Exchange rate of the US dollar against the Kuwaiti dinar on Wednesday stabilized at KD 0.279, but the euro fell to KD 0.354, compared to Tuesday's figures, said the daily bulletin of the Central Bank of Kuwait (CBK).
Exchange rate of the Sterling pound dropped to KD 0.440, however the Japanese yen remained stable, at KD 0.003, whereas the Swiss franc slipped to KD 0.295.
The greenback has remained dominant banknote, among the major currencies, amid fears about Greece's prospected withdrawal from the euro zone, thus investors viewed, anew, the American currency as a safe option.
AUB introduces new features to improve merchant profitability
Ahli United Bank is rapidly expanding Point of Sale (POS) Acquiring in Bahrain with state of the art systems and terminals and innovative features to meet the growing needs and expectations of reta
BKIC announces new brand identity
Bahrain Kuwait Insurance co. (BKIC) is a Bahraini public shareholding company
established in the year 1975 with equal shareholding from the states of Bahrain &
Kuwait
• BKIC stands as pro
Gulf wealth funds opting for private equity investments
Sovereign wealth funds in the Gulf region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in a new study.
Markets erase morning gains, trade flat
Markets have erased gains and is in the red this morning. The Sensex, after touching a high of 20,289, is now down 17 points at 20,207. Nifty is down 13 points at 6,143.