Kuwait

A powerhouse in the global oil and natural gas markets, Kuwait controls respectively about 7% and 1% of the world’s reserves, accounting together for more than half of the country’s GDP and over 90% of its export revenues. 

To diversify its economy, the government has launched the Vision 2035 project, which aims to reduce Kuwait’s dependence on hydrocarbon revenues and create a hub for finance and commerce. To that end, Kuwait has taken steps to improve its business environment and regulatory framework, but the lack of deeper financial and social reforms has slowed the pace of progress. The nation’s heavy reliance on imported goods and services poses an additional challenge.

Basel Al-Haroon took his position as head of the Central Bank of Kuwait (CBK) in April 2022.

Source: World Integrated Trade Solution

Source: World Integrated Trade Solution

Explore Boubyan

We are a customer-focused, technology-driven, and socially-committed bank of today and the future. 

Established in 2004, Boubyan Bank is well-known for its award-winning customer service and rapid nationwide growth. However, what really sets the bank apart is our strong sense of community and for being a first-mover in cutting-edge digital banking facilities. Today, the bank offers the full range of financial services including personal banking, private banking, and business banking, as well as feature-loaded credit cards, competitive consumer loans, housing financing, and investments. 

Boubyan Bank was founded by Emiri Decree No. 88, Boubyan Bank is a Shari’a compliant financial institution and is the first Shari’a compliant licensed under the Law of Islamic Banks no. 33 of 2003.

The bank is a publicly traded company listed on Boursa Kuwait in May 2006. Major shareholders include National Bank of Kuwait (NBK).