We’ll send you a myFT Daily Digest email rounding up the latest United Arab Emirates news every morning. Kuwait’s decision to delink its currency from the dollar last month sent reverberations around ...

KUWAIT, April 11 : Fitch Ratings has affirmed Kuwait's long-term foreign currency issuer default Rating (IDR) at "AA" with a stable outlook. Kuwait's key credit strengths are its exceptionally strong ...

KUWAIT, May 22 (KUNA) -- The governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah on Tuesday renewed Kuwait's commitment to fully cooperate with other GCC member states in ...

Kuwait’s central bank will keep pegging its dinar to a currency basket for the foreseeable future, and prefers not to rush plans for a Gulf single currency, Governor Sheikh Salem Abdul-Aziz al-Sabah ...

Lawmakers, however, demanded that another vote take place ahead of the single currency launch. Kuwait is the latest member of the four-country bloc with in the Gulf Cooperation Council to clear the ...

The dinar surged to an 18-year high while the Saudi Arabian riyal and the United Arab Emirates dirham strengthened as the magnitude of the Kuwait's third revaluation in just over two months took ...

Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a ...

According to Deputy Prime Minister and Minister of State for Cabinet Affairs Shereeda Maousherji, offenders will face up to six months in prison or a fine of up to KD 3,000. Image: Shutterstock Kuwait ...

Kuwait’s central bank cut interest rates on some monetary policy instruments in an effort to ease pressure on the currency while helping the economy cope with the impact of the Covid-19 pandemic. In a ...

KUWAIT/DUBAI (Reuters) - Gulf Arab countries will discuss pegging their planned single currency to a basket instead of the U.S. dollar, a Kuwaiti government official said on Tuesday, putting the ...

KUWAIT, Dec 8 (Reuters) - The Kuwaiti parliament unanimously approved a measure to join plans for a Gulf monetary union on Tuesday, but a top government official said adoption of the single currency ...