Kuwait Business News

Police spokesman Sergeant Atunaisa Sokomuri said Lolohea was taken in for questioning last week. The questioning came after fresh complaints were lodged by people who were allegedly cheated in 2004 and 2005. Police, through their awareness programs on the radio...

Real estate transactions in Kuwait increased 83 per cent in October from the previous month, touching 408 sales during the month, according to a report by National Bank of Kuwait (NBK). "This puts them comfortably back to mid-year levels. While...

Qatar will propose that Gulf states create a regional development bank, similar to that in Europe, at next month’s rulers summit in Kuwait, the head of the Gulf Coopera-tion Council told Al Arabiya television yesterday. Abdulrahman Al Attiyah, secretary-general of...

The Abu Dhabi Securities Exchange (ADX) yesterday made an encouraging 1.48 per cent recovery on the back of strong global factors. The general index gained 42.29 points to reach 2,907.54 compared with its previous close of 2,865.25 points. "Global cues...

Deposits in local banks in Kuwait saw a boost during last month, pumped by remarkable increase of government deposits, Kuwait National Bank (NBK) said Monday. NBK, however, said credit remained low and did not match the growth of deposits...Foreign currencies...