General

Kuwait’s Milestones in Sports, Governance, and Humanitarian Aid

Kuwait city: Today in Kuwait’s history, several significant events highlight the nation’s progress in various areas including sports, governance, and international relations. The Kuwait Football Association (KFA) was reproclaimed in accordance with th…

CBK Reduces Discount Rate by 25 Basis Points to 3.5 Percent

Kuwait city: The Central Bank of Kuwait announced a decision on Wednesday to reduce the discount rate by 25 basis points, adjusting from 3.75 percent to 3.5 percent. This change is set to take effect on Thursday, December 11.

According to Kuwait Ne…

US Federal Reserve Cuts Interest Rate by 0.25 Pct to 3.5-3.75 Pct

Washington: The US Federal Reserve decided on Wednesday to slash down the targeted range of the benchmark interest rate by 0.25 percent to 3.5-3.75 percent.

According to Kuwait News Agency, this decision marks a significant move by the US Federal Re…