WASHINGTON — US President Donald Trump on Sunday renewed his criticism of Canada as a deepening trade dispute between the two neighbors threatened to further strain relations, saying Ottawa wanted the benefits of being part of the United States without becoming a state.“Canada wants the benefits of being a State, without being one!!!” Trump wrote on Truth Social.Trump also accused Canada of imposing steep tariffs on US agricultural products over many years.“They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!” he said.The remarks came as tensions intensified following the imposition of new US tariffs and Canada’s announcement that it would retaliate with matching measures.Canadian Prime Minister Mark Carney on Saturday accused Washington of using its tariffs to “hurt and divide” Canada, describing the measures as a “miscalculation.”“The new US tariffs are designed to hurt and divide us,” Carney said. “They’re a miscalculation because Canadians will always take care of each other.”Carney said Canada would impose dollar-for-dollar retaliatory tariffs beginning Sept. 8, targeting products including steel, dairy, appliances, agricultural equi
Saudi Gazette World | Aug 23, 2026, 3:24 PM
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43By H E Paramita Tripathi Ambassador of India to Kuwait Special to The Times Kuwait When people in Kuwait and in the Gulf Region think about doing business in India, the first images that may come to mind are a vast and growing consumer market, Indian professionals working across the Gulf, major infrastructure projects, pharmaceuticals, … The post Global Capability Centers (GCC) in India: Where companies can build their global future appeared first on Times Kuwait.
The Times Kuwait | Aug 23, 2026, 1:24 PM
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44Letters: Dollar peg a pillar of economic security Gulf Daily News (Bahrain)
Bahrain Currency | Aug 23, 2026, 9:06 AM
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41Olaplex No.3 review: the cult bond treatment makes most sense for damaged hair
Gulf News | Aug 23, 2026, 9:00 AM
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4212.02.02 H.E. The Governor Speaks on Passage by National Assembly of Anti Money Laundering Law In a press release to Kuwait News Agency (KUNA) the Governor of the Central Bank of Kuwait (CBK), H.E. Sheikh Salem Abdulaziz Al-Sabah, stated that the National Assembly's approval of the anti-money laundering bill stems from the keenness of both the legislative and executive branches of the government of the State of Kuwait to achieve the needed legislative structure for combating suspect operations. H.E. also pointed out that the approval of this bill coincided with the monitoring by the International Anti-Money Laundering Committee (FATF) of the issuing of the Anti-Money Laundering law in Kuwait
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5103.06.03 CBK Governor's Statement on the Issuance of Islamic Banking Law The National Assembly has recently passed Law No. 30/2003 (concerning Islamic Banks) that modifies Law No. 32/1968 (concerning Currency, Central Bank of Kuwait, and Organization of the Banking Business) by inserting to the latter?s Third Chapter a special section on Islamic banks. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6204.08.03 Preliminary Approval to Licensing BNP Paribas to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in its meeting on 3rd of August 2004, has decided to approve in principle the licensing of BNP Paribas bank to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5107.01.04 The First Anti-Money Laundering & Combating the Financing of Terrorism Conference Following the State of Kuwait's commitment to partnering with the international community, the Central Bank of Kuwait takes great pleasures in cordially inviting to participate in the First Anti-Money Laundering & Combating the Financing of Terrorism Conference taking place here in the State of Kuwait on January 18th &19th ,2004. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5107.06.04 Last Reminder Concerning the Withdrawal and Exchange of the Fourth Issue of Currency Notes Last Reminder Concerning the Withdrawal and Exchange of the Fourth Issue of Currency Notes More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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4705.08.04 Kuwait's Automated Settlement System for Inter-Participant Payments (KASSIP) Goes Live The new system for settling payments and transactions among banks and financial institutions in the State of Kuwait went live today, performing smoothly in its first day of operation. The new payment system, known as Kuwait's Automated Settlement System for Inter-Participant Payments (KASSIP) is an up-to-date Real-Time Gross Settlement (RTGS) payments' system. Its development in the State of Kuwait comes within the context of the Central Bank of Kuwait's efforts to keep abreast with international trends in this field, so as to ensure the alignment of the local banking and financial system with int
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5115.12.04 CBK Raises Its Discount Rate by 25 basis points CBK's Board of Directors decided to raise the discount rate to 4.75% instead of 4.50% effective today 15-12-2004. H.E. the Governor of CBK Sheikh Salem Abdulaziz Al Sabah announced the decision in a press release to the Kuwait News Agency (KUNA). H.E. the Governor explained that the decision came within CBK's monitoring of both domestic and international economic and monetary developments, and the rise in interest rates on international currencies especially the US Dollar which the KD exchange rate is pegged to within specific margins, and the efforts of CBK to ensure the consistency between interest rates on the KD and on internationa
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6010.01.05 Preliminary Approval to Licensing National Bank of Abu Dhabi to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in a meeting on 9th of January 2005, decided on the issuance of provisional approval to the National Bank of Abu Dhabi to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5108.03.05 Registration of a Bank Branch (BNP Paribas) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 7th of March 2005 the Minister of Finance issued Decision No. (2) concerning the registration of BNP Paribas branch in CBK Bank Register, based on that, the branch was registered on that date in the mentioned register. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5114.02.05 Preliminary Approval to Licensing HSBC Bank Middle East to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in a meeting on 13th of February 2005, decided on the issuance of provisional approval to HSBC Bank Middle East to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5110.04.05 The Developments of the Balance of Payments of the State of Kuwait for Year 2004 H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait(CBK), announced in a press release to the Kuwait News Agency (KUNA) that the provisional Balance of Payments statistics of the State of Kuwait for 2004 indicate that the 'Balance on Goods' of the State of Kuwait (the arithmetical difference between the total value of merchandise exports and imports on 'fob' basis), realized a surplus estimated at KD 5688 million in 2004, thus recording an increase of KD 2138 million (60.2%), above its level of KD 3550 million during 2003. H.E. the Governor clarified that CBK resorted to estimat
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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51The central bank increased the discount rate by 25 basis points from 5.50% to preserve the competitiveness of the Kuwaiti dinar.
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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7218.09.05 Registration of a Bank Branch (HSBC Bank Middle East) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 14th of September 2005, the Minister of Finance issued the Decision No. (16) regarding the registration of the (HSBC Bank Middle East) branch in the CBK Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5113.12.05 Application of the Basle II Capital Adequacy Standard H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK) announced that the CBK Board of Directors, in its meeting on 11th of December 2005, has decided to endorse the application of Basle II Capital Adequacy Standard unto the conventional domestic banks as of 31st of December 2005, thereby making the State of Kuwait the first Arab country to apply this standard. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5126.03.06 Registration of a Bank Branch (Citibank, N.A.) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 22nd of March 2006, the Minister of Finance issued the Decision No. (2) regarding the registration of the (Citibank, N.A.) branch in the CBK Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5120.11.05 Registration of a Bank Branch (National Bank of Abu Dhabi) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), announced that on 13th of November 2005 the Minister of Finance Decision No. 24 was issued regarding the registration of the National Bank of Abu Dhabi branch in the CBK Bank Register. Accordingly, the entry was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5125.05.06 Provisional Balance of Payments Statistics of the State of Kuwait for Year 2005 The provisional Balance of Payments statistics of the State of Kuwait for 2005 which is prepared by the Central Bank of Kuwait (CBK) indicate an acceleration of the growth realized in the surplus of the 'Balance on Goods' (the arithmetical difference between the total value of merchandise exports and imports on 'fob' basis), by KD 3681 million (67.8%) to KD 9111 million during 2005, above its level of KD 5430 million during 2004. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5228.05.06 Press statement of H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, on the inclusion in CBK's periodic publications, of data and statistics on the investment companies subject to CBK's supervision H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced in a press statement the expansion of the content of CBK's periodic statistical publications, to include aggregate financial data and statistics on both the conventional investment companies and investment companies operating according to the provisions of Islamic Sharia. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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52The central bank strengthened the Kuwaiti dinar to 289.14 fils per US dollar to protect purchasing power and contain imported inflation.
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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7214.05.07 Press Statement of H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK) regarding expanding the content of its periodic statistical publications to encompass statistics and aggregate financial data on exchange companies subject to its supervision, and statistics on the use of plastic cards in the banking system H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), announced that the CBK has expanded the content of its periodic statistical publications to encompass statistics and aggregate financial data on exchange companies subject to its supervision, in addition to statistics and data on the growth in the volume of plasti
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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52The exchange rate of the Kuwaiti dinar against the US dollar will reflect foreign trade and financial relations of Kuwait using a currency basket.
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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7217.09.07 Preliminary Approval to Licensing Doha Bank of Qatar to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in its meeting on 16th of September 2007, preliminarily agreed to license Doha Bank of Qatar to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5130.12.07 Registration of a Bank Branch (National Bank of Qatar) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 25th of December 2007, the Minister of Finance issued the Decision No. (61) regarding the registration of the National Bank of Qatar branch in the CBK Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5104.05.08 Press Statement The Preliminary Approval to Licensing Muscat Bank of the Sultanate of Oman to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of Central Bank of Kuwait (CBK) has stated that the CBK Board of Directors, in its meeting on 4th of May 2008, preliminarily agreed to license Musqat Bank of the Sultanate of Oman to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5124.03.08 H.E. the Governor Announces CBK's Preliminary Approval to Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank) of Saudi Arabia to Open a Branch in Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of Central Bank of Kuwait (CBK) has stated that the CBK Board of Directors, in its meeting on 23rd of March 2008, has decided to approve in principle the licensing of Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank) of the Kingdom of Saudi Arabia to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5223.01.08 CBK Cuts its Discount Rate to 5.75% H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced in a press statement to the Kuwait News Agency (KUNA) that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 5.75% from 6.25% effective from Wednesday, 23rd of January 2008. H.E. the Governor explained that the decision resulted from the continued surveillance by CBK of the developments in interest rates on major international currencies, particularly the US dollar, to ensure having consistent local interest rates on the Kuwaiti dinar (KD), taking into account the current domestic economic conditions. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6226.03.08 Press Statement Announcement of a Seminar on Financial Inquiry Units and Their Applications H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of Central Bank of Kuwait (CBK) and Chairman of Kuwait Financial Inquiry Unit (KFIU) declared to the Kuwait News Agency (KUNA) that CBK and KFIU in collaboration with the US Treasury Department are organizing a seminar titled "The Financial Inquiry Units and their Applications" during the period from 31st of March to 2nd of April 2008 in the Zumurruda Hall at the Kuwait Sheraton Hotel. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5117.06.08 Registration of a Bank Branch (Doha Bank of Qatar) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 12th of June 2008 the Minister of Finance issued the Decision No. (23) regarding the registration of Doha Bank branch in the CBK Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5116.10.08 Press Statement Governor Meets Local Bank Chairmen H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK) met, on Wednesday the 15th of October 2008, the board chairmen of local banks. The purpose of the meeting was to emphasize the importance of the role played by local banks, in their financial transactions with investment companies, to ensure uninterrupted flow of funds into the economy and reinforce the stability of the financial market. In this meeting, H.E. the Governor underlined a number of important aspects of the banking business, at this stage, which included the following: More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6511.10.08 Press Statement Governor of CBK Receives the Award of "Central Bank Governor of the Year 2008, Middle East" Emerging Markets magazine has chosen Sheikh Salem Abdulaziz Al-Sabah, the Governor of CBK for receiving the award of "Central Bank Governor of the Year 2008, Middle East". The Ambassador of the State of Kuwait in Washington DC, Sheikh Salem Al-Abdullah Al-Jaber Al-Sabah, received the award on behalf of the Governor during a ceremony held on the 10th of October 2008 during the IMF and World Bank annual meetings in Washington DC (USA). More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5110.06.08 Preliminary Approval to Licensing Mashreq Bank of the United Arab Emirates to Open a Branch in the State of Kuwait H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that the CBK Board of Directors, in its meeting on 10th of June 2008, preliminarily agreed to license Mashreq Bank, a conventional bank from the United Arab Emirates to open a branch in the State of Kuwait. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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51The central bank board discussed local, regional, and international factors influencing activity in the Kuwait Stock Exchange.
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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7228.10.08 Press Statement Government Submits to National Assembly a Draft Law to Guarantee Local Bank Deposits. The Council of Ministers has submitted on an urgent basis to the National Assembly a draft law concerning the State guarantee of customer deposits with local banks. This law will infuse added confidence in the soundness of the banking system. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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4708.02.10 Press Statement CBK Cuts its Discount Rate by 50 Basis Points to 2.5% H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 2.50% instead of 3.0% effective on 8-2-2010. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5113.05.09 Press Statement CBK Cuts its Discount Rate by 50 Basis Points to 3% Effective Thursday, 14/5/2009 H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 3% instead of 3.50% effective Thursday, 14-5-2009. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5131.03.10 Deletion of the Bank of Kuwait and the Middle East (BKME) from the CBK Bank Register to Register it as "Ahli United Bank" in the Islamic Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 30th of March 2010, the Minister of Finance issued Decision No. (14) of the year 2010 regarding deletion of the bank of Kuwait and Middle East from the CBK bank register to be registered as "Ahli United Bank" in the CBK Islamic bank register. According to this decision, the bank of Kuwait and Middle East will be deleted from the CBK conventional bank register to be registered in the CBK Islamic bank register under no. (5) by its new
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5102.03.10 Registration of a Bank Branch (BankMuscat of the Sultanate of Oman) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 15th of February 2010, the Minister of Finance issued the Decision No. (9) concerning the registration of BankMuscat branch in the CBK Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5115.02.10 Registration of a Bank Branch (Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank)) in the CBK Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), stated that on 9th of February 2010, the Minister of Finance issued the Decision No. (7) regarding the registration of Al-Rajhi Banking & Investment Corporation (Al-Rajhi Bank) branch in the CBK Islamic Bank Register. Accordingly, the registration was made on that date. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5207.04.10 Registration of a Bank (Warba Bank) in the CBK Islamic Bank Register H.E. Sheikh Salem Abdulaziz Al-Sabah, the Governor of the Central Bank of Kuwait (CBK), announced in a press statement to the Kuwait News Agency (KUNA) that on 5-4-2010, the Minister of Finance issued the Decision No. (17) regarding the registration of Warba Bank in the CBK Islamic Bank Register. Accordingly, the registration was made in that Register. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5130.08.10 IBAN System Comes into Force as of the Beginning of 2011 H.E. Sheikh Salem Abdulaziz Al-Sabah, Governor of the Central Bank of Kuwait (CBK), stated that within the framework of CBK's constant concern for developing the functioning of the Kuwaiti banking system and coping with international developments in the banking industry, CBK decided to implement the "IBAN" system (International Bank Account Number) in the State of Kuwait, which aims at achieving international unification of bank accounts in a way which enables banks' systems to achieve speed and accuracy when executing money transfer transactions. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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5102.04.12 New Governor for the Central Bank of Kuwait A Decree by H.H. the Amir was issued on the 1st of April, 2012 appointing Dr. Mohammad Y. Al-Hashel as Governor of the Central Bank of Kuwait (CBK) with a rank of Minister. According to Law No. 32 of the year 1968 concerning Currency, the Central Bank of Kuwait and the Organisation of Banking Business the Governor of CBK is also the Chairman of its Board of Directors and serves for a 5-year renewable term. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6203.05.12 New Deputy Governor for the Central Bank of Kuwait A Decree by H.H. the Amir was issued on the 3rd of May, 2012 appointing Mr. Yousef J. Alobaid as Deputy Governor of the Central Bank of Kuwait (CBK). According to Law No. 32 of the year 1968 concerning Currency, the Central Bank of Kuwait and the Organisation of Banking Business, the Deputy Governor of CBK is also a member of its Board of Directors and serves for a 5-year renewable term. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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6201.10.13 International Monetary Fund 2013 Article IV Consultation -Concluding Statement An International Monetary Fund (IMF) mission visited Kuwait during September 10-24, 2013 and held discussions with local authorities on the 2013 regular Article IV consultation. For viewing the Mission's Concluding Statement click here. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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4810.06.13 CBK Announces New Banknotes Issue The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel announced that in its continued pursuit to implement best international central banking practices the CBK conducted an evaluation study for the current issue of banknotes, the 5th issue introduced in the year 1994. The study was initiated in light of the technological advances in the industry of banknotes printing and the improvements achieved in the signs and security specifications thereof. More
Central Bank of Kuwait | Aug 21, 2026, 6:15 PM
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