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Twitter CEO Jack Dorsey to step down
Jack DorseyWASHINGTON: Twitter co-founder Jack Dorsey is expected to step down as the social media network's CEO, CNBC reported yesterday. Nasdaq suspended trading of Twitter yesterday amid news reports that Jack Dorsey would step down. Nasdaq cited "news pending" as the reason for the halt in trading.The CNBC report cites unnamed sources and Twitter did not immediately reply to a request seeking comment. Dorsey is credited with coming up with...
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European stocks, oil prices rebound from Omicron rout
LONDON: European stocks and oil prices rebounded yesterday from a pre-weekend slump that was sparked by fears over a new variant of COVID-19. Frankfurt, London and Paris equities advanced, having tumbled Friday by around four percent on worries of a major hit to the global economy. "The panic has passed for now," OANDA analyst Craig Erlam said. "There were no overly concerning developments over the weekend and so investors are testing the water...
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Kuwait fiscal deficit narrows as higher oil prices boost revenues
KUWAIT: Kuwait's budget deficit for the seven months of FY21/22 was lower than expected at KD 1.2 billion. The reduction in the deficit came on the back of higher oil revenues thanks to the surge in oil prices. With oil prices at higher than previously anticipated levels and government spending relatively restrained, the full-year deficit could shrink to below our earlier forecast of 10.5 percent of GDP. However, reforms to diversify the economy...
Majed E Al-Ajeeln
Burgan Bank announces successful completion of its capital increase
Majed E Al-AjeelKUWAIT: Burgan Bank ("Bank") announced that it has successfully completed its capital increase of KD 71.25 million, to support its business growth and further strengthen its capital levels. The rights issue was well-received, and the transaction was oversubscribed, without the need for public offering or underwriting. The bank offered 375 million shares in the rights issue which was concluded within 15 days. The capital increase...
LONDON: Chelsea's Brazilian defender Thiago Silva (bottom) lies injured after being fouled by Manchester United's English defender Aaron Wan-Bissaka resulting in a penalty during the English Premier League football match between Chelsea and Manchester United at Stamford Bridge in London yesterday. - AFPn
Chelsea rescue Man Utd draw
LONDON: Chelsea's Brazilian defender Thiago Silva (bottom) lies injured after being fouled by Manchester United's English defender Aaron Wan-Bissaka resulting in a penalty during the English Premier League football match between Chelsea and Manchester United at Stamford Bridge in London yesterday. - AFPLONDON: Chelsea midfielder Jorginho rescued a 1-1 draw against Manchester United as the Italian's penalty atoned for the blunder that allowed...
MILAN: AC Milan players react at the end of their match against Sassuolo at the San Siro stadium in Milan yesterday. - AFPn
Sassuolo gatecrash San Siro to deny Milan top spot
MILAN: AC Milan players react at the end of their match against Sassuolo at the San Siro stadium in Milan yesterday. - AFPMILAN: AC Milan missed the chance to move top of Serie A yesterday after crashing to a shock 3-1 home loss to Sassuolo. Sassuolo emerged worthy winners at the San Siro after recovering from Alessio Romagnoli's 21st-minute header through a superb Gianluca Scamacca strike, Simon Kjaer's own goal and a solo effort from Domenico...
KUWAIT: His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah chairs the Cabinet's extraordinary meeting yesterday. - KUNAn
Kuwait reiterates need to follow health precautions, maintain stable status
KUWAIT: His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah chairs the Cabinet's extraordinary meeting yesterday. - KUNAKUWAIT: The Kuwaiti Cabinet held an extraordinary meeting at Bayan Palace yesterday under the chairmanship of His Highness the Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah. Following the special session, Minister of Foreign Affairs and Minister of State for Cabinet Affairs Sheikh Dr Ahmad Nasser...
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Oil prices decline sharply due to Omicron, supply increase fears
KUWAIT: The prices of oil last Friday saw their sharpest decline in two months, the biggest since April 2020, due to the announcement of the new coronavirus variant Omicron and fears of supply increase. The prices also fell as fears over travel restrictions seemed to be looming on the horizon, which might cause a decline in economic growth as well as demand for energy. The price of Kuwaiti oil saw a drop by $4.45 to $77.80 per barrel last...
DUBAI: Crown Prince of the Emirate of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces Sheikh Mohammad bin Zayed Al Nahyan visits Kuwait's pavilion. - KUNA photosn
UAE Crown Prince visits Kuwait, Qatar pavilions
DUBAI: Crown Prince of the Emirate of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces Sheikh Mohammad bin Zayed Al Nahyan visits Kuwait's pavilion. - KUNA photosDUBAI: Crown Prince of the Emirate of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces Sheikh Mohammad bin Zayed Al Nahyan visited yesterday the Kuwaiti and Qatari pavilions participating in Expo 2020 Dubai. Sheikh Mohammed bin Zayed viewed contents of the two...
KUWAIT: A photo issued by the KFSD shows a fire tender outside a house in Sulaibiya where three people were killed in a blaze yesterday.nn
Three dead in Sulaibiya house fire
KUWAIT: A photo issued by the KFSD shows a fire tender outside a house in Sulaibiya where three people were killed in a blaze yesterday.KUWAIT: Three people were killed and one injured in a house fire in Sulaibiya yesterday. The victims, two women and two children - all bedoon - were unconscious when firefighters entered the house and evacuated them, Kuwait Fire Force said in a statement.When emergency medical technicians examined them, they...
KUWAIT: People take part in the Operation Turtle beach cleanup drive.n
Japan Embassy holds 'Operation Turtle' beach cleanup drive
KUWAIT: People take part in the Operation Turtle beach cleanup drive.By Ben GarciaKUWAIT: Under the auspices of Japan's embassy in Kuwait, the Japanese Society in Kuwait (JSK) organized the 'Operation Turtle' beach cleanup drive on Saturday at Shuwaikh Beach. Several Japanese citizens and locals participated in the event, including Sheikh Abdullah Ahmad Al-Humoud Al-Sabah, Director-General of Environment Public Authority. In his speech before...
KUWAIT: A group photo taken during the Kuwait-British Friendship Society's luncheon in honor of a group of visiting British parliamentarians.n
Kuwait-British Friendship Society hosts lunch for UK MPs
KUWAIT: A group photo taken during the Kuwait-British Friendship Society's luncheon in honor of a group of visiting British parliamentarians.KUWAIT: The Kuwait-British Friendship Society recently hosted a luncheon in honor of a group of visiting British parliamentarians. The event, which was held at the Chairman's Club, was the first function organized by the Society since the eruption of the coronavirus pandemic two years ago.Attending the...
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Kuwait Integrated Petroleum Industries Company (KIPIC)
Massive fuel shortage forces electricity cuts in Kuwait
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KUWAIT: His Excellency the Deputy Prime Minister and Minister of Oil Dr Imad Mohamed Al-Ateeqi (center) is greeted by Prime Minister His Highness Sheikh Ahmad Al-Abdullah Al-Hamad Al-Sabah (second right) and other officials. — KUNA
Oil minister returns to Kuwait after treatment in Turkey
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EL KFOUR: Lebanon: People inspect the damage to a building after a Zionist airstrike in the southern town of Kfour, in the Nabatiyeh district, on August 17, 2024, amid the ongoing cross-border clashes between Zionist troops and Hezbollah fighters. – AFP
Hezbollah reveals its military muscle
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JAHRA: Part of the Al-Shagaya Concentrated Solar Power Project is seen in this photo taken from the Kuwait Institute for Scientific Research website.
KAPP shortlists companies for Dabdeba, Shagaya
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VIENNA: Ambassador to Austria in Vienna Talal Al-Fassam is seen during his visit to the Austrian company. — KUNA
Kuwait explores renewable energy solutions in Vienna