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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
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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