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Malaysia unveils new taxes, subsidy cuts in 2024 budget
KUALA LUMPUR: Malaysia said Friday it will impose new taxes and cut subsidies to boost the nation’s fiscal position as it faces headwinds from a sluggish global economy. Prime Minister Anwar Ibrahim said his government will introduce a capital gains tax for the sale of unlisted shares at a rate of 10 percent from March next year, and raise the levy on some sales and services—like logistics and karaoke venues—from 6 to 8 percent.The measures...
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Africa hears pledges but little action at IMF-World Bank talks
MARRAKESH: Pummeled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil since 1973. The myriad troubles facing the continent were front and centre at the week-long talks in Marrakesh, Morocco, which began Monday and end Sunday.The managing director of the International Monetary Fund, Kristalina Georgieva, said from day one that...
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Boursa Kuwait holds ‘Financial Asset Managers Day’ in Dubai
KUWAIT: Boursa Kuwait organized a “Financial Asset Managers Day” on Oct 11, 2023 in collaboration with HSBC, the British-based multinational investment bank and one of the largest investment banks in Europe. Held at the bank’s headquarters in Dubai, the United Arab Emirates, the initiative brought together representatives from eight licensed Kuwaiti investment companies with the Markets and Securities Services Desk at HSBC (HSBC MSS).The...
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Kuwait beat China in handball to advance at Asian Games
Kuwait beat host country China 24-27 to advance to the second round as Group A leaders during the 19th Asian Games in Hangzhou on Wednesday.
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Bader Al-Kharafi gifts Volvo vehicle to Abdullah Al-Rashidi, $5,000 to Yousef Al-Shamlan
KUWAIT: Bader Nasser Al-Kharafi has gifted Abdullah Al-Turqi Al-Rashidi a brand new Volvo vehicle after he won a gold medal in skeet shooting at the 19th Asian Games. Kharafi also gifted Yousef Al-Shamlan $5,000 after he won a bronze medal in fencing at the Asian Games. Furthermore, Kharafi announced gifting a vehicle to each athlete who wins a gold medal, $10,000 to each athlete who wins a silver medal and $5,000 to each athlete who wins a...
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Zhang breaks Asian Games record
Hangzhou: World champion swimmer Zhang Yufei sent a major message to her Paris 2024 rivals on Wednesday at the Asian Games as Nepal smashed multiple records in the cricket. Hosts China lead the medals table with 76 golds, far ahead of South Korea (19) and Japan (15), after adding titles in a range of sports from artistic gymnastics and chess to beach volleyball and swimming.The home nation and Zhang in particular have been in ominous form in the...
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Mysterious antimatter observed falling down for first time
PARIS: For the first time, scientists have observed antimatter particles — the mysterious twins of the visible matter all around us — falling downwards due to the effect of gravity, Europe’s physics lab CERN announced on Wednesday. The experiment was hailed as “huge milestone”, though most physicists anticipated the result, and it had been predicted by Einstein’s 1915 theory of relativity.It definitively rules out that gravity repels...
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Humanitarian crisis looming in Armenia
GORIS: Armenia said Wednesday that nearly half of Nagorno-Karabakh’s population has fled the enclave since Azerbaijan crushed the rebels’ decades-long fight for an independent state last week. Yerevan’s attempts to absorb the sea of homeless and hungry ethnic Armenians come with officials still trying to identify the whereabouts of more than 100 people reported missing in a fuel depot blast Monday that claimed 68 lives.The fireball erupted...
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‘We are penniless’: Migrants bled dry on path through Darien Gap
ACANDI: At the start of the perilous jungle trek through the Darien Gap to Panama, uniformed workers on the Colombian side hand out colored wristbands to migrants, like bouncers at a nightclub, to indicate what “services” they have paid for. The minimum of $170 gets you a guide for the treacherous journey from South America to Central America, as well as medical care and toilet access.If you can’t afford that, your wristband indicates you...
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A migrant rest stop in Panama after brutal crossing of the Darien Gap
BAJO CHIQUITO: Once Marcel Maldonado had finally made it across, he broke down in tears. The Venezuelan migrant, limping on a prosthetic leg, had survived the infamous trek through the Darien jungle from Colombia and, having crossed the Tuquesa River, he was now in Panama.Perched on the riverside is Bajo Chiquito, the first Panamanian village where migrants -- some 3,000 a day, most of them Venezuelans, many with children -- arrive after the...
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56,000 Pakistan schools shut over eye virus outbreak
LAHORE: More than 56,000 Pakistan schools will shut for the rest of the week in a bid to curb a mass outbreak of a contagious eye virus, officials said Wednesday. Millions of students will stay home from tomorrow after Punjab, Pakistan’s most populous province, announced blanket closures having recorded 357,000 conjunctivitis cases since the start of the year.The fast-spreading eye infection causes redness, itchiness and discharge from the eyes...
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Zionist entity passport holders can now enter US visa-free
WASHINGTON: The United States said Wednesday it will start letting citizens of the Zionist entity visit without visas after concluding its ally reduced discrimination against Arab Americans, an assessment rejected by some lawmakers and activists. In a decision that places the Zionist entity in the same league as most Western nations, President Joe Biden’s administration said that the entity’s citizens by the end of November will no longer...
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Amir’s visit to Turkey
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RAMALLAH: Kuwaiti Ambassador Hamad Al-Marri submits his credentials to Palestinian President Mahmoud Abbas on May 5, 2024. – KUNA
Kuwait’s support for Palestine hailed
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KIRYAT SHMONA: People look at a damaged car at a site hit by rockets fired from southern Lebanon near the Lebanese border on May 5, 2024. - AFP
Hezb hits Zionist entity after fatal Lebanon strike
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Chief delegates to the 15th Islamic Summit of the Organization of Islamic Cooperation pose for a group photo. – KUNA photos
GCC seeks Islamic cooperation
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ISTANBUL: A man waves a Turkish national flag in front of worshippers inside the ancient Orthodox church now converted as the Kariye Mosque on May 6, 2024. - AFP
Erdogan opens former church to Muslim faithful