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Research Team

Kuwait Coverage Sep 3 - Oct 2

• Central bank issues bonds worth USD 494mn
• KPC denies reports of drop in oil exports to US
• Government says US decision to remove missiles is routine
• Central bank maintains discount rate unchanged at 3%
• KPC has 100,000 barrels per day of spare capacity
• CPI inflation accelerates to 0.9% y/y in August
• Bank provisions are already ample for IFRS 9, Fitch says
• Country's banks are enjoying a renaissance, FT says
• Burgan Bank's capital increase positive, Moody's says
• Burgan Bank plans KWD 150mn bonds
• Emir to visit USA and speak with President Trump
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