Banking & Finance

Banking & Finance

Kuwait will implement the joint tax agreement by early 2018

Ministry of Finance settled the controversy concerning the schedule for implementing Value Added Tax (VAT) system, when the Undersecretary of the ministry Khalifa Hamada diminished any possibility for its postponement…

 
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Banking & Finance

Kuwait intends to postpone tax implementation

Unlike Saudi Arabia which is preparing to apply selective tax from April 2017, other GCC countries including Kuwait have not yet decided on the date for implementation of the tax,…

 
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Banking & Finance

Ooredoo Kuwait presents achievements at AGM

Ooredoo Kuwait, a member of the international Ooredoo Group, has presented its achievements and financial results for 2016 during its annual general meeting and extraordinary general meeting, which were held…

 
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Banking & Finance

Warba Bank lists its sukuk on Nasdaq Dubai

Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, rang the market-opening bell to celebrate the listing on Nasdaq…

 
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Banking & Finance

Kuwait’s debut international bond attracts $15bn orders

Kuwait’s dual-tranche international debut bond has attracted order books in excess of $15 billion, a document issued by one of the lead banks showed. The debt sale, expected to price…

 
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Banking & Finance

Pricing of Kuwait debut foreign bond to approach Abu Dhabi debt

Kuwait’s first public bond issue in the global market is set to price between Abu Dhabi government debt, long viewed as the gold standard in the Gulf, and Qatar, investors…

 
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Banking & Finance

“UAE will be the most affected by the introduction of VAT”, says BMI

The introduction of the value added tax (VAT) by the GCC from January 1, 2018, will only have a short-term impact on the spending power of locals and expats, according…

 
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Banking & Finance

Canadian financial giant aims to build Middle East business

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head…

 
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Banking & Finance

Why personal debt levels can’t rise much further

The revelation last week that the average UAE resident is saddled with $11,590 worth of personal debt may not have come as a surprise to many. After all, this is…

 
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Banking & Finance

Kuwait sovereign wealth fund appoints new managing director

Kuwait Investment Authority (KIA) has appointed Farouk Bastaki as managing director to replace Bader Mohammed al-Saad, newspaper al-Rai reported on Monday, quoting unnamed sources. The KIA is one of the…

 
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