Latest articles from Kuwait

A busy souk in Kuwait City.

Kuwait’s economy gains temporary breathing space

Today 08:56 am

While a spike in oil revenues is predicted to return government finances to a surplus for the first time since 2014, vital economic reforms appear as far off as ever.

Salah Al-Fulaij, NBK’s chief executive officer for Kuwait.

National Bank of Kuwait remains confident despite weakening oil backdrop

March 29, 2023

NBK’s chief executive officer for Kuwait talks about the challenges facing the country’s banking sector, the lender’s international expansion, and digital banking brand Weyay.

A man withdraws cash from an ATM at a Kuwait Finance House branch.

Kuwaiti banks reap the rewards of economic boom year

March 27, 2023

KFH’s long-trailed acquisition of Bahrain’s AUB has further concentrated banking in the hands of the country’s two largest institutions.

kuwait central bank new

Kuwaiti banks bounce back as economy recovers

April 1, 2022

Higher oil prices and an end to most coronavirus restrictions point to a rosy year ahead for local lenders, with new digital entrants set to raise fresh questions about consolidation.

Sulaiman Al-Marzouq

Sulaiman Al-Marzouq on NBK’s new standalone ‘Weyay’

April 1, 2022

The National Bank of Kuwait’s deputy CEO for Kuwait talks to John Everington about the outlook for the economy and the prospects for public–private partnerships.

Ali H Khalil new

Markaz CEO signals the need for Kuwaiti bank consolidation

March 31, 2022

Markaz's CEO Ali H Khalil discusses the importance of Kuwait’s stalled debt law, the outlook for deposits in the banking sector after 2021’s declines and the likelihood of consolidation in the local banking market.

Abdul Salam Al Saleh new

Boubyan Bank on the benefits of digital automation

March 30, 2022

Boubyan Bank is Kuwait’s second-largest bank and the country’s fourth-largest lender overall. Abdul Salam Al Saleh, the bank’s CEO for corporate banking, financial control, treasury and legal affairs, spoke to John Everington about the country’s economic outlook for 2022, the outlook for the local mortgage market and the impact of digital banking.

Kuwait street new

Oil windfall brings temporary respite for Kuwait’s economic challenges

March 29, 2022

Kuwait’s economic challenges remain as entrenched as ever, even as higher oil prices are set to wipe out the country’s deficit.

kuwait city

Kuwait stands at the dawn of a new digital banking era

March 25, 2022

While Kuwait’s fintech sector remains tiny compared with its Gulf neighbours, the country has taken big strides towards licensing new digital banks.

kuwait oil

Kuwait to reap the benefits of new oil boom - for now

March 11, 2022

While Russia's invasion of Ukraine has boosted oil prices to multi-year highs, production constraints will constrain the benefit Kuwait enjoys. John Everington reports.

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