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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
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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