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IMF, World Bank hold first meetings in Africa in 50 years
MARRAKESH, Morocco: The IMF and World Bank began talks in Morocco Monday in their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every three years. The southern Moroccan city of...
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Gulf Bank’s capital increase subscription begins Oct 29
KUWAIT: Following all regulatory approvals, Gulf Bank announced that the subscriptions period for the capital increase will start from Sunday (Oct 29, 2023) until Sunday (Nov 12, 2023). Gulf Bank has obtained the approval of the Central Bank of Kuwait and the Capital Market Authority to increase its issued and paid-up capital by KD 26.1 million through a public offering, with rights issue of 260,869,565 new ordinary shares at a nominal value of...
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Boubyan Bank safest Islamic financial institution in Kuwait: Global Finance
KUWAIT: Boubyan Bank made a new achievement by being on Global Finance’s list as the ‘Safest Islamic Financial Institution in Kuwait’, and the second GCC-wide. Moreover, the bank managed for the first time to be on the list for the ‘Safest 10 Banks in the Middle East’, which includes both Islamic and conventional banks, thus positioning itself among top players in the region in 2023.In its assessment and ranking of the safest banks,...
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KRCS launches ‘Aid Palestine’ campaign
KUWAIT: Kuwait Red Crescent Society (KRCS) launched Monday a donation campaign, “Aid Palestine,” aimed at supporting Palestinian people and providing them with the necessary relief and medical provisions. Society Chief of Board of Directors, Dr. Hilal Al-Sayer, stated to KUNA that the campaign, setting out to provide hospitals with the necessities to treat the wounded, is driven by KRCS’s national and humanitarian sense of duty to the...
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stc launches cancer awareness campaign
KUWAIT: Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced the launch of its breast cancer awareness campaign ‘Early Detection, makes the difference’ under the “we care” umbrella and in line with the internationally recognized awareness month. The campaign, comprising of different internal and external...
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Stand up for Palestine
Have you ever found yourself in a scenario where someone took something that was yours, but no one trusted your word? Well, can you imagine that happening in a country? That’s precisely what Palestine has faced since the Zionist regime’s occupation of Palestinian land. Yet, the Palestinian people experienced the world turning their backs on them and neglect. The Zionist entity has oppressed Palestine, prevented it from participating in...
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Kuwaiti citizens stress their support for Palestinians’ right to defend themselves
By Majd OthmanKUWAIT: In the past three days, the world has witnessed a significant and surprising military operation by Palestinian group Hamas against the Zionist entity occupying Palestine, one of the longest-standing occupations in recent global history. This operation, which began in Gaza and extended to the occupied Palestinian territories, has given hope to people worldwide who seek justice for both Palestinians and others who understand...
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FM, EU Special Representative discuss strategic partnership
KUWAIT: Kuwait Minister of Foreign Affairs Sheikh Salem Abdullah Al-Jaber Al-Sabah met on Monday with the EU Special Representative (EUSR) for the Gulf, Luigi Di Maio, in Oman. The meeting took place on the sidelines of the joint ministerial meeting of the GCC countries Foreign Ministers with the European Union at its 27th session, which is held today in the Omani Capital, Muscat.The Kuwait Foreign Ministry said in a statement that the meeting...
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Chloe names new designer Chemena Kamali
French luxury brand Chloe announced Monday it had appointed a new creative director, Chemena Kamali, in the latest reshuffle among the big houses. Born in Germany in 1981, Kamali was previously women’s design director at Saint Laurent and worked for Chloe early in her career. She replaces Gabriela Hearst, who held her last show for the brand at Paris Fashion Week last month, having been in charge only three years.“I have always had a deep...
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IWG, Embassy celebrate Bulgarian Cultural Day
The International Women’s Group-Kuwait and the Bulgarian Embassy held Bulgarian Cultural Day on Sunday, October 8, 2023, at the Crowne Plaza Hotel. Antonia Dimitrova, president of IWG and spouse of the ambassador of Bulgaria, welcomed and honored guests and members. The event commenced with Laila Boulos, public relations coordinator, introducing Dimitar Dimitrov, Bulgarian ambassador. The ambassador expressed his happiness at participating and...
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Taiwan singers won’t let curtain fall on Hakka opera
Dressed in a robe fringed with beaded tassels, traditional Taiwanese opera singer Jen Chieh-li applies the final touches to her heavily painted face as she prepares to take the stage. The 34-year-old is a member of Jing Sheng Opera, one of a handful of troupes in Taiwan still staging traditional dramas in the Hakka language—a dialect that is not widely spoken on the island because of its dwindling ethnic population.Taiwan’s traditional Hakka...
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A new ‘Exorcist’ takes possession of North America box office
Fifty years after the original, newly released “The Exorcist: Believer” topped the North American box office this weekend with an estimated $27.2 million in ticket sales, industry watcher Exhibitor Relations said Sunday. Analyst David A. Gross called that “a good opening for a horror sequel,” the best of any of the “Exorcist” movies, despite what he said were poor reviews and lukewarm audience scores for Blumhouse and Universal’s...
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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’