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The stock market in Kuwait is regulated by four bodies: the KSE, the Ministry of Commerce and Industry, the Ministry of Finance and the Central Bank of Kuwait. [ 2 ] On April 24, 2016, the Kuwait Stock Exchange became fully operated by a private company and its name changed to Boursa Kuwait, making it the only stock exchange in the Middle East ...
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 Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification , growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
The Al Rai Alaam newspaper license was rented to Jassim Al Boodai (the Alrai owner) in 1995, and it was published as Al Rai in 2006 after the new press law.Egyptian journalist Abdallah Kamal was the advisor of the paper.
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The Kuwait Fund is the first aid agency in the world to be established by a developing country. KFAED was originally established with a capital of KWD 50 million, increased to KWD 200 million in 1966. [2] [3] "When first established in 1961, the Kuwait Fund was without precedent.
News. Science & Tech. Shopping. Sports. Weather. College football award winners: Full list of winners for 2024 season. Austin Curtright, USA TODAY NETWORK. Updated December 18, 2024 at 12:09 PM.
Kuwait Financial Centre (K.P.S.C), a.k.a. “Markaz”, is an asset management and investment banking institution in the Middle East and North Africa (M.E.N.A.) region, based in Kuwait. As of December 31st, 2023, it has total assets under management of over KWD 1.21 billion (Kuwaiti Dinar), [ 1 ] which equates to about USD 3.93 billion.