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KUWAIT: Kuwait's money supply (M2) went up by 0.4 percent in March, reaching KD 39.2 billion (around 29.3 billion).

CBK: Kuwait’s money supply increased to KD 39.2bn in March

KUWAIT: The Central Bank of Kuwait (CBK) announced on Sunday that its data for the “Monthly Monetary Statistics” showed that the Money Supply (M2) went up by 0.4 percent in March, reaching KD 39.2 billion (around $129.3 billion).The CBK’s economic research department revealed in its data, obtained by KUNA, that residents’ private sector deposits in Kuwaiti dinar increased by 0.4 percent to KD 35.8 billion (around $118 billion). The...

DEIR EL-BALAH, Palestinian Territories: In this picture taken on March 29, 2023, Salama Badwan, a 40-year-old Palestinian man, and his wife Alaa, 40, tend to Aloe Vera plants grown on their roof to be used for oil extraction and soap-making, at their home in Deir Al-Balah in the centre of the Gaza Strip. -- AFP

Resourceful Gazans create work to overcome economic hardship

GAZA CITY: Seeking a path out of the Gaza Strip’s grinding poverty, Islam Abu Taima combs market alleyways for scraps of cardboard, hoping to transform the castoffs into sellable toys. Poverty in the conflict-wracked Palestinian territory, a thin strip of land wedged between Zionist entity, Egypt and the Mediterranean Sea, has hit a rate of 53 percent, according to the Palestinian Central Bureau of Statistics. Work opportunities are scarce in...

SANLIURFA, Turkey: Syrian women walk inside a bazaar near Balikligol (or Pool of Abraham, Halil-Ur Rahman Lake), in the southwest of the city centre of Sanliurfa on April 27, 2023. -- AFP

Boom and bust: Quakes define legacy of Turkey’s ‘Erdonomics’

ISTANBUL: The earthquake’s frightening rumble came deep in the night. Its ferocity killed thousands of people in their sleep and helped bring down a Turkish government. Fury over the scale of the 1999 disaster fed into broader economic discontent that ultimately propelled Recep Tayyip Erdogan to power. The Turkish leader now hopes a similar mix of economic despair and anguish over an even deadlier pre-dawn quake in February does not push him...

MIAMI GARDENS: (L-R) Aston Martin's Spanish driver Fernando Alonso, Red Bull Racing's Mexican driver Sergio Perez and Ferrari's Spanish driver Carlos Sainz Jr., pose after the qualifying session for the 2023 Miami Formula One Grand Prix at the Miami International Autodrome in Miami Gardens. – AFP

Perez takes pole in Miami as Leclerc crash leaves Verstappen in ninth

MIAMI GARDENS: Red Bull’s Sergio Perez grabbed pole position for Sunday’s Miami Grand Prix and with team-mate Max Verstappen left back in ninth on the grid, has his eyes on a victory that could send him to the top of the standings. Perez is just six points behind defending world champion Verstappen after the Mexican’s second victory of the season in Azerbaijan last week. Aston Martin’s Fernando Alonso, enjoying a strong season, claimed...

MADRID: Belarus' Aryna Sabalenka poses for pictures with the winner's trophy after beating Poland's Iga Swiatek during their 2023 WTA Tour Madrid Open tennis tournament singles final match at Caja Magica in Madrid. – AFP

Aryna Sabalenka earns Iga Swiatek revenge to win Madrid Open title

MADRID: World number two Aryna Sabalenka played a superb attacking game to beat Iga Swiatek in the Madrid Open final on Saturday for her first win on clay against her top-ranked rival. The Belarusian prevailed 6-3, 3-6, 6-3 to capture the title in the Spanish capital for the second time.Until Saturday, the 25-year-old had lost all of her three previous meetings with the Pole on clay without even winning a set. “It’s something unbelievable....

SEOUL: South Korean President Yoon Suk Yeol (right) and his wife Kim Keon-hee (second right) receive Japanese Prime Minister Fumio Kishida (second left) and his wife Yuko Kishida (left) during a welcoming ceremony at the presidential office in Seoul on May 7, 2023. -- AFP

Tokyo and Seoul try to bury historical hatchet, hailing ‘new future’ for ties

SEOUL: Japan’s Prime Minister Fumio Kishida said Sunday his “heart aches” for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea in over a decade. He met President Yoon Suk Yeol, who has made improving testy relations with Japan a top priority for his...

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Kuwaitis building fourth floor for their newlywed children to avoid high rents

By Ghadeer GhloumKUWAIT: As housing prices continue to rise, it is becoming increasingly difficult for young couples to afford renting their own apartments. In Kuwait, many Kuwaiti newlyweds find themselves struggling to pay high rentals while waiting to receive their government houses, which often leads to financial stress. So Kuwaiti families have adopted a potential solution that can alleviate this problem, which is building an extra floor in...

Britain's Camilla sits on the throne wearing a modified version of Queen Mary's Crown during the Coronation Ceremony inside Westminster Abbey in central London.

Floral headpieces replace tiaras at Charles’ dress-down coronation

Prince William’s wife Catherine on Saturday chose a floral headpiece instead of a tiara for the coronation of Charles III, in line with the “green” tone set for the coronation by the king. Charles, a long-time environmental advocate with a passion for nature, made his wishes clear when he sent out coronation invitations featuring the Green Man, an ancient figure from British folklore symbolizing the arrival of spring and rebirth. The break...

Visitors look at the paintings made by Ahmed Rabbani.

Freedom to paint: Pakistani Gitmo prisoner finds release in art

When Ahmed Rabbani ran out of paint to satisfy his artistic yearnings during 20 years of incarceration at Guantanamo Bay, he turned to whatever came to hand -- dirt, coffee grinds and even spices such as turmeric from the prison canteen.“Through painting, I would feel myself outside Guantanamo,” the 53-year-old Pakistani said this week at an exhibition of his work in the port city of Karachi. “Painting was everything for me there.”...

Ed Sheeran leaves Manhattan Federal Court and speaks to members of the media after he was found not guilty in a music copyright trial.

‘Very happy’ Ed Sheeran wins US copyright trial

British pop phenom Ed Sheeran expressed joy and relief Thursday after a US jury found he did not plagiarize Marvin Gaye’s “Let’s Get It On” in composing his hit “Thinking Out Loud,” calling the ruling a win for creative freedom. The English musician hugged his team inside a Manhattan federal courtroom after jurors ruled that he had “independently” created his 2014 song. Outside, he told reporters he was “very happy” but...

Lebanon's national conservatory of music student Aline Chalvarjian, plays oud (lute) during a concert at the Al-Madina theatre in Beirut.

Lebanon crisis mutes national music conservatory

At Lebanon’s national music conservatory, pianos collect dust and classrooms sit empty, making the institution another casualty of an economic collapse that has crippled the public sector and hampered education. Toufic Kerbage, 65, watched the value of his pay packet and pension evaporate after the Lebanese economy began melting down in 2019, taking the local currency and people’s savings with it.Without family support “I would have...

PHOENIX, AZ - MAY 5: Devin Booker #1 of the Phoenix Suns drives to the basket during Game Three of the Western Conference Semi-Finals of the 2023 NBA Playoffs against the Denver Nuggets on May 5, 2023 at Footprint Center in Phoenix, Arizona. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2023 NBAE Garrett Ellwood/NBAE via Getty Images/AFP (Photo by Garrett Ellwood / NBAE / Getty Images / Getty Images via AFP)

Booker propels Suns over Nuggets; Celtics top Sixers

LOS ANGELES: Devin Booker scored 47 points and Kevin Durant added 39 as the Phoenix Suns clawed back into their NBA Western Conference semi-final series on Friday with a 121-114 victory over the Denver Nuggets. The Suns, who dropped the first two games of the best-of-seven series in Denver, held firm at home despite the injury absence of veteran point guard Chris Paul. Phoenix were up by 15 at halftime, but the Nuggets - led by a triple-double of...

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Crackdown on visa violators

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Kuwait expands ‘open door’ policy to virtual domain

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HATHRAS, India: Policemen carry a person who died in a melee during a sermon in Uttar Pradesh state on July 2, 2024. - AFP

Stampede at India religious event kills 116

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Minister of Municipal Affairs Dr Noura Al-Mashaan and Head of the Municipal Council Abdullah Al-Mahari inspect the Darwazat Abdulrazzaq project. – KUNA photos

Darwaza Abdulrazzaq project set to reopen

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