Browsing: Funds

Kuwait, 30 December 2025: Driven by its commitment to fostering a secure banking environment and ensuring the safety of its customers’ financial transactions, Kuwait International Bank (KIB) extended its efforts to raise awareness about cybersecurity risks and evolving digital fraud methods. This comes as part of KIB’s support for the national “Let’s Be Aware” (Diraya) campaign, launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in collaboration with local banks. The Bank’s continued support for the nationwide campaign aligns with its dedication to empowering customers to protect

10 December 2025 (Geneva) – The International Air Transport Association (IATA) reported that USD 1.2 billion in airline funds are blocked from repatriation by governments as of the end of October 2025. A marginal improvement of USD 100 million has been made since last reported in April 2025. Out of total blocked funds reported, 93% are trapped in Africa and Middle East (AME). IATA called on governments to lift all restrictions on currency repatriation and allow airlines to access their revenues in U.S. dollars from ticket sales, cargo sales and other activities, as guaranteed in bilateral air service agreements and treaty obligations. Rest