Kuwait’s Warba Bank was established a decade ago to help bolster the economy. By leading in digitization, it has provided a blueprint for its peers. During his interview, Shaheen H. Al-Ghanem described the bank’s varied offering of digitally delivered products and services, which have resulted in high ratings from its appreciative customers.
Prices have been on an upward trajectory in 2021, with oil leading the pack. Factors such as increased demand facing reduced supply led to crude prices jumping nearly 45 percent during the first half of the year. Will it hit the milestone of $100 per barrel soon? Some experts predict it will, while others hold more reserved expectations.
Over the past five years, the Kuwaiti economy has been undergoing a phase of substantial development. Progress has been achieved in the national political structure, and infrastructure projects have been successfully completed in increasing numbers year-on-year, with 2015 looking set to continue the trend.
Kuwait City: Commercial Bank of Kuwait, the Gulf state’s fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender.
A top executive from Airbus has said that western lenders are stepping back from aircraft financing and Asian and Middle Eastern lenders are stepping into the gap. The $100 billion aircraft financing market is facing a withdrawal by western lenders due to stricter legislation and the liquidity crunch.