A government-appointed inquiry, known as a Royal Commission, in February made 76 recommendations after months of revelations of financial wrongdoing against consumers that wiped billions of dollars off market capitalisation from finance stocks.
The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.
iPayLinks is aiming to build up the one-stop payment solution for the Middle East cross-border businesses
Kuwait’s bank credit increased by 4.8%
Tourism revenues in the first seven months of this year grew to 2.7 billion dinars from 1.9 billion dinars in the same period last year, central bank figures showed.
NN Group CEO Friese to become Aegon CEO in March
In the first half of 2019, the company incurred losses worth KWD 6.25 million, 204% higher than KWD 2.05 million in H1-18.
Total loans recorded $386mln in Q2 2019
India came in the first place by $78.6bln, then China by $67.4bln, Mexico by $35.7bln, and Philippines in the fourth place by $33.8bln
The bank said that the service will allow all BBK customers to make cross-border payments to bank accounts, mobile wallets and cash-out locations.
Loans to the construction industry fell by over 10% in the first quarter
Many African nations are facing a funding gap which, if left unaddressed, could constrain future growth
Foreign funds and other types of security will still need to be approved within each UAE jurisdiction that they are promoted
The company appears to be making fewer direct investments but its fixed income assets have swelled