© Al Nisr Publishing LLC 2020. Terms of Use Privacy Policy. Banking Industry Today. November 29, 2020 0 712 Category: Kuwait 231 New corona cases today - total corona cases to 142,426 The Kuwait Ministry of Health announced 231 new coronavirus (COVID-19) infections in the last 24 hours 142,426 Total Infections and 3 deaths total bringing to 878. This is similar to other banks that have taken the steps due to the current health emergency in Kuwait, and the present economic […] The Central Bank of Kuwait (CBK), launched the third round of the “Certified Shari’ah Auditor” program, which is one of the Kafa'a initiative programs launched by the CBK in collaboration with Kuwaiti banks and the Institute of Banking Studies (IBS). See also: upcoming public holidays in Kuwait and public holidays news and updates in Iraq, Saudi Arabia. For the first time in Kuwait: Send money instantly with NBK Direct Remit. We’ll send you latest news updates through the day. UNITED STATES (VOP TODAY NEWS) — The National Bank of Kuwait (NBK) began using blockchain solutions from California-based startup Ripple to transfer funds to Jordan. The report also comprises the key developments in the main monetary aggregates and banking indicators, the Kuwaiti Dinar (KD) exchange rate, domestic interest rates, money supply, deposits, bank credit, domestic liquidity, public debt instruments, aggregate balance sheet of local banks, and domestic inflation rate. SWIFT (BIC): CBKUKWKW, CBK Launches the Third Round of the "Certified Shari’ah Auditor" Program, CBK Maintains Current Historical Low Discount Rate, and Cuts Other Intervention Rates by 0.125%, CBK Forms the Higher Committee of Shari’ah Supervision, CBK Affirms Commitment to Exchange Rate Policy, CBK Underlines the Importance of Appointing Nationals in the Banking Sector, CBK Announces the Publication of the Annual Report for the FY 2019/20, CBK Announces the Publication of the Economic Report for the Year 2019, CBK Announces the Publication of the Financial Stability Report for the Year 2019 and Kuwaiti Banks' Stress Test Results, CBK is Committed to its Foreign Exchange Rate Regime, Reopening Protocols for CBK and Banking Sector. Pakistan, Kuwait agree to enhance cooperation in various fields PakTribune 20:08 28-Nov-20 Kuwait sees 319 new COVID-19 cases, one death Kuwait Times 15:38 28-Nov-20 Kuwait Safat 13006, Use your prepaid or credit card when shopping from Xcite’s discounted items to get an additional 10% off at checkout As part of Central Bank of Kuwait (CBK) vigilant monitoring of economic, monetary, and banking developments and forecast trends, as well as its periodic review of movements in interest rate trends on main currencies, the US Dollar being foremost, the CBK has decided to maintain the current Discount Rate, thus maintaining the current interest rate cap for loans extended to customers in Kuwaiti Dinar. This section is about Living in UAE and essential information you cannot live without. News. Islamic Development Bank News Today. Set Up FREE Account Submit Release. Questions? Gulf Bank will postpone all installments of consumer loans and credit cards for six months for all Gulf Bank customers. This includes repurchases (REPO), CBK Bonds, the Term-Deposits system, direct intervention instruments, as well as Public Debt instruments, effective 28-10-2020. mist. In addition, CBK cut rates of other monetary policy instruments, by 0.125% for the entire interest rate yield curve, up to the ten-year term. The latest breaking news, comment and features from The Independent. State of Kuwait However, whether it is a question of xCurrent and xRapid remains unknown. You can manage them any time by clicking on the notification icon. Questions? News. This website stores cookies on your computer. +1 (202) 335-3939. In light of recent online reports falsely speculating on the intent to devalue the national currency, the Central Bank of Kuwait reiterates its commitment to maintaining the Kuwaiti dinar exchange rate at a level that protects its purchasing power. KUWAIT CITY, Nov 29: The assets of the Central Bank of Kuwait (CBK) increased by 98 million dinars, by 0.6 percent, to reach about 14.06 billion dinars at the end of last … Read More » Mina Abdullah Refinery … largest of its kind in Kuwait, says official +1 (202) 335-3939. Jordan Kuwait Bank (JKB) has implemented Citrix® Virtual Apps and Desktops across its 64 branches throughout Jordan and Cyprus, which has allowed it to remain operational and offer financial services to its SME and corporate customers to manage critical imports and continue trading seamlessly while the country is in lockdown. The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel announced the issuance of CBK’s 2019 Financial Stability Report, the eighth report prepared and issued as the bank seeks to boost transparency by providing reliable information and statistics on the Kuwaiti banking and finance sector. Moreover, all interest and fees related to these transactions will be waived. DUBAI- National Bank of Kuwait sold $300 million in Tier 2 bonds with a 10-year maturity, non-callable for five years, at 2.5% on Tuesday, two sources..... Continue Reading > 231 New corona cases today - total corona cases to 142,426 The Kuwait Ministry of Health announced 231 new coronavirus (COVID-19) infections in the last 24 hours 142,426 Total Infections and 3 deaths total bringing to 878. Set Up FREE Account Submit Release. KIB provides a full range of accounts that suit all banking needs. Global Investing Today. 2020-10-19: Kuwait Prophet's Birthday Public Holiday October 29 NATIONAL BANK OF KUWAIT : News, information and stories for NATIONAL BANK OF KUWAIT | Kuwait Stock Exchange: NBK | Kuwait Stock Exchange November 19, 2020. Set Up FREE Account Submit Release. UAE, Saudi central banks issue report on 'Aber', DFSA sanctions upheld against Dr Mubashir Sheikh, Islamic banking gains prominence in the UAE, Economic conditions hurt Saudi banks’ outlook, French giant Amundi threatens to divest SBI bonds, GCC bank profits will remain under stress, ADGM to sign MOU with Israel's securities authority, ENBD unveils digital transaction banking ecosystem, Saudi Monetary Agency renamed Saudi Central Bank, Dubai to prepare action plan to move away from cash, Dubai insurer Aman reveals a growth strategy, Gulf's young are influencing where wealth goes, UAE's fintech industry needs its own space to grow, India's RBI twitter handle creates world record, UAE National Day: Banking sector holiday announced, Top UAE banks’ profitability deteriorated in Q3, UAE inches closer to cashless economy target, Lebanon to revive forensic audit of central bank, RBI likely to double capital for new banks, DIFC signs agreement with Israel’s Bank Hapoalim. These banks will resume work tomorrow Sunday and continue services within this period of time until March 26, when the government … One digital currency for UAE and Saudi central banks? +1 (202) 335-3939. Oil-rich Kuwait faces reckoning as debt crisis looms. His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of the Economic Report for the year 2019, which is the 48th such report in a series prepared and published by the bank. NBK enjoys a dominant market share with a large and ever-expanding local and regional clientele. Get by Email • RSS. News. Whether you need to get profit on your savings, or open an account for your child, we have the perfect account that meets your demands such as: Al Nafees Account, Kids Account, Current Account and more. NatWest Markets plc and Banco Santander were sellers in this transaction, The agreement to support mutual cooperation in financial technology, The platform to simplify working capital management and streamline complex operations, Working Group created to prepare roadmap and initiatives to make transition happen, Plan fixates on operational gains through expansion as well as via investments, Environmentally sound investments now figure prominently in these decisions, Being tethered to monolithic financial institutions will slow down pace of innovation, Reserve Bank of India becomes the first central bank in the world to achieve the feat, Residents in the UAE can look forward to 5-day weekend, Lower interest rate environment continued to pressure banks’ asset yield, Standard Chartered sees big strides in digitisation and sustainable finance in the region, Alvarez & Marsal pulled out of the audit alleging lack of cooperation from central bank, Fiscal policies designed to protect currency peg may hamper economic growth, Universal banks will have to be listed within six years of commencement, Agreement creates a framework for both organisations to cooperate in financial services. ... Kuwait. Both on your website and other media. Kuwait Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline. Questions? To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, HSBC increases stake in Saudi British Bank to 31%, 'Lebanon central bank can't keep subsidies for long', UAE insurers remain insulated against pandemic hit. His Excellency the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al-Hashel affirmed the CBK’s commitment to its foreign exchange rate regime. Kuwait to lose 11,450 craftsmen over the age of 60 in 2021 - Kuwait Gulf News General Egyptian accountant arrested for embezzling 2 million dinars from Kuwait - Kuwait Gulf News Published on Oct 27, 2020. In its meeting with the local banks, CBK underlines the importance of developing job opportunities for national talent in the banking sector. +1 (202) 335-3939. 22 November 2020 UAE confirms 1,269 new COVID-19 cases, 3 deaths About News by Country News by Industry ... Kuwait World Bank News Monitoring. Furthermore, the report encompasses CBK’s regulatory and supervisory efforts for said year, as well as major banking operations and key tasks performed by CBK to enhance staff performance and upgrade its IT infrastructure. Box: 526, Kuwait Inter-American Development Bank General News Topics; Specialized News Sections on Kuwait Inter-American Development Bank General. Set Up FREE Account Submit Release. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Set Up FREE Account Submit Release. (3) of the year 2020 concerning the formation of a higher Shari’ah supervision authority, the Central Bank of Kuwait (CBK) Board of Directors approved the establishment, on 1-9-2020, of the Higher Committee of Shari’ah Supervision at the CBK and the guidelines organizing its business, within provisions of relevant laws. Gulf Bank brings you even more discounts to the biggest online sale of the year: Xcite’s Blue Friday! To ensure safe and orderly return of banks’ staff in the context of the current COVID-19 outbreak, CBK publishes its own "Return to Work" protocols, and oversees similar protocols for banks and their branches concurrently with the start of the Stage 2 of the phased return to work plan that kicks off on 30-6-2020. Speech delivered by His Excellency Dr. Mohammad Y. Al-Hashel, Chairman of the Higher Steering Committee for Economic Stimulus, Governor, Central Bank of Kuwait, on June 4, 2020 held in the State of Kuwait. As it has stated recently, the CBK will continue its adherence to policies that aim to bolster the local currency and maintain monetary and financial stability in the country. World Bank News Today. Inter-American Development Bank News Today. All rights reserved. Kuwait Bank Types News Topics; Specialized News Sections on Kuwait Bank Types. +1 (202) 335-3939. The latest, breaking international news from Gulf News, the UAE's No.1 English speaking newspaper 20 October 2020: Kuwait: CSC announce public holiday on October 29th source: KWT Today 23 July 2020: Kuwait announces a five-day break for Eid Al Adha source : Public Holiday News Office Holidays provides calendars with dates and information on public holidays and bank holidays in key countries around the world. Kuwait’s largest overseas network spread across many of the world’s financial and business centers. Dr. Al-Hashel indicated that the report contains the latest available data and statistics on various aspects of the economic performance of the State of Kuwait and is composed of six major parts, each dedicated to a key topic. KUWAIT, March 14 : Branches of domestic banks that will continue operating during the cabinet-declared official holiday will open at 9:00 am and close at 12 noon time, Kuwait Banking Association said on Saturday. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our the Governor's Speech - In Arabic. P. O. +1 (202) 335-3939. Kuwait International Bank issues sukuk Middle East Economic Digest 05:37 25-Nov-20 Kuwait’s Al-Zour refinery to receive crude in December Middle East Economic Digest 05:07 25-Nov-20 Army offering $7,500 reward in investigation of sexual assault on Camp Buehring, Kuwait Army … Questions? Bank. Banking Industry Today. The Presentation; Video of H.E. Reserve Bank of India becomes the first central bank in the world to achieve the feat UAE National Day: Banking sector holiday announced Residents in the UAE can look forward to … ... Kuwait City. Browse about CBK, our mission & objectives, and more. We at NBK, the first indigenous and one of the top 10 banks in Kuwait offer online banking services including accounts, cards, loans, salary portal and many more to individuals and corporate. CBK Maintains Current Historical Low Discount Rate, and Cuts Other Intervention Rates by 0.125%. National Bank of Kuwait sells $300mln in Tier 2 bonds -sources . His Excellency, the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of CBK’s 48th Annual Report for Fiscal Year (FY) 2019/20, including the audited financial statements (the Balance Sheet and Profit and Loss Account) of the CBK for the FY ended 31st March 2020. Questions? Recent Kuwait Public Holidays News and Updates Below is a list of recent news and updates related to Kuwait public holidays, national holidays, government holidays and bank holidays (note that this newsfeed is delayed by 30 days). A Filipino housemaid filed a complaint to the police department after her sponsor allegedly made advances on her when his wife and children were not home. 27.10.20 Press Release. Questions? Filipina Maid Brought to Hospital by Sponsor After Alleged Assault. +(965) 1814444 Kuwait Islamic Development Bank News Service from EIN News. Kuwait Regulation News Topics; Specialized News Sections on Kuwait Regulation. Know What's Trending Today (Kwt Today) uses multi-platform model for reporting news and views on trending topics from the Middle East and around the World. and Kwt Today - Know What's Trending Today reports latest news on trending topics from the Middle East and around the World. These cookies are used to improve your experience and provide more personalized service to you. Tel: Xcite Blue Friday. In view of Law No.