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It’s fantastic: Movie boosts world’s top Barbie collection
With her whopping 18,000 Barbies, Bettina Dorfmann was already in the record books, but the release of the blockbuster about the blonde icon has thrown a spotlight on her historic collection. “As a child I always played with Barbies,” Dorfmann, 62, told AFP at her shrine to the plastic doll in the western German city of Duesseldorf. “When I got out my dolls for my daughter, she wasn’t interested because they were too old-fashioned....
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‘Barbie’ stays atop ‘hill of cash’ in North America theaters
Warner Bros’ blockbuster “Barbie” earned an estimated $93 million in North American theaters this weekend as it continued “rolling down a hill of cash,” industry watcher Exhibitor Relations reported Sunday. Taken together with Universal’s dark biopic “Oppenheimer,” which took in a mighty $46.2 million in its own second weekend out, the two films provided a much-needed “Barbenheimer” boost during a middling Hollywood...
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Kuwait Airways achieves 30% growth in H1 ‘23
KUWAIT: Kuwait Airways continues to achieve positive results in the first half of the year 2023, as compared to the first half of the year 2022, and to reach the best levels of excellence in the quality of services it provides to its valued customers, evident in the growth of the operating rates of its entire system. The company achieved 30 percent growth in revenues, reduced its debt by 39 percent, passenger traffic in Terminal 4 grew by 45...
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ABK holds first half 2023 analyst conference call
KUWAIT: Al-Ahli Bank of Kuwait (ABK) recently held its analyst conference for the first half of 2023. Attended by Shiamak Soonawalla, Group Chief Finance Officer Abdulaziz Jawad, Chief Strategy Officer and Yaqoub Almulla, Senior Manager of Investor Relations, the call involved a discussion of ABK’s first-half financial results. Hosted by EFG Hermes, an extensive presentation was conducted on the Group’s performance and financial indicators...
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Kuwait’s credit growth muted in H1
KUWAIT: Domestic credit growth remained weak in Q2 at 0.2 percent q/q, translating into a YTD increase of 0.8 percent (+3.3 percent y/y). Higher interest rates, banks’ lower price competition in terms of retail lending, and normalizing growth following a strong 2022 are some of the factors behind the weakness this year. Looking ahead, while a more favorable political backdrop and ongoing momentum in project awards may support business credit we...
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EU, Philippines agree to relaunch free trade talks
MANILA: The European Union and the Philippines will restart negotiations on a free-trade agreement as they seek to accelerate “a new era of cooperation”, European Commission President Ursula von der Leyen said Monday. Talks began in 2015 under then-Philippine president Benigno Aquino but stalled two years later under his successor Rodrigo Duterte, whose deadly drug war strained diplomatic relations with the West and sparked an international...
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Gulf Bank receives customer complaints through mobile app
KUWAIT: As part of its efforts to communicate more quickly and effectively, Gulf Bank is receiving complaints through the Mobile Application, where the complaints are received by the Complaints and Customer Protection Unit and addressed within 15 working days. This aligns with the instructions of the Central Bank of Kuwait, in an effort to enhance the protection of customers – by establishing a balanced relationship between banks and their...
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Al-Thaid Date Festival reflects UAE’s culture in preserving palm trees
Al-Thaid Date Festival is one of the most prominent annual events held in the UAE, representing an interactive platform that brings together local farmers, reflecting their agricultural heritage and culture with their interest in preserving the date palm trees, harvesting its fruits and exchanging experiences to obtain the best types of dates.The festival, held in Sharjah, is an integral part of the cultural heritage of the Emirates, cultivating...
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Tuareg flock to Algerian desert oasis for ancient festival
In a riot of color, music and dance, thousands of Tuareg have flocked to the Sebeiba festival that marks the end of an ancient tribal feud and which once a year transforms an oasis town deep in the Algerian Sahara. The Tuareg are a semi-nomadic people of Berber descent who practice Islam and whose traditional desert homeland stretches across parts of Algeria, Libya, Niger, Mali and Burkina Faso.Performers showcase a traditional dance during the...
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Iraq and Kuwait seek to resolve border dispute
BAGHDAD/TEHRAN: Iraq and Kuwait will work towards reaching a definitive agreement on demarcating their borders, including a contested maritime area of the Gulf, their foreign ministers said on Sunday. The de facto land and maritime borders between the neighboring states were established by the United Nations in 1993, three years after Iraq under Saddam Hussein invaded Kuwait. While Iraqi officials have previously expressed a readiness to...
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Suicide blast kills 39 at Pakistan political gathering
PESHAWAR: At least 39 people were killed and dozens more wounded Sunday in a suicide bombing at a political gathering of a leading Islamic party in northwest Pakistan, officials said. The blast targeted the Jamiat Ulema-e-Islam-F (JUI-F) party, a government coalition partner led by an influential firebrand cleric. More than 400 party members and supporters had gathered under a canopy when the attack took place in the town of Khar, near the border...
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Panel doubles child allowance to KD 100 monthly
By B IzzakKUWAIT: The National Assembly’s financial and economic affairs committee on Sunday approved a proposal to increase social allowance for children from KD 50 to KD 100 per child every month, head of the panel said. MP Shuaib Al-Muwaizri said the allowance would apply to any number of children, scrapping the current limit of seven children. The proposal must be approved by the Assembly and then accepted by the government to become...
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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’