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FINANCIAL NEWS
Kuwait’s huge funds put it in the safe side
10 Nov 2015
(MENAFN) Kuwait has been one of the few nations in the MENA region which stood up in the face of international crude oil prices decline, thus allowing it emerge with less to no damage.
Additionally, the main reason lies behind its enormous financial reserves, which allow the country to conduct gradual economic reforms especially by directing surpluses to productive spending.
According to IMF, the government needs to take more steps towards economic reforms, especially following the decline in oil prices, especially taking the right actions in raising the non-oil income.
However, it looks like Kuwait isn’t waiting for a push as it plans to start imposing taxes on commercial profits, as extra profits are expected, despite any low rates of taxes price, thus indicating its readiness.
More News
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
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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