Over the course of 2017-18 Kuwait’s Islamic financial services (IFS) industry saw continued growth and ongoing development, shoring up the country’s long-standing reputation as a global centre for sharia-compliant banking, insurance and investment activities. Global IFS assets topped $2trn for the first time in 2017, with Kuwait accounting for 6% of these assets, having an estimated value of $...
Financial Services
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Chapter | Islamic Financial Services from The Report: Kuwait 2018
Chapter | Capital Markets from The Report: Kuwait 2018
The Kuwait stock market is undergoing a series of changes, which have the potential to trigger transformations in the market’s daily operations and long-term prospects. This commenced in 2016, with private operator Boursa Kuwait taking over operations of the publicly owned bourse, then known as the Kuwait Stock Exchange. In mid-February 2018 the Capital Markets Authority (CMA) announced it had...
Saudi Arabia’s banking sector is on track to see its first merger in nearly two decades amid efforts to expand credit growth into targeted sectors, which comes as lenders across the board are poised to benefit from higher interest margins.
As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
El uso de servicios de banca digital ha crecido en Colombia, tanto en número como en el valor de las transacciones, gracias a una serie de inversiones estratégicas en nuevas tecnologías y métodos de pago innovadores.
Kuwait has sought to increase transparency and boost consumer confidence in digital banking by mandating that all service providers register on a central e-payments system, a development that is expected to unlock growth in the market.