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Japan PM in UAE to pitch green technology ahead of COP28
DUBAI: Japanese Prime Minister Fumio Kishida arrived in the UAE on Monday to discuss cooperation on clean hydrogen, ammonia and recycled carbon fuels ahead of this year’s UN climate talks in Dubai. Kishida’s visit to the United Arab Emirates, which will host COP28 in November-December, is part of the first Gulf tour by a Japanese premier since the late Shinzo Abe in 2020. Japan relies almost entirely on imports for its crude oil, with Saudi...
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Boubyan Bank increases net profits to KD 41.3 million for H1 of 2023
KUWAIT: Boubyan Bank maintained its outstanding financial results as the bank recorded KD 41.3 million in net profits during H1 of this year at a growth rate of 25 percent compared with past year while the earnings per share amounted to 9.65 fils. Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer Adel Al-Majed stated: “Thanks to Almighty Allah, we finished H1 of this year with positive results, which are the fruit of our successful...
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Gulf Bank wins Excellence in Data Innovation Award
KUWAIT: The eighteenth 2023 Finnovex Awards Summit, Qatar, awarded Gulf Bank with The Prestigious Excellence in Data Innovation Award, in recognition of its unparalleled excellence in leveraging data to drive transformative change and create new opportunities in the banking industry. Gulf Bank has proven to be at the forefront of cutting-edge data practices, setting a remarkable example for others to follow, through initiating various data-driven...
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Pakistan facing challenges amid delay in IMF tranche
ISLAMABAD: Pakistan is currently struggling with severe economic challenges and adversity amid political instability and delay in the International Monetary Fund’s (IMF) bailout program. The National Economic Council last month approved the annual plan (2023-24), which sets the GDP growth target at 3.5 percent for the next fiscal year and inflation target at 21 percent. The target set for the next fiscal year seems quite optimistic to an...
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'Call of Duty' to remain on Playstation
Tech giants Microsoft and Sony reached a deal to keep releasing the popular "Call of Duty" video games on the Playstation game console, Microsoft announced Sunday. Microsoft, owner of the rival Xbox console, moved to acquire game studio Activision Blizzard -- which produces "Call of Duty" -- in January 2022. That move sparked fears of consolidation in the gaming industry, leading US and British regulators to hold up the finalization of the...
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Threatened Ethiopian cabaret lives to dance another day
A beloved monument to Ethiopia’s traditional cabaret culture, the historic nightclub Fendika is running on borrowed time, having just escaped demolition. Two decades earlier, Fendika was one of 17 “azmari bet” (a venue hosting performances by Ethiopia’s azmari musicians) in the Kazanchis district, a neighborhood harkening back to Addis Ababa’s jazz-fuelled era. Today, it is the only one still standing, says Melaku Belay, the 43-year-old...
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‘Mission: Impossible’ returns, topping North America box office
The seventh installment of the ‘Mission Impossible’ franchise was No. 1 at North American box offices this weekend, Sunday estimates showed, scaring off horror flick “Insidious: The Red Door” from last weekend’s top spot. Paramount’s “Mission: Impossible - Dead Reckoning Part One,” the latest in the long-running series starring Tom Cruise, brought in $52.6 million, industry watcher Exhibitor Relations reported. David A. Gross, of...
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NBK reports KD 275.3m in net profit for H1 2023
KUWAIT: National Bank of Kuwait (NBK) has released its financial results for the six-month period ended 30 June 2023.The Bank reported a net profit of KD 275.3 million ($896.7 million), recording a year-on-year growth of 15.8 percent compared to the same period in 2022, where it recorded KD 237.8 million ($774.6 million). In the three-month period ended 30 June 2023, NBK achieved a net profit of KD 141.1 million ($459.7 million), reflecting a...
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KUWAIT CHARTS ITS FUTURE
By B IzzakKUWAIT: The government on Sunday submitted to the National Assembly its four-year program in which it included 107 major projects covering all economic, social, entertainment and human resources fields to be completed till 2027. Speaker Ahmad Al-Saadoun invited MPs for a special debate on the program on Tuesday. Under the program, the government pledged to operate a number of mega projects, like Kuwait’s part of the Gulf railway...
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Heatwaves hit globe as wildfires rage
ROME: Scorching weather gripped three continents on Sunday, whipping up wildfires and threatening to topple temperature records as the dire consequences of global warming take shape. Predictions of historic heat hung over swathes of Asia, Europe and the United States. In the Vatican, 15,000 people braved sweltering temperatures to hear Pope Francis lead prayer, using parasols and fans to keep cool. But in their black robes, priests like Francois...
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More work for Lebanon craftsmen
SIDON, Lebanon: Among meandering alleyways in the historic market of Lebanon’s southern city of Sidon, cobblers and menders are doing brisk business, as an economic crisis revives demand for once-fading trades. At Ahmed Al-Bizri’s shoe repair store, nestled among old stone arches and a crowded warren of shops and stalls, workers are busy adjusting a woman’s sandals and replacing the worn-out sole of a man’s shoe. “Repairs are in high...
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PAAET to launch 5 new scientific specialties
KUWAIT: The Dean of Admission and Registration at the Public Authority for Applied Education and Training (PAAET) Dr Fawzi Al-Dukhi announced on Sunday that the authority will launch five new scientific specialties in the academic year 2023/2024 and reopen the English language specialization for the intermediate stage, after being closed in previous years. The announcement came on the sidelines of a campaign which PAAET launched on Sunday to help...
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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: 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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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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The growing role of Islamic finance in PPP projects