Kuwait Plans News Today

A study is being planned for the launch of Kuwait’s new investment program, an additional sovereign wealth fund. Principle among its goals will be to boost the economy in the country. The name given to the SWF is The Ciyada Development Fund. This fund will make strategic planning and execution of large-scale development projects.  Ciyada…

Kuwait Asks Banks to Employ Citizens in Top Leadership Positions Apr 14 2021, 7:51 PM April 14 2021, 3:02 PM April 14 2021, 7:51 PM (Bloomberg) -- (Bloomberg) -- Kuwait’s central bank asked local lenders to employ its citizens to leadership positions as Gulf nations expedite their push toward nationalization. Kuwaiti nationals should comprise at least 70% of the banking sector’s upper and middle-level managements, the regulator said Wednesday. Banks will have until the end of 2023 t...