BLOGS

Expats now have to pay up to KD1,700 to keep parents in Kuwait annually

Expatriates living in Kuwait will now have to pay up to KD 1,700 per year-the equivalent of $5,593 to keep parents in the country.

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National bank of Kuwait (NBK)

National bank of Kuwait (NBK) was the first national bank in Kuwait and the entire Arabian Gulf region established in 1952. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Indian rupees – equivalent to 75 Kuwaiti dinars today. Over the years NBK has proved itself to be a financial leader in the Arab world.

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Living Expenses in Kuwait

The cost of living in Kuwait to an average West expatriate is more or less equal to that of most European nations. The average cost of living index of Kuwait City is equivalent to that of middle cost living locations.

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Kuwait Taxi - Prices and Useful Tips

There is no shortage of transportation options in Kuwait City, whether for tourists or business travellers. However, Kuwait has a well-developed road network, public transport is largely limited to buses and taxis. Plans are underway to build a rail network in the future, but buses, cars, or taxis are currently the only forms of general public transport available in Kuwait.

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