06.05.18 Press Release

CBK Honors the Winner of "Kuwaiti Economic Researcher Award" 2017

His Excellency, the Governor of the Central Bank of Kuwait (CBK), Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Dr. Mohammad Y. Al-Hashel, honors the winner of "Kuwaiti Economic Researcher Award" for the year 2017.

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30.04.18 Press 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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16.04.18 Press 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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05.04.18 Press 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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27.03.18 Press Release

CBK-IFSB Conference on Islamic Finance themed “Islamic Finance: A Universal Value Proposition”

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce that they will be organizing a high-level global conference on Islamic finance. The conference will be held on the 2nd of May 2018 in the State of Kuwait in conjunction with the IFSB Annual Meetings 2018, hosted by the CBK.

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21.03.18 Press Release

CBK Raises Discount Rate by a Quarter Percentage Point to 3% From 2.75% Effective from 22-3-2018

His Excellency the Governor and Chairman of The Board of Directors of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced that CBK Board of Directors decided to raise the discount rate by a quarter percentage point to 3% from 2.75% effective from 22-3-2018.

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11.02.18 Press Release

CBK Issues a Circular Amending the Mechanism of Customer’s Complaints

Central Bank of Kuwait (CBK) issues a circular to CBK regulated entities regarding amending the mechanism of customer’s complaints.

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17.01.18 Press Statement

CBK and CMA signed a Memorandum of Understanding

In a joint statement, the Central Bank of Kuwait (CBK) and the Capital Markets Authority (CMA) announced that they have signed a co-ordination and co-operation Memorandum of Understanding (MOU).

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06.01.18 Press Release

CBK Announces Scholarship Program for Master Degree

His Excellency the Governor of the Central Bank of Kuwait (CBK) and Chairman of Institute of Banking Studies, Dr. Mohammad Y. Al-Hashel, announced that the CBK has launched for the fourth year running a Master’s Degree Scholarship Program (MDSP) in collaboration with Kuwaiti banks.

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