Gulf central banks slash interest rates following US Federal Reserve’s lead
After hiking it 11 times in 16 months and then holding it...
Kuwait
MENA Watch: Region’s IPO market sees strong Q2 2024 with USD 2.64 billion raised
Sixteen private companies and seven funds from different industries plan to list...
Kuwait’s banking sector shows strong stability ahead of crucial Federal Reserve meeting
Balances held with the Kuwaiti Central Bank, government bonds and bills, and...
Gulf banks’ lending income rises to record USD 21 billion on high interest rates
Kuwaiti banks drove the expansion, with their net interest income reaching USD...
Egypt may begin monetary easing cycle in September, rate cut by 2024-end
Egypt’s official gazette reported an up to 15% price hike for petrol,...
Saudi Arabia supplies almost 40% of Japanese oil imports, says data
Japan PM Fumio Kishida emphasised the importance of Saudi Arabia continuing to...
Moody’s affirms Kuwait’s rating at ‘A1’ on strong fiscal buffers
Moody’s projected that Kuwait’s financial assets, particularly the assets of the FGF,...
Airfares to Cairo decrease amid winter travel rush in MENA region
The average cost of the Kuwait to Cairo route has decreased by...
As MENA banks report profit increases, EY report brings more cheer
Aside from optimism that the global economic environment will improve, technological developments...
MENA Watch: All eyes on GCC as United Kingdom begins talks for new free trade agreement
According to the United Kingdom government, a thorough FTA would eventually boost...