Norges Bank has followed the Riksbank's lead in chopping 175 basis points off its key rate. Exposure to "new major shocks" sparked the move, which leaves the central bank's key rate at 3%. Elsewhere, three other central banks cut their key rate by 50...
The Central Bank of Kuwait on Wednesday has launched new open-market operations in a fresh bid to shore up liquidity.
Kuwait became the latest country to issue a blanket guarantee on all deposits after it emerged on Sunday that one of its largest banks had made a loss.
China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.
The Saudi Arabian Monetary Agency on Thursday became the third central bank in the Gulf this week to counter money-market fears of a liquidity shortage.
The Central Bank of Kuwait has said it is ready to pump funds into the country's banking system, local media reported Tuesday.
Nabeel Ahmad al-Mannae, the deputy governor of the Central Bank of Kuwait, quit in July, say reports.
Kuwait’s decision to loosen its dollar peg may herald an era of greater national economic independence in the Gulf, writes Narayan Lakshman.
The Central Bank of Kuwait (CBK) is to establish a unit to monitor money-laundering operations, the Arab Times reports. The unit will be headed by the governor of the CBK Sheikh Salem Al-Sabah and will work in unison with the office of the Public Prosecutor.
KUWAIT - The Governor of Central Bank of Kuwait Sheikh Salem Abdulaziz Al-Sabah has said that the Kuwaiti market is developing considerably especially in the investment funds sector in the past two years.
KUWAIT - Money laundering is illegal but some people manage to get away with it, yesterday disclosed Talal Al-Sayegh from the Central Bank of Kuwait during a lecture organised by the Institute of Banking Studies (IBS).