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Kuwait Times, Kuwait News host NBK summer program students
By Ghadeer GhloumKUWAIT: Kuwait Times and Kuwait News welcomed the summer program students of National Bank of Kuwait on Wednesday. Kuwait Times and Kuwait News Public Relations and CSR Manager Jana Alnaqeeb took the students on a tour around the building. During their tour, the students had an opportunity to discover the world of journalism and media, where they asked multiple questions about how journalists work and collect local and...
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Kyiv hit by ‘powerful’ missile attack
KYIV: Ukraine said Wednesday it had downed more than two dozen cruise missiles and a swarm of attack drones across the country in the “most powerful” aerial attack on Kyiv in weeks. The assault left two dead and came as Russia said an airport near the border with NATO member Estonia had been targeted by drones, while state news agencies reported military transport planes were damaged. In Kyiv, an AFP reporter heard at least three explosions...
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US GDP growth in second quarter revised down to 2.1%
WASHINGTON: Economic growth in the United States was weaker than first estimated for the April to June period, the Commerce Department said Wednesday, noting downward revisions in business investment. GDP growth in the world’s biggest economy came in at 2.1 percent for the second quarter, down from the initial estimate of 2.4 percent released in July. The updated growth figure is still slightly above the pace in the first three months of 2023,...
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Gulf Bank obtains CBK approval to increase its capital
KUWAIT: Gulf Bank has obtained the Central Bank of Kuwait’s approval to increase its issued and paid-up capital by KD 26.1 million through a public offering with rights issue of 260,869,565 new shares at a nominal value of 100 fils in addition to a share premium of 130 fils for each share. The total proceeds will result in an increase in the bank’s capital base by about KD 60 million. Jassim Mustafa BoodaiAll details and procedures related to...
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Macron meets opposition chiefs to break French political deadlock
PARIS: President Emmanuel Macron will meet leaders of all of France’s political parties Wednesday, including his most bitter opponents, outside Paris in a bid to break the deadlock of a hung parliament. Deprived of an absolute majority in the National Assembly lower house since last year’s parliamentary elections, Macron said he wanted a “frank, honest and direct discussion” aimed at “acting together” for the benefit of voters. In a...
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Few Catholics in Mongolia, but Pope’s visit eyes geopolitics
VATICAN CITY: Pope Francis heads to Mongolia this week, an unlikely choice given the isolated nation’s small Catholic community, but a strategic one due to the young democracy’s geographical position between two superpowers. In venturing to the sparsely populated, vast Buddhist-majority nation, the pope may eye Mongolia as a way to help build bridges with its neighbours China and Russia, given its strategic location and neutrality in the...
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Now or never for France as Rugby World Cup hosts
PARIS: There used to be a lazily-used cliche about France claiming "you never knew what French team would turn up" but in the build-up to this year's Rugby World Cup that remark has been consigned to the past. Since former captain Fabien Galthie took over as head coach after the tournament in Japan four years ago, one thing has been consistent with hosts Les Bleus: they win. They have tasted defeat just eight times in 39 fixtures during Galthie's...
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Alcaraz, Medvedev cruise into 2nd round as Venus bows out
NEW YORK: Carlos Alcaraz launched the defense of his US Open crown with a brisk victory after his opponent suffered an injury on Tuesday as third seed Daniil Medvedev strolled into the second round with a quick-fire win. Alcaraz, returning to the same Arthur Ashe Stadium court where he lifted his first Grand Slam as a teenager a year ago, was always in control after Germany's Dominik Koepfer rolled his left ankle badly in the opening game....
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Mali adopts new mining code to reap gold profits
BAMAKO, Mali: Mali has adopted a new mining code allowing the state to take up to 30 percent stakes in new mineral projects and collect more revenues from the vital industry. Junta leader Assimi Goita signed the code into law on Monday, his office announced on social media Tuesday. Mali, a poor Sahel country, is one of Africa’s leading gold producers.It is also boasts manganese and lithium—two minerals key to the global energy...
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Mideast drives global post-COVID rebound in tourism sector: HSBC
KUWAIT: The Middle East’s tourism sector has recorded the strongest post-pandemic rebound in the world, despite persistent global economic headwinds, reports HSBC. The region, home to the biggest Arab economy Saudi Arabia and the global leisure and commercial hub of the UAE, is unique in recording a “total recovery” in terms of tourist arrivals in the first quarter of 2023, the bank said in its new ‘Jet, set, go!’ research report. The...
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Business in China could become ‘too risky’ for US firms: Raimondo
SHANGHAI: Business in China could become “too risky” for US firms without changes to the regulatory environment, Commerce Secretary Gina Raimondo warned Wednesday as she wrapped up a visit to the world’s second-largest economy. Speaking on her fourth day in China and after several rounds of talks with officials as well as with US firms, Raimondo said she had raised “tough issues” with local counterparts. The business environment in...
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Scientists voyage to Greenland’s melting sanctuary
With rugged red mountains rising on either side, a sailboat carrying scientists deftly snakes between icebergs brimming Greenland’s Scoresby Fjord, as they rush to document this understudied region on the frontline of climate change. After the warmest July ever recorded at Summit Camp atop Greenland’s ice sheet, the expedition members sailing the country’s east coast are acutely aware of the urgency. “The risk that we have here is the...
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27% of expat workers domestics
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KUWAIT: Minister of Public Works Noura Al-Mashaan and a Chinese delegation visit the site of the Mubarak Al-Kabeer Port project on Boubyan Island on Aug 31, 2024. – KUNA
Minister, Chinese delegation visit Mubarak Port
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Fatemah Al-habib, founder of Qesati, hosting the event.
Kuwaiti athlete shares her story of perseverance en route to Olympics
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Guests and dignitaries gather at Marina Hotel to celebrate the 102nd anniversary of Turkey's Victory Day.
Kuwait-Turkey defense partnership bolsters regional peace and security
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Kuwait Times Summer Program students pose for a group photo with Kuwait Times/Kuwait News and Gulf Bank teams. - Photos by Yasser Al-Zayyat
Gulf Bank and Kuwait Times successfully conclude 3rd edition of Summer Program