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The Insurance Regulatory Unit (Arabic: وحدة تنظيم التأمين) was established in accordance with Law No. (125) of 2019 regarding the regulation of insurance issued in the Official Gazette on 01-09-2019, and according to the law, the unit regulates insurance activity and controls it in a manner that is fair, transparent and competitive, and develops insurance activity.
Zain is listed on the Kuwait Stock Exchange.There are no restrictions on Zain shares as the company's capital is 100% free float and publicly traded. In Q2 2024, Zain Group generated consolidated revenue of KD 479 million (USD 1.6 billion), up 4% compared to Q2 2023. Normali
The United Arab Emirates has an embassy in Kuwait City, and Kuwait maintains an embassy in Abu Dhabi and a consulate-general in Dubai. Both countries are part of the Gulf Cooperation Council, Arab world, and Middle East region and share close cultural ties.
The United Arab Emirates has been successfully diversifying its economy. 79% of UAE's total GDP comes from non-oil sectors. [23] Oil accounts for only 2% of Dubai's GDP. [24] Bahrain has the Persian Gulf's first "post-oil" economy because the Bahraini economy does not rely on oil. [25]
Kuwait was the world's biggest exporter of sulfonated, nitrated and nitrosated hydrocarbons in 2019. [121] Kuwait was ranked 63rd out of 157 countries in the 2019 Economic Complexity Index (ECI). [121] Iraq was Kuwait's leading export market in 2019 and food/agricultural products accounted for 94.2% of total export commodities. [122]
Kuwait is a constitutional monarchy. [1] The King of Kuwait, a monarch from the Al Sabah ruling family , Kuwait is a parliamentary democracy.. the parliament appoints different cabinets, for different petitions.. concerning economy, peace and sharia law
This is a list of banks in Kuwait. All the following local (11 nos.) & foreign (11 nos.) banks are registered with Kuwait Banking Association . [ 1 ] The Central Bank of Kuwait supervises the 32 Exchange Companies that operate within Kuwait.
Kuwait, is a member of the Cooperation Council for the Arab States of the Gulf, which includes, Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, and Oman. These countries, have solid, and unbreakable bilateral relations. Citizens of these countries, may enter other GCC, country with their national ID.