Related Research Articles
The economy of Kuwait is a small but wealthy petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world. Non-petroleum industries include financial services. According to the World Bank, Kuwait is the fourth richest country in the world per capita. Kuwait is the second richest GCC country per capita.
As an oil rich nation, transport in Kuwait is largely road-based with one car for every 2.25 people. Bus services make up Kuwait's entire public transport network as the country currently has no rail infrastructure. Several railways have been planned for many years but no plans have materialized, including a metro for Kuwait City. Kuwait has several maritime ports along the Persian Gulf. There are seven airports, the largest of which and solely allocated for civil use is Kuwait International Airport.
Since its independence in 1961, Kuwait maintained strong international relations with most countries, especially nations within the Arab world. Its vast oil reserves gives it a prominent voice in global economic forums and organizations like the OPEC. Kuwait is also a major ally of ASEAN, and a regional ally of China.
The Cooperation Council for the Arab States of the Gulf, originally known as the Gulf Cooperation Council, is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf except Iraq, namely: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution.
The Kuwaiti dinar is the currency of Kuwait. It is sub-divided into 1,000 fils. As of September 2019, the Kuwaiti dinar is the world's highest-valued currency unit per face value.
Industrial and Commercial Bank of China Limited is a multinational Chinese banking company.
Mashreqbank PSC is the oldest privately owned bank in the United Arab Emirates. Founded as the Bank of Oman in 1967, it was the first bank in UAE to install ATM cash dispensers, the first to issue debit and credit cards and the first to introduce consumer loans. Today Mashreq provides conventional and Islamic personal banking services including deposits, loans and credit cards; conventional and Islamic investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial in public offering and underwriting; conventional and Islamic asset management services including wealth management.
The National Bank of Kuwait (NBK) was founded in 1952. Ii is the largest financial institution in Kuwait, and has branches and subsidiaries in China, Geneva, London, Paris, New York, and Singapore and a regional presence in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the UAE.
The Al Rajhi Bank is a Saudi Arabian bank and the world's largest Islamic bank by capital based on 2015 data.
Kuwait, officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, it borders Iraq to the north and Saudi Arabia to the south. As of 2016, Kuwait has a population of 4.5 million people: 1.3 million are Kuwaitis and 3.2 million are expatriates. Expatriates account for approximately 70% of the population.
Islam is the main religion of the citizens of Kuwait and the majority of Kuwaiti citizens are Muslim; it is estimated that 60-70% are Sunni and 30-40% are Shias. The majority of Shia Kuwaitis are of Iranian ancestry.
AmBank Group comprises AMMB Holdings Berhad is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance.
Kuwait Finance House (KFH) was established in the State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Shari'a. KFH is listed in Kuwait Stock Exchange (KSE), with a market capitalization of $8.2 billion as of May 2016. Assets total $55.52 billion and deposits amount to $34.97 billion
Jleeb Al-Shuyoukh is a town in Farwaniya Governorate, which is one of the six Governorates of Kuwait. It is the closest town to Kuwait International Airport and is largely inhabited by expatriates from countries such as India, Pakistan, Bangladesh, Sri Lanka, Egypt & Syria. Jleeb Al-Shuyoukh is located at 29°16′N 47°56′E. Kuwaitis reside in Block 4. New neighbourhoods are coming up around the town.. One such neighbourhood on west side of Jleeb is now designated as Abdullah Al Mubarak area. Its population in 2019 was 327,947.
Islami Bank Bangladesh Ltd. (IBBL) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913.It has 36.91% local and 63.09% foreign shareholders. As of November 2019, IBBL has 350 branches including 59 AD Branches & 03 Offshore Banking Units as well as has more than 13,500 staffs. In addition to that, IBBL maintains its own 621 ATM Booths and 33 IDM, along with 6,000 shared ATM network across the country. IBBL mobilizes around 29% of the country remittance. In 2015, it serves US$3,903.21 million out of US$15,316.75 million of total country remittance. As such, IBBL is the largest private banking network in Bangladesh. When IBBL was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank is listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.
KazInvestBank (KIB), previously KazInterBank, is a Kazakhstan commercial bank. On 27 December 2016, the Kazakhstan authorities revoked the licence of Kazinvestbank citing its repeated failures to process payments.
Ahli United Bank is a regional bank based in Bahrain. Its head office is situated at Manama and is the largest bank in Bahrain. It is present in 8 countries in the Middle East and United Kingdom. Ahli United bank's ordinary shares are listed on Bahrain Stock Exchange since August 2000 and the Kuwait Stock Exchange since June 2006.
Al Ahli Bank of Kuwait (ABK) is a retail and commercial bank located in Kuwait City, founded in 1967. The services are provided via 31 branches in Kuwait, 2 branches in the United Arab Emirates and 43 branches in Egypt.
Ahli United Bank Kuwait (AUBK) is a traditional bank founded in 1971, providing retail, private and corporate banking services with headquarters in Safat, Kuwait City.
References
- ↑ "Company Overview of Kuwait International Bank K.S.C.P." Retrieved 20 March 2017.
- ↑ "Kuwait International Bank (KIB): Full Service Islamic Bank". 18 January 2016. Retrieved 20 March 2017.
