National Bank of Kuwait Full-Year Net Income Beats Highest Estimate

Jan.21 — Shaikha Al-Bahar, deputy group chief executive officer at National Bank of Kuwait, discusses full-year earnings and her outlook for the bank. She speaks on “Bloomberg Daybreak: Middle East.”


In This Story: Kuwait

Kuwait, officially the State of Kuwait, is a country in Western Asia. 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.

Oil reserves were discovered in commercial quantities in 1938. Kuwait is a non-NATO ally of the United States. Kuwait is also a major ally of ASEAN, while maintaining a very strong relationship with China.

Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a World Bank high-income economy backed by the world’s sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world.

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