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National bank of Kuwait (NBK)
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 moreThings To Consider Before Moving To Kuwait
1. Kuwait May Be Hotter Than Any Other Country
When people think about the Middle East, I am sure they picture a vast desert with a scorching sun and this is valid to some degree. Kuwait consists largely of the sandy Arabian Desert, with a very minimal urban area. After growing up in a tropical city in South Africa I thought I was prepared for the heat but I was still taken by surprise.
Overview of Kuwait
Kuwait is an Islamic nation that is becoming more and more influenced by Western traditions. The country's capital is Kuwait City, and it is a lively city.
Read moreTop Banks in Kuwait
Currently, 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.
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