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Global outlook improves but uncertainties remain
KUWAIT: The growth outlook for most advanced economies has improved in the last few months, with chances of recession narrowing, as consumer spending has exhibited strong resilience in spite of high-interest rates and elevated inflation. Fallout from the recent banking crisis has dissipated, with no major deterioration seen in credit conditions following bank failures. The US debt-ceiling impasse has also been resolved with no significant...
Mai Al-Owaish, Chief Data Officer Gulf Bank
Gulf Bank celebrates 70 new data ambassadors
KUWAIT: As part of the bank’s successful digital transformation journey, and its keenness to develop and enhance the skills of its employees, Gulf Bank has concluded the second edition of its Data Ambassadors program – the first of its kind data and analytics program in Kuwait. The program aims to up skill, and empower, employees to use advanced data science, which was developed by Kuwaitis within the bank, and approved by world-famous data...
WASHINGTON: US Treasury Secretary Janet Yellen testifies before the House Financial Services Committee at the Rayburn House Office Building on June 13, 2023 in Washington, DC. - AFP
IMF and World Bank ‘key counterweights to China’
WASHINGTON: US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China." Speaking before the House Financial Services Committee, she sought congressional support for the United States to lend more money to such organizations, going towards helping developing countries. "Our...
LOS ANGELES: People attend the Ubisoft Forward livestream event in Los Angeles, California. The event features a look at upcoming Ubisoft games. - AFP
Ubisoft sets sights on VR, AI shakeups in future of gaming
LOS ANGELES: French videogame titan Ubisoft is eyeing artificial intelligence and virtual reality as the next big things in gaming, its chief executive said, especially ahead of the release of Apple's new mixed reality headset. Ubisoft has long been known to take chances on new gaming innovations - the company launched an early partnership with Nintendo on its 2006 sensation the Wii console. Now, ahead of next year's release of Apple's Vision Pro...
This photo taken on May 3, 2023 shows Lui Ming, the 93-year-old owner of Ming Shan Steel Bamboo Receptacles, making one of his bamboo steamers at his factory in Hong Kong. - AFP photos
‘Joys of life’: Hong Kong food traditions endure in city of flux
Bent over a low bench in his cluttered Hong Kong workshop, dark-framed glasses perched on his nose, Lui Ming deftly assembles a bamboo steamer, a utensil essential to Cantonese cooking. It’s a craft the 93-year-old has been perfecting for seven decades, and steamers like his are an indispensable part of yum cha, the Cantonese brunch involving tea and dim sum — perhaps the most prized culinary ritual in the city. The circular bamboo baskets...
A woman cooks on a griddle the traditional Venezuelan food known as arepas (stuffed cornmeal tortillas) at a food truck parked on a street of the popular neighbourhood of Santa Rosalia, located in the historic center of Caracas on May 31, 2023. - AFP photos
Venezuela’s ‘daily bread,’ humble arepa conquers the world
From the streets of Caracas to trendy eateries in New York, Paris and Tokyo, the arepa, a humble cornmeal flatbread, is riding a wave of Venezuelan emigration and feeding a craving for exotic and gluten-free food. Prepared in just minutes by forming a ball from pre-cooked corn flour and water, it’s flattened and then grilled. The arepa can be whatever you want: filled with anything from cheese and meat to beans or seafood, even greens. A...
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Demand for oil and gas expected to fall
By Nasser Almatrouk(Hughes Hall College University of Cambridge)For a lengthy period, the enduring viability of oil earnings in GCC economies has been a major worry, leading to several initiatives to diversify their economies through policies, plans, and reforms. As the globe shifts to renewable energy and aspires to achieve net zero carbon emissions by 2040, demand for oil and gas is expected to fall.Oil revenues account for more than 70% of GCC...
KUWAIT: HH the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah receives HH thenPrime Minister Sheikh Ahmad Al-Nawaf Al-Sabah at Bayan Palace on June 13, 2023. - KUNA photos
Amir renames Sheikh Ahmad as PM
By B IzzakKUWAIT: HH the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah on Tuesday met former prime ministers as part of customary consultations before appointing a prime minister to form the new Cabinet. HH Sheikh Mishal met HH Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah, HH Sheikh Sabah Al-Khaled Al-Sabah and caretaker Prime Minister HH Sheikh Ahmad Al-Nawaf Al-Sabah. He also spoke over the phone with HH Sheikh Jaber Al-Mubarak Al-Sabah,...
KARACHI: People enjoy the high tide splashing on the seafront at a beach before the onset of cyclone Biparjoy on June 13, 2023. - AFP
Scores evacuated as cyclone to hit India and Pakistan
AHMEDABAD: More than 40,000 people have been evacuated across India and Pakistan as a cyclone approaches their coast, officials said Tuesday, with gales of up to 150 km per hour predicted. The cyclone — named Biparjoy, meaning “disaster” in Bengali — is making its way across the Arabian Sea and is forecast to make landfall as a “very severe cyclonic storm”, government weather monitors warned. In Pakistan’s southeastern Sindh...
CARACAS: Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro hold a private meeting at Miraflores Presidential Palace on June 12, 2023. – AFP
Iran, Venezuela have ‘common enemies’: Raisi
CARACAS: Iranian President Ebrahim Raisi began a rare diplomatic tour of Latin America on Monday with a first stop in Caracas, where he said his country and Venezuela are “friends” with “common enemies”. Raisi’s schedule is also set to include visits to Cuba and Nicaragua, who, like Iran and Venezuela, are all the target of US sanctions. “We have common interests, common visions, and common enemies,” the president said, without...
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Shuwaikh Beach development comes into effect: Municipality
KUWAIT: The agreement to develop the Shuwaikh Beach has come into effect, Kuwait Municipality said Tuesday. The project includes developing a 1.7-kilometer-long area of the Shuwaikh Beach to create four zones. The first zone will be turned into sports fields and entertainment facilities, the second will be used as a sandy beach, the third will be turned into a covered park while the fourth will contain walking and bike lanes, Kuwait Municipality...
KUWAIT: Sheikha Fadiya Saad Al-Abdullah Al-Sabah tours the family business exhibition.
Women associations union urges support for family businesses
KUWAIT: Supporting small family businesses leads to empowering them economically and supporting national product, said Head of Kuwait Union of Kuwait Women Associations Sheikha Fadiya Saad Al-Abdullah Al-Sabah. Helping small family businesses is especially important because they reflect the role of the productive Kuwaiti woman in economic development, Sheikha Fadiya added.The remarks came at the opening of the ‘productive families’ exhibition...
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Heat, thermometer shows the temperature is hot in the sky, Summer
Meteorologist forecasts hot, dusty weather
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Minister of Public Works Dr Noura Al-Meshaan is pictured during a meeting in the presence of a number of representatives of the concerned authorities. - KUNA
New airport project to support Kuwait’s economic growth
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Watercolor painting depicting Edaida.
Kuwaiti mythical creatures that can still cast a spell
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Secretary-General of the Gulf Cooperation Council, Jassim Al-Budaiwi and President of the European Council Charles Michel. - KUNA
European Council strengthens GCC ties, seeks to prevent Middle East escalation
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The sun sets behind electricity pylons in this file photo. -- Photo by Yasser Al-Zayyat
Kuwait’s electricity crisis persists amid power cuts