News
Kuwait's foreign currency reserves fell by approximately 312. 7m dinars to reach 10. 338b dinars
1+ hour, 26+ min ago (416+ words) The balance of foreign currency reserves held by the Central Bank of Kuwait, including cash balances, bonds, certificates of deposit, treasury bills and foreign currency deposits, declined by 2. 88 percent during April 2026. The reserves fell by approximately 312. 7 million dinars to reach…...
ICAI Kuwait Chapter hosts webinar on stock market entry & exit strategies for 2026
3+ day, 22+ min ago (366+ words) The Kuwait Chapter of the Institute of Chartered Accountants of India (ICAI) conducted an insightful webinar on "How to Enter & Exit Stocks in 2026" on Friday, May 8 2026, featuring renowned market educator CA Vivek Bajaj, Founder, Kredent, IRage & Stock Edge. The session…...
Kuwait's vast reserves anchor credit strength despite oil risks, says Moody's
2+ week, 3+ day ago (535+ words) In its latest assessment, Moody's Investors Service affirmed that Kuwait's credit profile remains underpinned by exceptionally strong financial reserves, vast oil wealth, and one of the highest per capita income levels globally, reinforcing its resilience amid ongoing regional uncertainty. The…...
Trump deadline, Iran tensions rattle markets amid fears of historic energy crisis
1+ mon, 6+ day ago (475+ words) Ministry of Defense detects 17 drones in 24 hours, no damage reported Global markets opened the holiday-shortened trading week gripped by uncertainty, as investors weigh the prospects of a swift diplomatic breakthrough against the danger of a major escalation in the Iran…...
Kuwait assures financial stability as 2026/2027 budget targets reform and growth
1+ mon, 1+ week ago (560+ words) Minister of Finance Dr. Yaqoub Al-Rifai has reaffirmed Kuwait's financial stability, unveiling key details of the estimated 2026/2027 state budget while emphasizing continued reforms to strengthen sustainability and diversify income sources. In remarks to Kuwait Television, Al-Rifai said the budget reflects…...
Rates unchanged, risks elevated as Fed holds on to cautious policy
1+ mon, 3+ week ago (269+ words) The Federal Reserve opted to hold interest rates steady on Wednesday, maintaining the benchmark range at 3. 50% to 3. 75%, as policymakers navigated an increasingly complex economic landscape shaped by geopolitical tensions and inflationary pressures. The decision, approved by the Federal Open Market…...
Kuwaiti crude surges to $148. 62 despite sharp global oil decline
1+ mon, 3+ week ago (115+ words) Times Kuwait The price of Kuwaiti crude oil rose by US $5. 58 to reach US $148. 62 per barrel in trading on Monday, compared to US $143. 04 per barrel on Friday, according to the price announced by the Kuwait Petroleum Corporation. In global markets,…...
Gold edges lower as hopes for U. S. rate cut fade amid rising energy costs
1+ mon, 4+ week ago (301+ words) Gold prices dipped slightly on Monday, pressured by fading hopes of a near-term U. S. interest rate cut amid rising energy costs, although a weaker dollar helped limit losses. Spot gold fell 0. 2% to $5, 007. 58 an ounce by 02: 40 GMT, while U. S. gold futures for April…...
Hormuz closure triggers historic oil shock as IEA releases record 400 mln barrels
1+ mon, 4+ week ago (586+ words) The closure of the Strait of Hormuz has triggered what the International Energy Agency (IEA) describes as the largest disruption to global oil markets in history, with worldwide supply expected to fall by around 8 million barrels per day in March,…...
Escalating Middle East tensions pose new risks to world economy: Georgieva
2+ mon, 1+ week ago (138+ words) Times Kuwait The Managing Director of the International Monetary Fund, Kristalina Georgieva, warned on Thursday that the escalating conflict in the Middle East is putting the resilience of the global economy to the test. Speaking during an event in Bangkok,…...