Decision To Halt SMEs Financing Stays Due To Pressure On Budget
The decision to suspend the financing of small and medium enterprises (SMEs) remains in effect due to the extreme pressure on the public budget brought about by the lack of liquidity and lower State r...
October 11, 2021318Category: Business
Kuwaiti Imports Funding Rise To USD 1.8 Billion In June
Financing Kuwaiti imports jumped in June to KD 570 million (USD 1.8 billion) increasing by 92.9 percent as compared to May, according to statistics released by the Central Bank of Kuwait on Thursday.
...
August 12, 2021347Category: Kuwait
National Assembly Approves Demographics And Rejects Financing Of Corona Victims
Today, the National Assembly approved the demographics law in two deliberations and referred it to the government, in return the parliament rejected the bill regarding support and guaranteeing local b...
October 20, 2020839Category: Information
Bank Financing For Affected Clients To Handle Coronavirus Crisis
The council of Ministers discussed at the weekly meeting the committee’s recommendation on a draft law to ensure local banks finance clients affected by the repercussions of the coronavirus cris...
September 01, 2020437Category: Coronavirus
Suspicious Money Laundering And Terrorist Financing Accounts
Kuwait, during fiscal 2018-2019, received information from 16 countries about suspicious money laundering activities and financing terrorism, including in detail data about 42 cases, reports Al-Rai da...
December 24, 2019591Category: Kuwait
11 Company Owners In Kuwait Accused Of Money Laundering And Terror Financing
As part of tightened measures to crack down on suspicious financial transactions, informed sources revealed to the Al-Qabas daily that the Ministry of Interior is conducting intensive investigations w...
October 14, 20191632Category: Kuwait
Charities Compliance Urged Against Financing Terrorism
As part of measures to combat money laundering and financing of terrorism, the Ministry of Social Affairs has once again requested the charity societies and philanthropists to comply with the recommen...
September 30, 2019279Category: Kuwait
KPC Hires NBK Capital To Advise On $2bn Financing
Kuwait Petroleum Corp has hired NBK Capital to advise it on a financing of around $2 billion that is likely to come from Kuwaiti banks, two sources familiar with the matter said.
One of the sources...
July 10, 2019323Category: Business
Terror Financing Charge Slander
Kuwait dismisses the “slanderous” accusations lodged against it over terror financing, its Deputy Foreign Minister Khaled Al-Jarallah said on Monday. “I am baffled over how Kuwait ha...
January 01, 2019406Category: Kuwait
Financing Development Projects In Line With Kuwait Vision
Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh emphasized the role of Islamic finance instruments in providing effective financing solutions, indicating the opportun...
November 13, 2018424Category: Business
Detention Of Five Syrians And One Iraqi,accused Of Financing Terrorism
Detention Renewal Judge has decided to extend the detention of five Syrians and one Iraqi, who are accused of financing terrorism and sending money to DAESH in Syria, for 15 days to complete the inves...
October 25, 2017598Category: Crime News
Qatar Crisis Drags On, No End In Sight
US Secretary of State Rex Tillerson ended talks with ministers from Saudi Arabia and three Arab allies on Wednesday over how to end a month-long rift with Qatar, but there was no immediate word of any...
July 13, 2017525Category: Kuwait
8 Get 10 Year Jail For Financing DAESH
The Criminal Court, presided over by Judge Muhammad Jaafar, sentenced eight individuals led by a Lebanese to 10 years in prison for financing DAESH. Case files indicate the Interior Ministry arrested ...
June 21, 20161599Category: Crime News