Kuwait Archives - International Finance

Mexico, Kuwait ties strengthen with trade growing every year

IFM CorrespondentOctober 16, 2024

by IFM CorrespondentOctober 16, 2024

The celebration commenced with the national anthems of Kuwait and Mexico being played, and then a cake-cutting ceremony led by Ambassador Peña Haller and Sheikh Nawaf Abdullateef Al-Ahmad...

Featured Oil & Gas

Qatar & Kuwait LNG supply deal: All you need to know

IFM CorrespondentSeptember 5, 2024

by IFM CorrespondentSeptember 5, 2024

In 2020, Kuwait and Qatar agreed to deliver 3 million tons of LNG annually for 15 years starting in 2022, aligning with the current agreement...

Banking Featured

Gulf banks see record profits as region’s net interest income increases

IFM CorrespondentSeptember 3, 2024

by IFM CorrespondentSeptember 3, 2024

With a 6.3% increase in net interest income to USD 2.5 billion, Kuwaiti banks led this growth...

Banking Exclusive Featured

Warba Bank: Catering to Kuwaitis with exclusive benefits

IFM CorrespondentMay 6, 2024

by IFM CorrespondentMay 6, 2024

Warba Bank envisions itself creating unique value in Kuwait's financial landscape to unlock opportunities for people and businesses...

Featured Markets

11th Annual International Finance Awards: Thailand gears up to welcome business titans

IFM CorrespondentJanuary 24, 2024

by IFM CorrespondentJanuary 24, 2024

To all the business talents poised for greatness, seize the opportunity to etch your name onto the illustrious winner board of the International Finance Awards...

Exclusive Featured Markets

11th Annual International Finance Awards: A grand spectacle set to unfold in Dubai

IFM CorrespondentJanuary 17, 2024January 17, 2024

by IFM CorrespondentJanuary 17, 2024January 17, 2024

To all the business talents poised for greatness, seize the opportunity to etch your name onto the illustrious winner board of the International Finance Awards...

Featured Finance

Kuwait’s corporate tax revolution: Phasing out by 2025

IFM CorrespondentNovember 15, 2023

by IFM CorrespondentNovember 15, 2023

At the moment, only international businesses operating in Kuwait are liable to pay taxes on their income from capital gains and profits...

Featured Islamic Banking

Kuwaiti Islamic banks to see improved profits despite regulatory pressure

IFM CorrespondentOctober 25, 2023October 25, 2023

by IFM CorrespondentOctober 25, 2023October 25, 2023

The financial metrics of Islamic banks were resilient in the first half of 2023, benefitting from the stable operating environment...

Featured Oil & Gas

Kuwait records first budget surplus in nine years thanks to soaring oil prices

IFM CorrespondentAugust 3, 2023

by IFM CorrespondentAugust 3, 2023

Over the course of a year, Kuwait brought in 28.8 billion dinars, a 54.7 per cent increase over the previous year...

Featured Islamic Finance

Ahli United Bank: Upholding principles of Shariah Audit with unwavering integrity

IFM CorrespondentJuly 13, 2023

by IFM CorrespondentJuly 13, 2023

Over the years, Ahli United Bank's internal Shariah Audit team has consistently demonstrated exceptional expertise and proficiency in their responsibilities...