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Business

Gold prices down to USD 2,338 per ounce in last week’s trading

Gold prices went down at USD 2,338 per ounce after the closing of last week’s exchange market, recording weekly losses for the first time in five weeks.

Kuwaiti (Dar-AlSabaek) company in a specialized report, said that gold futures prices reduced the…

NBR holds VAT invoice compliance workshop

The National Bureau for Revenue (NBR) held a workshop on VAT invoice compliance, which aimed to raise awareness of all VAT related aspects and the necessary procedures for issuing VAT invoices.

The workshop was dedicated to assisting businesses in ac…

China’s central bank adds liquidity via reverse repos

China’s central bank conducted 2 billion yuan (about 281.47 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Sunday.

The move aims to keep liquidity reasonable and ample in the banking system, the People’s Bank of C…

Islamic bank meetings kick off in Riyadh

The Islamic Development Bank (IsDB) annual meetings kicked off on Saturday in the Saudi capital, under the patronage of Saudi King Salman bin Abdulaziz.

Islamic funding experts, financial ministers, representatives of financial institutions, private …

Open Forum Riyadh 2024 to discuss global challenges, opportunities

The World Economic Forum, in collaboration with the Ministry of Economy and Planning of the Kingdom of Saudi Arabia, will host an Open Forum alongside the Forum’s Special Meeting on Global Collaboration, Growth, and Energy for Development, scheduled t…

World Economic Forum is due to kick off in Riyadh later today

The World Economic Forum meeting on Global Collaboration, Growth, and Energy for Development, is scheduled to begin in Riyadh later on Sunday, drawing more than 1,000 participants from 92 countries.

The two-day meeting, attended by heads of state and…

CBK: USD settles at KD 0.307

The exchange rate of the US dollar on Sunday settled at KD 0.307 and the euro firmed at the level of KD 0.329 compared to Thursday’s rates, the Central Bank of Kuwait (CBK) said.

The CBK reported, in its daily bulletin, that the sterling pound edged …