|10 December, 2019

Kuwait’s international investments fall 11% in Q2

Kuwait's international investments reached $102.97bln in the period between April and June

Panoramic view of Kuwait City skyline at down. Image used for illustrative purpose.

Panoramic view of Kuwait City skyline at down. Image used for illustrative purpose.

Getty Images/Emad Aljumah

Kuwait’s international investment fell by 11.4% year-on-year in the second quarter of 2019, according to the Central Bank of Kuwait (CBK).

The Gulf country’s total international investments reached KWD 31.193 billion ($102.97 billion) in the period between April and June, compared with KWD 35.209 billion in the same period a year ago, the CBK’s international investment position figures.

On a quarterly basis, international investments fell by 6.8% in the three months to June, from a total of KWD 33.476 billion ($110.15 billion) in the three months to March.

Furthermore, total assets declined year-on-year to KWD 57.751 billion in the second quarter from KWD 58.395 billion.

On the other hand, overall liabilities expanded to KWD 26.558 billion, compared with KWD 23.186 billion the year before.

Source: Mubasher

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