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FINANCIAL NEWS
Kuwait’s inflation rate to grow by 4.9pct
28 Sep 2016
(MENAFN) Kuwait’s economy slowed down last year in line with the decreasing oil production, as stated Qatar National Bank (QNB).Moreover, the parliament approved in Feb 2015 an investment program worth USD116bn, with projects being awarded for USD32bn.The GDP is predicted to increase to reach 3.6 percent this year and to 2.7 percent in 2017/2018.In addition, inflation in Kuwait is projected to grow to 3.6 percent in 2016 and to 4.4 percent and 4.9 percent in the coming year and 2018 respectively.
More News
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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