Business

CBK announces new bonds, tawarruq worth KD 240 mln

KUWAIT, The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds and related tawarruq at a value of KD 240 million (about USD 792 million).

In a statement to KUNA, the CBK said that the securities bear a 4.375 percent rate with a t…

Tamkeen and Al-Zaytouna sign an agreement to pay insurance policies

Ramallah – Ma’an – Tamkeen Insurance Company and Al-Zaytouna Islamic Finance Company signed an agreement to pay insurance policies, according to which Al-Zaytouna Islamic Finance Company provides installment services for the value of insurance policie…

Oil prices drop

Washington – Ma’an – Oil prices fell in trading on Monday, amid market fears of a decline in demand for black gold from China.

By 09:25 Moscow time, US West Texas Intermediate (WTI) crude futures fell 0.67% to $76.14 per barrel, while Brent crude fut…