European consumer confidence fell more-than-expected in February from a 17-year high in the previous month, preliminary data from the European Commission showed on Tuesday.
The agency said its consumer sentiment index fell to 0.1 from 1.4 in January.
Economists polled by Reuters had an average reading of 1.0.
In the broader EU, consumer confidence also fell to -0.3 points from 0.4 points...
Wednesday, February 21, 2018
The Gular gas liquefaction plant arrives in Kuwait within days
According to informed oil sources, the arrival of the vessel «Gular», which carries a mobile plant to liquefy gas to Kuwait on February 24, according to the latest data and correspondence in this regard.
The sources pointed out that the arrival of «Gular» aims to treat imported gas (LNG) before pumping it into the main grid of electricity.
The sources pointed out that «Petroleum Corporation» seeks to resume the pumping of imported LNG (LNG) importer...
«S & P»: Gulf banking sector will see further improvement this year
S & P Global, the global credit rating agency, predicted that Gulf banks will be stable in their performance and financial conditions starting in the second half of this year, after two years of considerable pressure on the sector.
The Gulf banking sector is expected to witness further improvements in asset quality standards, the agency said in a report, noting that there is a likely rise in the cost of risk on a large scale due to factors...
«Central» Amend the list of fees for banking services
The Central Bank of Kuwait has approved amendments to the list of fees for banking services offered to individuals and companies, sources told Al-Rai.
The sources pointed out that the increase in commission for a service was approved, while a bank proposal was rejected to increase the second service fee. The Central Bank also allowed the introduction of new fees that banks had not previously worked on.
According to the sources, the bank's checkbook...
Kuwait needs 18 months to apply VAT
The implementation of VAT in Kuwait, Qatar, Oman and the Kingdom of Bahrain requires more time, said Deputy Director of International Monetary Fund Abdulhak Sanhaji.
Sanhaji pointed out that the four Gulf countries are expected to be technically ready to implement this tax within 18 months.
"The IMF is working with the four countries that are expected to implement the...
The USD is settling against the Dinar at 0.299
The exchange rate of the US dollar against the Kuwaiti Dinar today at 0.299 dinars, while the euro fell to 0.369 dinars compared to yesterday's exchange rates.
The Bank of Kuwait (CBK) said in its daily bulletin that the exchange rate of the British pound rose to 0.419 dinars, while the Swiss franc fell to 0.319 dinars, and the yen remained at 0.002 dinars unchanged.
The euro has moved slightly weaker in recent trading as expectations for...
The Gulf economy has grown to its lowest level ever
The International Monetary Fund (IMF) expects total growth in the Gulf Cooperation Council (GCC) to reach its all-time low of 0.5 percent this year, with oil production cut under the OPEC-led agreement, to rise again in 2018 to 2.2 percent.
The Gulf countries grew by 2.2 percent in 2016, according to IMF data. Cash also predicted a recovery in non-oil growth in the GCC countries to about 2.6 percent in 2017 and 2.4 percent in 2018, compared...
