Kuwait's Cabinet has approved a draft decree-law criminalizing unlicensed currency exchange and hawala operations. New penalties include up to six months imprisonment and fines up to KD 3,000 for ...

Kuwait has introduced criminal penalties for unlicensed currency exchange, targeting informal trading and hawala operations. The new decree-law imposes jail terms, fines, and potential shop closures ...

Kuwait’s strong economic performance, supported by substantial oil reserves and effective fiscal policies, has helped maintain a high exchange rate for its currency. In contrast to nations facing ...

KUWAIT, May 22 (KUNA) -- The governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah on Tuesday renewed Kuwait's commitment to fully cooperate with other GCC member states in ...

KUWAIT CITY, Dec 3: The Cabinet, chaired by His Highness Sheikh Ahmed Al-Abdullah, Prime Minister, held its weekly meeting yesterday at Bayan Palace and approved a series of key decrees and ...

KUWAIT/DUBAI (Reuters) - Gulf Arab countries will discuss pegging their planned single currency to a basket instead of the U.S. dollar, a Kuwaiti government official said on Tuesday, putting the ...

Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a ...

KUWAIT CITY, Dec 3: The Ministry of Commerce and Industry announced in a press release that the Cabinet has approved a draft decree-law introducing a new Article (12 bis) to the Commercial Licensing ...

Kuwait International Bank (KIB) and Al Muzaini Exchange announced the signing of a strategic partnership agreement to launch ...