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Romania ambassador visits Lulu, explores opportunities
KUWAIT: The Romanian Ambassador to Kuwait, His Excellency Mugurel Loan Stanescu made a significant visit to the regional office of Lulu Hypermarket Kuwait on August 6, 2023. During his visit, His Excellency engaged in productive discussions with Mohmed Haris, Director of Lulu Hypermarket Kuwait, and other esteemed members of Lulu’s top management to explore potential business collaborations, particularly focusing on the import of Romanian...
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Lebanon minister clarifies ‘remark’
BEIRUT: Lebanese Minister of Trade and Economy Amin Salam has underline the “positive intentions” of his remarks about Kuwait, saying that his country has been appreciating Kuwait throughout history. This came in a news conference held by Salam to clarify his statement regarding rebuilding wheat silos at Beirut’s port and call for Kuwait to help his country. Salam reiterated that Lebanon is keen on the deep-rooted and historic relations...
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Niger capital on edge as deadline nears
NIAMEY, Niger: An air of defiance, mixed with unmistakable disquiet: As a regional leaders’ deadline ticks down to a threatened military intervention a week after a coup deposed Mohamed Bazoum as Niger’s president, anxiety hung thick in the air in the capital Niamey on Sunday. The capital is a stronghold for opposition to Bazoum, who has been confined to his official residence since July 26. In the dusty alleyways of Niamey’s Boukoki...
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Zain Innovation Campus hosts participants of KON Program
KUWAIT: The Zain Innovation Campus (ZINC) hosted a special session for the participants of the KON Social Entrepreneurship Program, held by the leading non-profit LOYAC in collaboration with Babson College in Boston. Zain sponsors the program as part of its long-term partnership with LOYAC, which extends for 19 years. Zain’s support to this unique educational program springs from its strong belief in the high value it presents to the local...
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GCC ‘fully committed’ to ILO labor policies, rules
MANAMA: Gulf Cooperation Council (GCC) member countries are fully committed to the policies and guidelines of the International Labor Organization (ILO), the bloc's chief Jassem Al-Bedaiwi said on Sunday. This commitment stems from the wider Gulf Arab region's rigid traditions based on holy Islamic teachings, he said on the sidelines of the opening of the new headquarters for the GCC social and labor council in the Bahraini capital. Kuwait's...
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Ukraine faces new wave of attacks
KYIV: Ukraine said on Sunday it suffered several waves of aerial attacks overnight, which Moscow said targeted military airfields, a day after a strike on a Russian tanker on the Kerch Strait. The Ukrainian air force said Sunday it shot down 30 out of the 40 cruise missiles and all Shahed drones launched by Russia. “In total, the enemy used 70 air attack weapons in several waves” in the night between Saturday and Sunday. It added that Russia...
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Philippines slams China Coast Guard for firing water cannon at its boats
MANILA: The Philippines condemned China’s Coast Guard on Sunday for firing water cannon at its vessels in the disputed South China Sea, describing it as “illegal” and “dangerous”. China said it had taken “necessary controls” against Philippines boats that had “illegally” entered its waters. Beijing claims almost all of the South China Sea, through which trillions of dollars in trade passes annually, and has ignored a 2016...
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Pakistan’s economic problems leave textile industry in tatters
LAHORE: Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors. “When you lose your job, your life comes to a close,” the 43-year-old from Lahore told AFP. “We’ve been working in factories for years... the day you get sacked, the story ends there.” Pakistan’s industrial manufacturing sector—like...
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US labor market shows mixed signs amid Fitch downgrade
KUWAIT: In the US, the latest ISM manufacturing index came in at 46.4, well below 50, indicating that the manufacturing sector is still in contraction. The figure displays the eighth month of the US manufacturing sector coming in at contraction territory, albeit at a slower pace. Meanwhile, PMI in the services sector declined to 52.7 from 53.9 previously. Although economic activity in the US services sector continues to expand, July’s reading...
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Pakistan’s population grows by 35 million to 250 million
ISLAMABAD: Pakistan’s population has ballooned to 250 million, according to the results of the latest census published Saturday, growing by 35 million in just six years. Prime Minister Shehbaz Sharif said the annual growth rate of 2.5 percent presented a “big challenge” for the cash-strapped nation. “Pakistan’s population growth rate is more than Pakistan’s economic growth,” Sharif said. The country’s first digital census was...
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Gulf Bank partners with Fexco to offer currency solutions
KUWAIT: Gulf Bank has announced a strategic partnership with Fexco International – a global leader in innovative payment and currency exchange solutions –to expand its Dynamic Currency Solutions (DCC) to over 350 merchants across Kuwait. This collaboration marks the first time that Fexco’s DCC solution will be available in the area, providing a ground-breaking platform for customers and merchants alike. Fexco’s DCC technology enables...
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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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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
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US ambassador Karen Sasahara
US media roundtable: Spotlight on US-Kuwait military, economic ties
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TRIPOLI: Libya's Central Bank headquarters in Tripoli. -- AFP
Libya central bank head flees country over ‘threats’