Business

Turkiye’s Central Bank Terminates FX-Protected Deposits

Ankara: The Central Bank of the Republic of Turkiye (CBRT) has announced the termination of the opening and renewal of FX-protected deposit (KKM) accounts, with the exception of YUVAM accounts, set to take effect on August 23, 2025. Accounts that were…

German Economy Contracts by 0.3% in Q2 Amid Trade Tensions

Germany: Germany’s economy, the largest in Europe, shrank by 0.3 percent in the second quarter of this year compared with the previous quarter, the Federal Statistical Office said Friday.

According to Kuwait News Agency, citing a preliminary report a…

US, EU Reach Framework Agreement for Balanced Trade

Washington: The United States and the European Union have agreed on a framework of an agreement on reciprocal, fair, and balanced trade, the White House announced on Thursday. This Framework Agreement is designed to establish a robust foundation for o…

CBK Reports USD Exchange Rate at KD 0.305 and EUR at KD 0.357

Kuwait city: The exchange rate of the US Dollar against the Kuwaiti Dinar stood at KD 0.305, while the Euro was at KD 0.357 compared to last Thursday, said the Central Bank of Kuwait (CBK) on Sunday.

According to Kuwait News Agency, the CBK, in its d…