National bank of Kuwait (NBK) was the first national bank in Kuwait and the entire Arabian Gulf region established in 1952. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Indian rupees – equivalent to 75 Kuwaiti dinars today. Over the years NBK has proved itself to be a financial leader in the Arab world.
Read moreCurrently, Kuwait has 11 local banks including 5 Islamic banks, all of which are supervised by the Kuwait Central Bank to preserve Kuwaiti Dinar's stability, and it also acts as the Kuwait Government's financial advisor and banker. In addition, MNC's like HSBC, Citi-group etc. also work within Kuwait's banking division.
Read moreThe Green Island in Kuwait is an artificial island, situated off the Kuwait City promenade coast. It opened in February 1988 and is a popular tourist attraction, as well as a popular holiday retreat in Kuwait. This is basically a reclaimed land, transformed into an artificial island.
Read moreKuwait is a country full of wealth generated from the limited petroleum economy and a leading position in the financial sector of the GCC countries. These integrated industries have propelled Kuwait's dinar to become the most rated currency in the world.
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