Business

CBK issues KD 360 mln in tawarruq, bonds

Central Bank of Kuwait (CBK) announced, Monday, the issuance of bonds and tawarruq valued at KD 360 million (approx. USD 1.19 billion).CBK stated to KUNA that the issue’s maturity period is six months, with a return rate of 1.250 percent.On the 15th o…

Kuwait Credit Bank lends USD 11 bln

Kuwait Credit Bank offered over the past 10 years loans worth KD 3.38 billion (USD 11 billion).The bank said in a statement on Sunday that number of the loans during the same period amounted to 133,000, and count of the beneficiaries settled at 1.56 mi…

Bahrain, AFESD sign agreement

Manama, Nov. 22 (BNA): Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, stressed Bahrain’s resolve to press ahead with economic development to achieve the desired goals. He affirmed the need to build on previous achieveme…