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.
Read moreKuwait is home to an growing abundance of local bookshops and public libraries. Most include both Arabic and English books to the adults and children. Below is a compilation of NewHilite 's favorite bookshops, as well as all the public libraries in Kuwait.
Read moreKuwait celebrates its National Day and Liberation Day on 25 and 26 February each year, marking the country's independence after the First Gulf War. National day is in fact June 19th, but it is celebrated on June 25th as it marks the day when the Sheik Abdullah Al-Salem Al-Sabah came to power.
Read moreNational 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.
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