ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 03:37 UAE time

YOUR DIRECTORY /

Central Bank of Kuwait

Main Category: Central Banks
First Address : 526
Second Address : Ali Al Salem Street
City : Kuwait City
Country : Kuwait
Phone: 965 2449200
Fax: 965 2440887
Email: cbk@cbk.gov.kw
Website: www.cbk.gov.kw


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ALL STORIES LIST


Kuwait economy may contract by up to 2% in 2009

Central bank governor also says he expects economic growth to return in 2010.

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Kuwait inflation seen falling to below 5%

Central bank governor see further decline in rate, says strict monetary policy in place to tackle global crisis.

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Kuwait central bank appoints monitor for Investment Dar

Initiative comes after firm's failure to submit accounts and complaints about its activities.

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Kuwait central bank says stress tests 'inadequate'- paper

Central bank wants banks to carry out half-yearly stress tests, and inform the findings.

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Kuwait goes to the polls for second time in year

General election on May 16 expects low turnout, Islamists to lose ground and first female seats.

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Kuwait announces discount rate cut

Fifth rate cut by central bank since last October - second in one month - set to be implemented Thursday.

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Kuwait bank issues $345m of one-year bonds

Central Bank will issue the treasury bonds on May 13 at a coupon of 2%.  

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Kuwait financial sector 'nearly stable'

Central bank governor says too early to tell whether it has totally overcome impact of global crisis.

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Kuwait's Central Bank calls for political stability

Call comes after ratings agencies threatened to downgrade Gulf state's sovereign rating.

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Kuwait cuts key rate from Monday to catalyse economy

Oil exporter's central bank to cut its benchmark discount rate by 25 bps to 3.5%.

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Gulf Bank to make Q1 profit on back of rescue plan

December's bailout from shareholders covered $1.29bn loss in derivitives.

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Kuwait to launch $275m bond scheme on April 8

The new one-year treasury bond is fifth in a year, it will carry 2.25% coupon.

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Kuwait central bank says no need for discount rate cut

Central bank governor says in interview that bank is selling T-bills to absorb liquidity.

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Kuwait central bank to issue further tranche of T-bills

Latest tranche to be issued (92m dinars) carries a coupon rate of 2.25%.

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Kuwait central bank to issue $678m in bonds

Oil exporter's central bank to issue one-year treasury bonds on Mar 18 with 2.25% coupon.

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Kuwait central bank to vouch for 50% of bank loans

$13.5bn has been set aside for the scheme that covers individuals and companies.

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Kuwait's Oct inflation eases to 10.4%

Annual inflation in Kuwait eases as food cost pressure declined, according to official data.

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Kuwait urged to cut discount rate to 3.25% - paper

Local banks exert pressure on oil exporter's central bank to cut key rate by 0.5%.

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Kuwaiti gov't unveils economic stimulus package

Package falls short of complete bailout for oil exporter's trouble financial sector - paper.

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Use fiscal policy to pep growth – Kuwait central bank

Oil producer urges other GCCs to tackle decline in asset and real estate prices via fiscal moves.

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Kuwait Dec money supply slows to 15.91%

Oil producer's M3 slips from 18.06% in Nov, as funds in savings and time deposits dropped.

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Kuwait plans $17.3bn bailout fund – papers

UPDATE 1: Gulf state plans economic crisis fund to buy assets from ailing firms and boost economy.

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Al Ahli Bank set for profits fall

Al Ahli Bank of Kuwait says it will see a fall in 2008 net profit and is warning of tough times ahead.

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Kuwait's money supply growth dips to 15.8% in Dec

Gulf nation's annual M2 growth dips from 17.97% in Nov, official data shows.

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Noor urges Kuwait to slash rates amid global crisis

Investment company chief says central bank should cut rates to help financial sector.

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Kuwaiti bank assets stand at $144bn - report

Central bank figures show banking sector in solid position amid global economic gloom.

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Kuwait introduces new repurchase deals

Central bank's move to revamp monetary policy tools in effort to boost investor confidence.

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Kuwait central bank reveals assets portfolio plan

Governor says gov't proposes to buy assets of investment firms, hit by global credit crunch.

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Kuwait central banker backs bank mergers

UPDATE 1: Sheikh Salem says mergers should be considered in light of financial crisis.

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Kuwait central bank cuts benchmark rate

Both discount and repurchase rates reduced following similar move by US Federal Reserve.

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Kuwait inflation eases to 11.1%

Annual inflation in Gulf state drops slightly in July from 11.35% in June, official data shows.

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Kuwait central bank guarantees all deposits

UPDATE 2: Kuwait says all deposits safe after saving Gulf Bank from derivatives losses.

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Kuwait to guarantee bank deposits

UPDATE 1: Move comes after central bank forced to step in to support Gulf Bank after it suffered losses.

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Kuwait money supply growth steady at 15.3%

Latest figures show more than $76bn circulating in Kuwaiti economy in August.

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Kuwait central bank says top priority banks not inflation

Bank governor underlines support for country's banking system.

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Kuwait banks have 'ample' liquidity

UPDATE 1: Central bank says it will  continue to ensure banking system has appropriate liquidity in wake of global crisis.

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Gulf states talk up markets, play down crisis

Verbal intervention from regulators comes amid fears that 5-year property boom is over.

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Kuwait injects more cash into banking system

Kuwait moves to shore up confidence, interbanking lending rates fall.

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Kuwait central bank offers overnight funds

Move signal central bank ready to ensure sufficient liquidity after bourse slide - bankers.

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The Gulf can run but it can't hide from market forces

The region's banks may have been feeling quite smug until these last few days.

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Kuwait to step in with emergency funds after lender appeal

Central banks to boost medium and long-term deposits 'to support economic activities'.

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Kuwait lenders call for cash injection

UPDATE 1: Gov't urged to put money into banking deposits to help secure liquidity and support economy.

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Kuwait inflation spurred by external factors: banker

Governor of the Central Bank says record inflation caused by importing commodities.

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Kuwait central bank move could quash FX bets, raise rates

Critics complain lack of certainty could discourage foreign investment.

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Kuwait's deputy chief banker resigns

Central bank officials say Nabeel al-Mannae has left senior position to 'pursue other opportunities'.

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Kuwait halts dollar flows used for forex bets

Central bank will buy and sell dollars for 'commercial purposes' only.

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Kuwait inflation holds above 11% in May

UPDATE 1: Inflation eases slightly in May from 11.4% in April, driven by food and housing costs.

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Kuwait inflation jumps to 11.4%

UPDATE 1: Inflation in April accelerates to record as housing and food costs soar, official data shows.

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Kuwait money supply slows

Money supply growth fell to 18% in June after central bank tightened bank curbs on consumer lending.

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Kuwaiti bank profits up despite lending restrictions

Q2 earnings surge as economy booms and as banks shrug off consumer lending rules.

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Kuwait money-supply growth jumps 23% in May

Growth in currency in circulation driven by investments in savings deposits.

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Kuwait eyes tools in inflation battle

Central bank to push ahead with 'intensive efforts' to use monetary policy to fight record inflation.

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Kuwait raises state spending despite inflation fears

Gov't hikes state expenditure by 2.2% despite central bank call to restrain spending.

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Gulf to miss 2010 single currency deadline

States agree to create joint cbank next year, but admit Gulf currency will not reach deadline.

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Gulf inflation threat mounts as oil hurdles to $150

Record oil prices placing more pressure on Gulf states to revalue currencies - analysts.

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Inflation, dollar peg to overshadow Gulf cbank summit

Central bank governors meeting to try and pick up pace of monetary union.

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Kuwait inflation soars into double figures

Inflation rose for third month in February to record of 10.14% on food and housing costs.

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Kuwait property sales plummet 35%

Sales in April nosedive after gov't restricts residential property trading in bid to curb record inflation.

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Kuwait steps up battle to curb consumer debt

Central bank hikes risk on consumer and mortgage loans in inflation fight.

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Kuwait cbank calls for anti-inflation efforts

Give away more land and resist calls to boost spending, governor urges.

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Kuwait central bank to curb commercial loans

Kuwait's central bank to further tighten commercial lending rules to tackle inflation.

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Central bankers eye shift in single currency deadline

Bankers also expected to discuss how to control record inflation at bi-annual meeting.

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Future of credit cards in question

Kuwaiti lenders lower limits and cancel cards as gov't moves to curb soaring spending and personal debt.

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Kuwait tightens curbs on consumer lending

People arranging fresh loans see borrowing cap cut by 10% in effort to rein in inflation, central bank governor says.

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Kuwait Central Bank calls for further inflation curbs

Kuwait Central Bank has asked commercial lenders to lower the salary ceiling against which they lend to individuals to 30% from 50%, according to reports citing unidentified banking sources.

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Gulf states cut rates, further fuel inflation

Saudi, Bahrain and UAE follow US and lower rates, Kuwait leaves benchmark rate unchanged.

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Kuwait hikes dinar again

Gulf state lets currency rise by second largest margin, taking cumulative gains to 8% since it depegged.

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Kuwait asks banks to restrict lending

Central bank asks commercial lenders to lower salary ceiling for lending to 30% from 50%.

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Gulf currencies surge as dollar nears record low

Investors bet on central banks revaluing currencies against dollar.

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Dinar makes biggest one-day gain this year

Kuwait lets dinar rise against dollar after US currency slid to record low against euro.

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Kuwait central bank unhappy over inflation

Governor calls for more Islamic finance instruments to help control liquidity.

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Gov't spending to blame for inflation - Kuwait

Central bank says link between increases in discount rate and inflation weak.

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Dinar remains unchanged for third day

Kuwait leaves dinar reference rate steady after dollar climbs against British pound.

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Gulf slashes rates to keep pace with US

Kuwait cuts benchmark interest rate for first time in 18 months, Saudi, Bahrain and UAE also lower rates.

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Kuwait to trim interest rates by Feb

Cut of at least 25 basis points likely in coming two months, head of economists' associations says.

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Kuwait set to cut lending rates

Central bank will likely reduce key discount rate soon despite record inflation, National Bank of Kuwait says.

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Dinar up against dollar, first time in two weeks

Kuwait lets dinar rise to new 19-year high after dollar slid against basket of currencies.

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Banks asked to write off bad debts

Kuwait asks lenders to cancel consumer loans as the government moves to slash $4bn of citizens' debts.

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Kuwait inflation hits 15 year high

Rising prices led by housing, education and health drive inflation to 7.3% in first nine months of year.

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Gulf states move to limit currency speculation

Qatar tightens lending curbs while matching Fed cut along UAE, Saudi and Bahrain.

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Dinar rises ahead of expected Fed cut

Kuwait allows dinar to appreciate for first time in almost a week, up 0.07% to 0.27390 per dollar.

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Dinar hits fresh 19-year high

Central bank allows dinar to rise against dollar as US currency extends losses on global markets.

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Dinar rises for fifth time in a week

Kuwait lets dinar appreciate after dollar slid to fresh low against yen on worries of more US rate cuts.

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Dinar continues rise against dollar

Kuwait's central bank lets dinar rise to fresh 19-year high after US currency hit record low against euro.

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Inflationary pressure grows as money supply soars

Money supply in Kuwait grew almost 19% for a second month in Sept, central bank says.

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Dinar rises to new 19-year high against dollar

Kuwait allows currency to appreciate after dollar hits record low against euro.

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Homeowner boost as Gulf states cut rates

Move follows US cut in interest rates, sending dollar to new lows and piling pressure on expat salaries.

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Gulf could unite to drop dollar peg

States could switch together to currency basket to buy time for troubled monetary union project.

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Dinar rises against dollar for third time in a week

Kuwait lets dinar appreciate after dollar fell to new lows on bets US will cut rates.

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Dinar hits fresh 19-year high against dollar

Kuwait allowed dinar to rise 0.14% as dollar falls on expected US interest rate cut.

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Dinar falls against dollar

Kuwait central bank lets dinar depreciate against dollar after US currency rebounded from all-time lows.

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Dinar at 19-year high against dollar

Kuwait lets dinar rise to highest level against the dollar since 1988 as US currency extends global slide.

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Kuwait: Monetary policy needed to fight inflation

Central bank says policy needs to play 'significant role' in checking price rises.

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Dinar in biggest gain on dollar since July

Kuwait allows dinar to appreciate over half a percent after US currency slid against euro and yen.

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Dinar depreciates for first time this week

Kuwait's central bank allows dinar to drop against dollar after US currency gains on global markets.

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Kuwait finance plans on slow burn

Country will not become international financial and trading centre until 2020, bank governor says.

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Ditching dollar peg helps fight inflation, Kuwait says

Central bank says depegging dinar has helped, but time needed to assess full impact.

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Dinar falls for 3rd time this week

Kuwait's central bank lets dinar depreciate against dollar again after US currency recovers some losses.

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Kuwait lets dinar fall by the most this year

Central bank allowed country's currency to depreciate to its biggest one-day fall this year against the dollar.

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Kuwait lets dinar fall

Central bank allows dinar to depreciate against dollar for first time in two weeks as US currency rose.

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Kuwait leaves dinar unchanged at 19-year high

Currency unchanged after four increases in six trading days as dollar sinks to new low.

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Dinar makes biggest one-day gain in two months

Kuwait allows dinar to rise 0.45% against dollar as US currency tumbles against euro.

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Homeowner joy, expat pain as interest rates slashed

Kuwait and UAE act on US decision to cut federal funds rate.

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Kuwait August M3 up 19%

Money supply in Kuwait rose in August at the second-fastest pace this year.

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Dinar falls off high against dollar

Kuwait central bank allows dinar to depreciate against dollar after US currency gains against the yen.

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UAE, Qatar reiterate support for dollar peg

Central bank governors say no plans to depeg currencies, expect rising inflation to decline.

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Dinar unchanged near 19-year high

Kuwait leaves dinar rate unchanged for second day after dollar hit 15-year low against a basket of currencies.

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Dinar rises to highest since 1988

Kuwaiti central bank allows dinar to appreciate as US dollar slides to 15-year low against major currencies.

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Kuwait inflation down from 12 year high

Food and transport prices increased at slower pace in June after currency peg to dollar scrapped.

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Dinar rate drops against dollar

Kuwait's central bank allows dinar to depreciate against US currency for the first time in almost two weeks.

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Dinar hits three week high against dollar

Central bank allows dinar to appreciate after euro recorded biggest weekly gain against dollar since March.

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Dinar rate rises against dollar

Central bank allows dinar to appreciate against dollar for first time in four days as euro gains on US currency.

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Dinar rate unchanged for third day

Central bank keeps dinar's reference rate to dollar after US currency fell against yen and rose against euro.

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Dinar left unchanged for second day

Central bank keeps the dinar reference rate after dollar gains against the yen and falls slightly against euro.

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Kuwait leaves dinar unchanged

Central bank keeps dinar rate unchanged against the dollar after its first appreciation in almost two weeks.

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Dinar rises against dollar

Kuwait's central bank allows dinar to appreciate against US currency for the first time in almost two weeks.

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Dinar drops against dollar

Kuwait allows dinar to depreciate for the fourth time this month as dollar hits one-month high against euro.

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Dinar remains unchanged against dollar

Central bank keeps dinar rate unchanged after letting it depreciate for three consecutive trading days.

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Kuwait banks untouched by credit turmoil

The country's banks do not invest in tools affected by the American mortgage crisis, official says.

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Reports of Kuwaiti conterfeit notes downplayed

Central bank claims only a small number are in circulation, says other currencies subject to similar challenges.

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Kuwait, Bahrain money supply up 15%

Central bank data shows Kingdoms' money supply rose above 15% year on year in June.

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Dinar sees third appreciation in a week

Central bank allows dinar to appreciate 0.09% against dollar as the US currency continues to lose value.

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Kuwait inflation unchanged at 5.34%

Inflation at end of May remained almost unchanged from April after central bank revaluation of dinar.

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Kuwaiti dinar hits 18-year high agaist dollar

Central bank allows dinar to appreciate 0.11% against dollar after value of US currency tumbled last week.

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Dropping dollar peg adds flexibility

Central bank governor Sheikh Salem says change allows the exchange rate to track global currency markets.

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Kuwaiti dinar depreciates against dollar

Kuwait allows dinar to depreciate against US currency for the second straight working day, a drop of 0.05%.

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Kuwait revalues dinar for fourth time

Move a sign the country's currency basket regime has come into effect as dollar gains against euro.

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Kuwait revalues dinar for third time

UPDATE 1pm: Oman rules out revaluation, claims dollar weakness is "a passing phase".

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Kuwait revalues dinar

Country allows dinar to appreciate 0.4% against the dollar as US currency tumbles to record low against euro.

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Kuwait panel urges currency revaluation

Government is asked to review exchange rate of US dollar to reflect its real value.

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Gulf states still back the greenback

Most Gulf central banks look set to ride out dollar weakness, although Kuwait may opt for a second revaluation.

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Kuwait dollar depeg is no quick fix

The central bank says that it will take time before inflation decreases.

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Kuwaiti MPs demand CBK, KIA probe

Central Bank of Kuwait and Kuwait Investment Authority officials accused of making illegal personal profits.

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Kuwait eases pressure on money market

Kuwait is allowing banks to reinvest some funds in short term certificates as they mature.

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Kuwait becoming Islamic finance heavyweight

The country is taking steps to bolster its local sharia-compliant institutions.

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Kuwait curbs demand for dinars

The country's central bank suspends market presence in a move to deter bets on dinar appreciation.

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Kuwait ties dinar to imports, investments

Currency basket is 'import and financial related', says Sheikh Salem.

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Gulf nations say monetary union still stands

Analysts doubtful, but Gulf nations insist they are committed to a single currency.

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Kuwait drops the dollar peg

Revaluation sees a basket of currencies adopted as talks of a GCC single currency stall.

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Kuwait rethinks dollar peg

Kuwait considers revaluing the dinar to counter rising inflation.

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Kuwait to let dinar rise 3%

Central bank will allow currency to appreciate to check inflation.

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Kuwait's CBK rejects offers on price

CBK says offered prices do not reflect fair value of its share price, but the door is still open.

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READER COMMENTS

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    21 Nov ' 09 at 10:22
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    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

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