Search
Close this search box.

October 2, 2025

US Dollar Stabilizes at KD 0.304 as Euro Declines to KD 0.357

Kuwait city: The US dollar exchange rate against the Kuwaiti dinar stabilized at KD 0.304 on Thursday. Meanwhile, the Euro experienced a decrease of 0.11 percent, reaching KD 0.357 compared to the previous day’s rates, as reported by the Central Bank …

Euro Area Unemployment Rate Climbs to 6.3 Percent

Brussels: The European statistical office (Eurostat) reported on Thursday that the seasonally adjusted unemployment rate in the euro area increased to 6.3 percent in August 2025, up from 6.2 percent in July 2025, while remaining stable compared to Aug…

CBK Participates in GCC Campaign to Combat Financial Cyber Fraud

Kuwait city: The Central Bank of Kuwait (CBK) is participating in the joint awareness campaign among the central banks of the GCC countries to combat financial cyber fraud, the CBK said on Thursday.

According to Kuwait News Agency, a CBK statement i…

Turkiye and UAE Enhance Financial Ties with Three New Agreements

Abu dhabi: Turkiye and the UAE signed three agreements on Thursday to increase financial cooperation, strengthen trade relations, and exchange local currency. The deals mark a significant step forward in the economic relationship between the two natio…

Central Bank of Egypt Reduces Interest Rates by 1 Percent

Cairo: The Central Bank of Egypt (CBE) cut on Thursday its overnight deposit rate, overnight lending rate, and the rate of the main operation by one percent (100 basis points) to 21.00 percent, 22.00 percent, and 21.50 percent, respectively. The CBE a…