Business

KFH sells 18.18 pct stake in Sharjah Islamic Bank

Kuwait Finance House (KFH), better known as Baitak, announced Thursday that the KFH Group’ entire stake in the UAE’s Sharjah Islamic Bank amounting to 588,304,755 shares of the bank’s total shares (representing 18.18 percent), has been sold.

The sta…

Kuwait Finance Min. meets IMF, WBG officials in Washington

Kuwaiti Minister of Finance, Minister of State for Economic and Investment Affairs, and Acting Minister of Oil Nora Al-Fassam held several meetings on Wednesday with officials from the International Monetary Fund (IMF) and the World Bank Group (WBG) …

Kuwait eager to diversify its economy – Min.

The State of Kuwait is eager to diversify its income and enhance regional and international partnerships to achieve the Kuwait vision 2035 goals.

The remarks came in a statement by Minister of Finance, Minister of State for Economic Affairs and Inve…

Kuwait to expand cooperation between Arab countries, Austria

Kuwait assured its keenness to expand economic cooperation horizons between Arab countries and Austria on Wednesday.

This came about in a statement to KUNA by Kuwait’s Ambassador to Austria Talal Al-Fassam, during the 14th Arab-Austrian Economic Foru…