Kuwaiti Banks Donate $5M to Morocco Earthquake Relief Efforts

The Kuwait Banking Association announced on Sunday that Kuwaiti banks have donated $5 million to support aid and rebuilding efforts in Morocco following the devastating earthquake that hit the country on Friday.

The earthquake, which had a magnitude of 6.8, caused widespread damage and loss of life. At least 2,000 people have been killed and thousands more injured.

The statement from the Kuwait Banking Association (KBA) said that the donation is a way for the banks to show their solidarity with those affected by humanitarian crises. The KBA also said that the donation is part of the banks' commitment to their social responsibility.

The donation is a significant gesture from the local banks and shows their willingness to help those in need. It is also a reminder of the important role that banks can play in society.