Inflation In Kuwait Rose By 1.15 Percent
Inflation rates on annual basis in Kuwait rose by 1.15 percent in July, compared to the same month in 2018, according to the Central Statistical Office (CSO).
Inflation rate on a monthly basis rose...
August 21, 2019259Category: Business
Kuwait’s Trade Surplus With Japan Plunges 48.3 Percent
Kuwait’s trade surplus with Japan plunged 48.3 percent from a year earlier to JPY 22.1 billion ($197 million) in March, down for the first time in two months due to weak exports, the Finance Min...
April 18, 2019293Category: Business
Tax Expats In Kuwait 5 Percent On Remittances Sent To Their Home Country
A draft law was submitted today to impose 5% tax on expats for remittances sent to their home country. Financial and economic affairs committee went ahead and approved the bill and now have sent it to...
April 17, 20191710Category: Kuwait
Asset Revenues In General Reserve Fund Declines To 1.2 Percent
Liquid and semi-liquid asset revenues in the general reserve fund declined to 1.2 percent during the period from April 1, 2018 to Dec 31, 2018, compared to 1.6 percent for fiscal 2017/2018, and extern...
April 16, 2019324Category: Business
41.2 Percent Of Kuwaiti University Graduates Unemployed
Statistics revealed by the concerned authority show 41.2% of the Kuwaiti university graduates are unemployed, and the largest proportion (75%) among them are holders of low degrees, reports Al-Qabas d...
April 01, 2019503Category: Kuwait
Kuwait Loses Unique Cheap Internet – 400 Percent Increase In Rent
The teeming consumers and Internet Service Providers welcomed the new year with three ministerial decisions issued by the Ministry of Services to increase rent fees for the space and masts used by the...
January 24, 20191221Category: Kuwait
43 Percent People Smoke In Kuwait
The number of smokers in Kuwait has reached 43 percent of the total population last year, as per a report released by Oxford Economics Group, the UK’s leading economic forecasting group, reports...
January 18, 2019391Category: Kuwait
Credit From Banking Sector Rose By 3 Percent In November
Kuwait Finance House (KFH) said that credit from the Kuwaiti banking sector rose by three percent in November. The volume of credit granted last November was KD 36.6 billion ($119 billion) compared to...
January 13, 2019335Category: Business
CBK Keeps Discount Rate Unchanged At 3 Percent
The Board of Directors of Central Bank of Kuwait (CBK) decided Wednesday to maintain the discount rate unchanged at 3.0 percent. The decision aims to strengthen the current positive economic outlook a...
December 21, 2018522Category: Business
Kuwaitis Spend 11 Percent Of Annual Income On Tourism
A Kuwaiti citizens spends 11 percent of his or her annual income on tourism, travelling and recreation, according to a recent study carried out by the World Trade Organization (WTO). This rate is the ...
November 26, 2018407Category: Kuwait
Iraq To Pay Kuwait 1.5 Percent Of Oil Proceeds As Compensations
United Nations Compensation Commission (UNCC) Governing Council said on Thursday that Iraq would pay, effective early next year, 1.5 percent worth of oil sales’ proceeds to the UNCC compensation...
November 09, 2018360Category: Kuwait
Broad Money Supply Declined By 0.3 Percent In August
Broad money supply (M2) declined by 0.3 percent in August compared with July, recording KD 37.9 billion ($125 billion), according to the Central Bank of Kuwait (CBK).
Private sector’s deposit...
October 12, 2018439Category: Business
Inflation In Kuwait Rose 0.89 Percent In August
Basic consumer prices (inflation) rose by 0.89 percent in August compared to the same month last year, the monthly report of the Central Statistical Bureau (CSB) showed.
Consumer Price Index (CPI) ...
September 21, 2018448Category: Business
Money Supply Declined 0.1 Percent In July
The Central Bank of Kuwait (CBK) showed Monday that the broad money supply (M2) declined by 0.1 percent last July compared with last June, recording KD 38.3 billion (about $125 billion).
The privat...
September 11, 2018444Category: Business
People From A Single Nation Should Not Exceed 25 Percent Of Kuwaitis
The Parliamentary Committee on Legislation has forwarded its report concerning addition of a new clause to the Public Authority for Manpower Law, which stipulates laying down the necessary policy to a...
August 20, 2018659Category: Kuwait
27 Percent Of The Total Manpower In Kuwait Are Domestic Workers
Domestic helpers form 27 percent of the total manpower in Kuwait, according to latest statistics from Public Authority for Civil Information (PACI).
PACI Statistics shows that out of total 2,672,42...
June 24, 2018716Category: Kuwait
Rents Increased By 100 Percent Compared To 2012
CBRE, a global real estate consultancy firm, has stated in its report that the rents of deluxe commercial real estate in Kuwait City have returned to the levels witnessed in 2008, which were the highe...
June 24, 2018698Category: Kuwait