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Kuwait Times

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Risks to global financial stability have increased, warns IMF chief

BEIJING: International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year", with global growth slowing to below 3.0 percent due the war in Ukraine, monetary tightening and "scarring" from the...

A vital pillar of US economy, regional banks soldier on

NEW YORK: When Barrett Hill, a farmer in the US state of Illinois, needs a loan for land or new equipment, a simple phone call is all that it takes. "My banker makes my life way easier," Hill told AFP, adding that he grew up with his contact at Peoples State Bank of Newton, which has eight branches in the Midwestern state.Shaken by the banking crisis and jitters among some clients, US regional and community banks are determined to remain key...

DUBAI: Jockey Yuga Kawada reacts after winning the Dubai World Cup horse racing event at the Meydan track in Dubai.- AFP

Kawada takes Tesoro to Dubai WCup win

DUBAI: Ushba Tesoro, ridden by Japanese jockey Yuga Kawada, produced a stunning finish to secure his first win outside his home country, with a commanding performance in the $12 million Dubai World Cup on Saturday. Japan, which was represented by 27 horses in the nine-race card, secured three wins. Apart from Ushba Tesoro, Equinox, the Japanese Horse of the Year, won the $6 million Dubai Sheema Classic with a blinding run, and Derma Sotogake...

5,000 expats abroad for more than six months lose iqamas

KUWAIT: The interior ministry has rejected renewal applications of residency permits of 5,000 expatriates for staying abroad for more than six months, as they submitted their renewal applications online, stating they had to remain abroad due to sickness, family situations and financial inability, among other reasons.“Other expatriates will also lose their iqamas this month for the same reason. The ministry, through the department of residency...

SANTO DOMINGO, Dominican Republic: Handout picture released by the Dominican Foreign Ministry of leaders posing for the official group picture of the XXVIII Ibero-American Summit of Heads of State and Government, in front of the National Palace in Santo Domingo, on March 25, 2023. -- AFP

Leaders sign deal on LatAm food crisis, migration at Ibero-American Summit

SANTO DOMINGO, Dominican Republic: Twenty-two countries signed a declaration at the Ibero-American Summit in the Dominican Republic on Saturday committing to fight food insecurity in Latin America, improve migration controls and negotiate more financial support for the region's struggling economies. The goal is to reach "zero hunger" across Latin America, said Andres Allamand, a former Chilean minister and the current Ibero-American secretary...

MIAMI GARDENS: Anastasia Potapova plays a backhand against Coco Gauff of the United States in their second round match at Hard Rock Stadium on March 25, 2023.- AFP

Gauff knocked out of Miami Open; Rybakina stuns Badosa

MIAMI GARDENS: American Coco Gauff was knocked out of the Miami Open on Saturday after an intense three-set battle with Anastasia Potapova while Indian Wells champion Elena Rybakina earned a hard-fought comeback win against Spain's Paula Badosa. Three-times Miami winner Victoria Azarenka fell to Poland's Magda Linette but third-seed Jessica Pegula advanced with a 6-1, 7-6 (7/0) win over fellow American Danielle Collins.Potapova showed...

NEWCASTLE: England's flanker Sadia Kabeya (center) is tackled just short of the line during the Six Nations international women's rugby union match between England and Scotland on March 25, 2023.- AFP

England thrash Scotland in women's Six Nations

NEWCASTLE: England captain Sarah Hunter bowed out of rugby feeling "overwhelmed" as the reigning women's Six Nations champions began their title defense with a 58-7 thrashing of Scotland on her Newcastle home ground. England ran in 10 tries against an outclassed Scotland, with flanker Marlie Packer, co-skipper for the day, scoring a second-half hat-trick. Saturday's match brought down the curtain on a remarkable career that saw the retiring...

PHOENIX: Giannis Antetokounmpo #34 of the Milwaukee Bucks looses the ball during the second half of the NBA game at Footprint Center in Phoenix, Arizona. – AFP

Nuggets stifle NBA-leading Bucks

LOS ANGELES: Nikola Jokic and the Denver Nuggets made a statement Saturday, downing Giannis Antetokounmpo and the Milwaukee Bucks 129-106 in a battle of NBA conference leaders. In a game touted as a potential NBA Finals preview, two-time and reigning NBA MVP Jokic scored 31 points, handed out 11 assists and pulled down six rebounds, and the Nuggets held East leaders Milwaukee to 40 second-half points with the kind of dominant defensive display...

Abdullah Sobeih, 25, a graduate of the Amman Comedy Club (ACC), performs on stage at the Al-Shams theatre in Amman.—AFP photos

It's no joke: club helps Jordanians win comedy gold

When life gave them lemons, two Jordanians launched a club to train people in the art of comedy in a country where years of economic woes have left little to laugh about. Since being founded in 2019, the Amman Comedy Club (ACC) has been training aspiring comics, offering free, three- to four-month workshops in stand-up, improv, comedy sketches and satire writing. Aided by foreign institutions such as the Konrad Adenauer Foundation, and with the...

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Algeria’s Fashion Day Dzair returns with sixth edition

Fashion Day Dzair is back again, with its sixth edition for the fashion lovers in Algeria. The event was organized by Rayan Prince and Mahdi to preserve the traditional Algerian dress and introduce it to the world. Many designers from different parts of the country participated in this ceremony.

A Sudanese woman prepares Helo Murr, a Ramadan drink made with dried corn with spices which is then dipped in water, on March 20, 2023 in a village south of Khartoum ahead of the Muslim holy fasting month of Ramadan. - AFP photos

Sudan’s specialty ‘bittersweet’ Ramadan drink

As generations of Sudanese have done before her, Wissal Abdel Ghany crouched next to a fire to prepare a traditional drink, a thirst-quenching favorite enjoyed during the fasting month of Ramadan. In Sudan, the arduously made “helo-murr”, which means “bittersweet”, is a drink synonymous with the Islamic holy month. It can be found on almost every table across the northeast African country at the end of the day’s fast. “Without it, our...

Ambassador of Kuwait to India Jasem Ibrahem Al-Najem

Kuwait calls for enhancing cooperation against terror

NEW DELHI: Kuwait has urged for wider cooperation among member states of the Shanghai Cooperation Organization (SCO) against drugs and alike scourges. The Kuwaiti stance was expressed by the Kuwaiti Ambassador to India during his participation in the international SCO conference, held in the Indian capital on March 23-24.The organization has substantially contributed to achieving peace, stability and developing member states, said Jassem Ibrahim...

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17th female minister marks significant milestone in Kuwait’s political history

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GUBA, Ethiopia: This general view shows the Grand Ethiopian Renaissance Dam (GERD) in Guba, Ethiopia.--AFP

Ethiopia says mega-dam on Blue Nile doubles electricity output

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The hidden cost of fast fashion

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Meteorologist forecasts hot, dusty weather

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Committee seeks unified procedures for joining army, MoI, NG