author

desk search
close
Latest News
arrow2 Kuwait Times
No Image
China appoints new CB governor as economy flags
BEIJING: China replaced its central bank chief on Tuesday, state media said, as the world’s second-largest economy struggles to revive flagging growth. Economist Pan Gongsheng will take the place of outgoing central bank governor Yi Gang, the official Xinhua News Agency said. Yi has headed the People’s Bank of China (PBOC) since 2018 and has reached retirement age. The decision, made by Chinese legislators at a meeting on Tuesday, comes after...
No Image
Al-Ahli Bank of Kuwait reports a net profit of KD 23.9 million for 1H 2023
KUWAIT: Al-Ahli Bank of Kuwait (ABK) recently announced its financial results for the first half of the fiscal year 2023 ended 30 June 2023. ABK reported a net profit of KD 23.9 million compared to KD 18.4 million in the same period in 2022, reflecting a 30 percent increase. Earnings per share stood at 11 fils compared to 8 fils in the previous year. ABK reported an operating profit of KD 44.3 million, total assets of KD 6.3 billion, customer...
No Image
Pakistanis abandon hopes of reaching Europe after tragedies
KHUIRATTA, Pakistan: After spending weeks in Libya trying to reach Europe illegally, Muhammad Naeem Butt turned back—abandoning a journey that has already cost hundreds of Pakistani lives this summer. Shoveling sand onto a truck surrounded by Pakistan’s Kashmir valley, he says he ended his treacherous bid for a better life when an overloaded fishing trawler sank off the coast of Greece last month. Up to 350 Pakistanis were believed to be...
No Image
Thousands of Afghan parlors close as Taleban deadline bites
KABUL, Afghanistan: Thousands of beauty parlors across Afghanistan closed permanently on Tuesday following an order by Taleban authorities that cuts off one of the few revenue streams available to women, as well as a cherished space for socializing. Since seizing power in August 2021, the Taleban government has barred girls and women from high schools and universities, banned them from parks, funfairs and gyms, and ordered them to cover up in...
No Image
Norway in World Cup peril amid Hegerberg injury, player unrest
HAMILTON: Norway coach Hege Riise was left sweating on news of an injury which forced star striker Ada Hegerberg out of Tuesday's goalless Women's World Cup draw with Switzerland. Riise's problems were exacerbated due to tensions in the squad with Caroline Graham Hansen unhappy at being left out of the line-up. Winger Graham Hansen, a Champions League winner last month with Barcelona, was dropped by Riise for the game in Hamilton following...
No Image
PSG draw with Ronaldo's Al Nassr in Japan friendly
OSAKA: Paris Saint-Germain's Japan tour started with a whimper on Tuesday as they played out a 0-0 draw with Cristiano Ronaldo's Al Nassr in Osaka. Japanese fans flocked to stadiums to see Lionel Messi, Kylian Mbappe and Neymar strut their stuff in a series of friendlies for PSG last year, but none of that trio was on show this time around.Messi has departed for Major League Soccer side Inter Miami and Neymar has been out with a knee injury since...
No Image
‘Era of mass closures’: The Japan businesses without successors
YACHIMATA, Japan: Kiyoshi Hashimoto’s machinery factory outside Tokyo should be buzzing with industry. Instead, it’s so quiet you can hear him practicing the recorder. The 82-year-old entrepreneur founded his company nearly 40 years ago, but well past retirement age he has neither a successor nor a buyer for a business that retains loyal clients. It is a problem that Japan’s government warns could affect up to a third of all small...
No Image
NBK warns customers against sharing OTP
KUWAIT: NBK’s social media accounts publish awareness messages for followers about fraud schemes and protection tips. Reflecting its keenness to promote financial culture and raise awareness among the different segments of society, National Bank of Kuwait (NBK) has launched an awareness campaign for customers about the different fraud schemes and protection tips. The campaign emphasizes that the best way to maintain account confidentiality is...
No Image
Police remove Greta Thunberg from protest hours after fine
Swedish police removed climate campaigner Greta Thunberg from a protest on Monday, an AFP photographer reported, hours after a court fined her for disobeying law enforcement at a rally last month. The 20-year-old activist, who has become a key face of the movement to fight climate change, had earlier in the day appeared in court, accused of disrupting traffic and refusing to leave a June protest in port city Malmo. “It’s correct that I was at...
No Image
TikTok chef whips up real-life Los Angeles restaurant after virtual success
Tue Nguyen became a TikTok star by posting videos of herself cooking Vietnamese dishes during the pandemic. With lockdowns over, the young chef has leapt from the virtual to the real world to open her first restaurant near Los Angeles. “I think that’s always kind of been like a dream,” Nguyen, 25, told AFP recently at Di Di, her restaurant in the vibrant suburb of West Hollywood. “But... I honestly didn’t know that it would come this...
No Image
Iran’s Zoroastrians keep ancient, sacred flame burning
A Zoroastrian priest dressed in white carefully added wood to a fire that has burned for centuries inside an Iranian temple, sacred to one of the world’s oldest religions. The fragrant holy fire, kept in a large bronze goblet, “has been burning for more than 1,500 years”, said Simin, a tour guide welcoming visitors to the Zoroastrian fire temple in Iran’s central Yazd province. Zoroastrianism dates back some 3,500 years, but centuries of...
No Image
Cabinet passes election draft law to Assembly
KUWAIT: Kuwait's Cabinet on Monday agreed to pass a draft law over the formation of a national electoral commission to parliament, pending its approval by lawmakers. The draft law, scheduled to be discussed during the forthcoming session of parliament, will be in addition to other matters due to be addressed when Kuwaiti lawmakers convene for a parliament session on Tuesday.In the backdrop of a recent summit between Gulf Arab states and Central...
arrow
most read
1
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
2
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
3
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
4
US ambassador Karen Sasahara
US media roundtable: Spotlight on US-Kuwait military, economic ties
5
TRIPOLI: Libya's Central Bank headquarters in Tripoli. -- AFP
Libya central bank head flees country over ‘threats’