Stay updated with breaking news from Kuwait Plans. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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) -- Kuwaitâs 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 sectorâs upper and middle-level managements, the regulator said Wednesday. Banks will have until the end of 2023 to implement the changes. It follows similar moves in countries like Saudi Arabia and the United Arab...