Press Releases

30.04.18Press Release: CBK-IFSB High-Level Conference to Tackle Key Macro Level Issues on Islamic Finance

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce the agenda for the upcoming CBK-IFSB Islamic finance conference held on 2 May 2018, in Kuwait City, under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

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16.04.18Press Release: Top Level Experts to Speak at the CBK-IFSB Conference on Islamic Finance: A Universal Value Proposition

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce the top-level speakers who will participate at the upcoming CBK-IFSB Islamic finance conference on May 2, in Kuwait City.

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05.04.18Press Release: Key Developments in the Balance of Payments of the State of Kuwait for the Fourth Quarter of 2017

The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the fourth quarter of 2017 and the revised data of the third quarter of the same year. The aforesaid data shows that the Current Account (summing up receipts and payments between domestic economy and other economies in terms of goods, services and income) recorded a surplus of KD 1,108 million against a surplus of KD 488 million during the comparative period, representing a hike of KD 620 million or 127.1%. The upturn in the current account surplus is due to the appreciation in the surplus of balance on goods and the depreciation in the surplus of primary income on one hand, and the contraction in the services account deficit and the increase in the secondary income deficit on the other. The surplus in the current account mainly reflects a surge in the value of oil exports at a greater rate than that of value of merchandise imports resulting in increasing surplus of the balance on goods (merchandise exports minus merchandise imports) to KD 2,291 million during the last quarter of 2017 as compared to KD 1,748 million during the previous quarter. Furthermore, deficit in the Services Account (net value of services transactions between residents and non residents, the most important of which are transportation, travel, communications and construction) fell by KD 348 million or 17.9% to KD 1,596 million during the fourth quarter of 2017, compared to a deficit of KD 1,944 million during the previous quarter.

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