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FINANCIAL NEWS
Kuwait issues USD10bn to finance budget deficit
04 Jul 2016
(MENAFN) Kuwait aims to enter the global market via bond issues to finance its budget deficit after posting a first shortfall in 16 years.
Additionally, the country also plans to borrow up USD10bn in US bonds from international markets, in both conventional and sukuk issuance.
Moreover, Kuwait will also borrow another USD6.6bn in both conventional and Islamic instruments from the local market.
Accordingly, the finance ministry already borrowed USD2.5bn from the regional market, whereas it recorded its first budget deficit of USD18.3bn in 2015/16.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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