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Citizens and expatriates spent about KD 24 billion last year. (Shutterstock)

February 11th, 2019 - 09:45 GMT

Nationals and Expats Spent More Than $79 Billion in Kuwait in 2018

Citizens and expatriates spent about KD 24 billion ($79.5 billion) last year – around KD 2 billion ($6.6 billion) higher than their expenditures in 2017, reports Al- Rai daily.

Saudi Arabia based issuers led the GCC in 2018, raising a total of US$28.51 billion through 22 issuances and representing 31 percent of the total value raised in the GCC. (Shutterstock)

February 10th, 2019 - 07:42 GMT

GCC Sovereign and Corporate Issuances, Totaled Exceeds $153 Billion in 2018

The approval of the Central Bank of Kuwait should be obtained if ownership exceeds 5 percent of the bank’s capital. (Shutterstock)

December 17th, 2018 - 08:12 GMT

Foreigners Can Now Own a Bigger Share of Kuwait's $39 Billion Banking Sector

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)

August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)

July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

The move is expected to provide 17,000 job opportunities for Kuwaiti citizens. (Shutterstock)

March 11th, 2018 - 12:14 GMT