KUWAIT, July 27 (KUNA) -- The Arab Corporation for Investment and Export Credit Guarantee (Daman) said Thursday that foreign direct investment projects coming to the region during the year 2022 increased by 74 percent to 1,617 projects, with 358 percent investment cost worth USD 200 billion.

KUWAIT, July 27 (KUNA) -- The US dollar against the Kuwaiti dinar on Thursday settled at KD 0.306 and the euro rose by 0.40 percent to KD 0.340, compared with Wednesday rates.

RIYADH, July 26 (KUNA) -- The Saudi Central Bank (SAMA) decided Wednesday to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 6.00 percent and the rate of Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 5.50 percent.

KUWAIT: In an interview with CNBC Arabia TV, Acting Group Chief Executive Officer at Kuwait Finance House (KFH), Abdulwahab Iesa Al-Rushood stressed KFH’s continuous improvement in the Group’s performance significantly during the first half of 2023, in which the net profit increased by over 141 percent reaching KD 333.4 million compared to the same period last year, the highest-ever quarterly profits recorded in its history and the biggest in Kuwait banking sector.

KUWAIT: Economic activity showed signs of further moderation in 2Q23 amid the higher interest rate environment, global uncertainties, and oil production cuts.

KUWAIT: Kuwait National Petroleum Company (KNPC) announced on Tuesday record-breaking profits of KD 1.016 billion ($3.32 billion) for the fiscal year 2022-2023.

KUWAIT: National Mobile Telecommunications Company K.S.C.P “Ooredoo” (Ticker: OOREDOO) announced on Wednesday its financial results for the half year ended 30 June 2023:

TUNIS: Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows to Europe and have offered financial assistance. Yet prospects of Tunisia’s sealing the biggest deal of all—a $1.9-billion bailout from the International Monetary Fund—seem increasingly remote.

KUWAIT, July 26 (KUNA) -- The Central Bank of Kuwait (CBK) on Wednesday decided to raise the discount rate by 0.25 percent from 4.0 percent to 4.25 percent effective July 27, 2023.