Kuwait vs Qatar vs Saudi banking what are the pros and cons of each jurisdiction and how do they differ
- Thread starter Mister Sir
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i proportionally disagree with you daniels "that Kuwait is not worth a discussion"
1) First and foremost what is the strongest currency in the world currently - answer Kuwait Dinar!
2) What does the Kuwait currency fully consist of - answer is undisclosed basket of currencies
3) Which bank got a A plus rating by Fitch - answer- National Bank of Kuwait
4) #$@&? bank in Kuwait "claims" to have a unlimited deposit guarantee...I don't know what to make of this but I'm "scared, curious and fact checking" at the same time .
5)Kuwait Dinar is freely convertible- I was surprised by this
6) A︀ Kuwait bank was mentioned in global finance top 100 Banks in the world...
*You are︁ most likely are correct about the 3 countries banks only being available to residents but︂ I'm curious if there is a workaround, also curious about the pros and cons of︃ these middle east banks compared to let's say the UAE. With some cons being for︄ example like no interest rates and Sharia's law!
1) First and foremost what is the strongest currency in the world currently - answer Kuwait Dinar!
2) What does the Kuwait currency fully consist of - answer is undisclosed basket of currencies
3) Which bank got a A plus rating by Fitch - answer- National Bank of Kuwait
4) #$@&? bank in Kuwait "claims" to have a unlimited deposit guarantee...I don't know what to make of this but I'm "scared, curious and fact checking" at the same time .
5)Kuwait Dinar is freely convertible- I was surprised by this
6) A︀ Kuwait bank was mentioned in global finance top 100 Banks in the world...
*You are︁ most likely are correct about the 3 countries banks only being available to residents but︂ I'm curious if there is a workaround, also curious about the pros and cons of︃ these middle east banks compared to let's say the UAE. With some cons being for︄ example like no interest rates and Sharia's law!
All three countries have very strong banks and attractive packages. The currencies are stable and the banking is excellent, often with branches overseas, should you have any need for SEPA transfers to EU IBANs. If you fall into the range of people able to open any of those bank account, please do so. You can check the big banks websites and check yourself all the details. I checked quite a few of them. The story of no interest is a story and there are banks paying very good interest.
If you have an account, please share your experience.
If you have an account, please share your experience.
You need to be resident to open a bank account in these countries
And specially Saudi Arabia is way mooooooore strict in their regulations with their banking system and they inject AI in very high level more than US or EU banks
I see Bahrain is great its same issue you need residency to open bank accounts but simple to get a residency and same with UAE and Oman
I live in Bahrain and soon will move to Oman
And specially Saudi Arabia is way mooooooore strict in their regulations with their banking system and they inject AI in very high level more than US or EU banks
I see Bahrain is great its same issue you need residency to open bank accounts but simple to get a residency and same with UAE and Oman
I live in Bahrain and soon will move to Oman
Bahrain is great country but the business direction in the region will be shifting to Oman
Im Opening a huge project there
Im Opening a huge project there
Its manufacturing project
They have free zone in Oman same as Dubai with 0 taxes of everything
Oman is the new dubai specially Alduqum free zone
They have free zone in Oman same as Dubai with 0 taxes of everything
Oman is the new dubai specially Alduqum free zone
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