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Kuwait Times

KUWAIT: (From left), Chairman of the Board of Directors at KIF Wael Al-Ibrahim, CEO of KIF Abdul Rahman Al-Nassar and representative of BDO Al-Nisf & Partners on Wednesday.

KIF to distribute cash dividend of 50 fils per share

By Majd OthmanKUWAIT: The Ordinary General Assembly of Kuwait International Fair Company (KIF) approved the distribution of cash dividends of 50 percent of the nominal value of a share, ie, 50 fils per share, with a total value of KD 1.5 million, to its shareholders for the fiscal year ending on Dec 31, 2022.Chairman of KIF Wael Al-Ibrahim said in a speech during the general assembly meeting that was held on Wednesday with an attendance rate of...

TRIPOLI: Libyan students attend a local robotics competition in Tripoli on March 4, 2023. – AFP

In conflict-scarred Libya, young robotics fans see hope in hi-tech

TRIPOLI: Youssef Jira, a fresh-faced 18-year-old in a hoodie, has big ambitions in a Libyan society where youthful creativity has long been sacrificed to dictatorship and violence. He wants to encourage other young people to use hi-tech to help modernize the divided and conflict-scarred country.Jira, with a bandana around his head, is one of a group of young tech fanatics who took part in a robotics competition in a suburb of Tripoli this month....

KUWAIT: Sports and media personalities pose for a group photo.

Sports and media personalities meet

By Abdellatif SharaaKUWAIT: As many sports organizations in Kuwait are doing their best to return to their excellence of yesteryears, some are looking for more financial support as acknowledged by member of parliament Faisal Al-Kandary. He said that it should be done under the supervision of concerned authorities in order for Kuwait sport develop and catch up with other countries."It is not realistic to allocate minimal amounts and ask sports...

Reza Doust painting while Arshan Rahimi playing his music.

Doust and Rahimi create art during 'The Sound of Life' event

By Faten OmarDen Gallery celebrated International Women's Day by organizing a live painting and music event titled 'The Sound of Life'. "The idea of Sound of Life is to do a live painting with live music playing, where my painting is to explain this music," Iranian artist Reza Doust told Kuwait Times. He explained that on International Women's Day, he wanted to talk about young Iranian women who are fighting for their rights. "I drew an...

DAKAR: US Treasury Secretary Janet Yellen touted the fruits of a mutually beneficial economic strategy towards Africa during her visit to Senegal in January. - AFP

China, Russia bolstering presence in Africa to tap its rich resources

DOHA: China and Russia are bolstering their presence in Africa to tap its rich natural resources, analysts say, amid grave warnings from UN agencies the world's poorest countries face accumulating crippling debts. "One out of every three major infrastructure projects in Africa is built by Chinese state-owned enterprises, and one out of every five is financed by a Chinese policy bank," said Paul Nantulya of the Africa Center for Strategic Studies,...

KUWAIT: Al-Tuwaijri and Al-Mejhem with Dr Jaffar and Al-Mutairi announce the launch of Visa Oasis Club digital prepaid card.

Boubyan launches Oasis Club digital prepaid card with Kuwait Airways

KUWAIT: As a part of its efforts to offer new and special services to its customers, Boubyan Bank announced the launch of Boubyan Visa Oasis Club digital prepaid card in collaboration with Kuwait Airways, making it the first digital prepaid card of its kind in Kuwait.The Oasis-Visa Digital Prepaid Card was announced in a meeting attended by Abdullah Al-Tuwaijri, Chief Executive Officer - Consumer, Private, and Digital Banking and Abdullah...

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Gulf Bank to host 'Lead The Way' women empowerment conference on March 20

KUWAIT: The General Manager of the Human Resources Department at Gulf Bank, Salma Al-Hajjaj, affirmed the bank's keenness to empower women and support their career development, noting that women occupied 28 percent of the bank's leadership positions in 2022.Al-Hajjaj indicated in an interview that the percentage of female employees has reached 43.5 percent out of the total number of employees in the bank, and that by the end of 2021, Gulf Bank...

MANCHESTER: Leipzig's Portuguese striker Andre Silva falls to the ground after taking a shot during the UEFA Champions League round of 16 second-leg football match between Manchester City and RB Leipzig on March 14, 2023.- AFP

Man City demolish Leipzig 7-0

MANCHESTER: Erling Haaland equaled a Champions League record with a five-goal haul to ease Manchester City into the quarter-finals at RB Leipzig's expense with a 7-0 win on Tuesday. Haaland also set a new club record for goals in a season of 39 in the process as Pep Guardiola's men reached the last eight for the sixth consecutive season with an 8-1 aggregate victory."My super strength is scoring goals," said Haaland. "A lot of it is being quick...

Rosalia

Barca to wear Rosalia 'Motomami' logo on Clasico shirt

Barcelona will wear a logo from Spanish pop singer Rosalia on their shirt for this weekend's El Clasico against Real Madrid, in place of the Spotify symbol, the Catalans said on Wednesday. It is the second time this season Barcelona have changed their shirt for the Clasico, wearing Canadian rapper Drake's "OVO Owl" logo at the Santiago Bernabeu in October, with Madrid winning 3-1. As part of Barcelona's sponsorship deal agreed in 2022 with music...

In this file photo people pass by a Zara shop announcing discounts on the first day of the winter sales in Barcelona. – AFP photos

Zara owner Inditex posts record profit

Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation. Net profit reached 4.1 billion euros ($4.4 billion) last year, a 27 percent jump from 2021, said Inditex, whose eight brands include younger fashion chain Pull&Bear and upmarket label Massimo Dutti. Sales also hit a record, surging 17 percent to 32.6 billion euros. "The excellent results of...

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Odds of asteroid hitting Earth drop

PARIS: The chances have plummeted that a newly-discovered asteroid with the potential to wipe out a city will hit Earth on Valentine's Day 2046, the European Space Agency said on Tuesday. The asteroid, which is named 2023 DW and is estimated to be around the size of a 50-metre Olympic swimming pool, was first spotted by a small Chilean observatory on February 26. It swiftly shot to the top of NASA and ESA lists of asteroids that pose a danger to...

KUWAIT: Acting Defense Minister Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah meets the army leadership on March 14, 2023. - KUNA

Defense minister calls for more efforts in defending homeland

KUWAIT: First Deputy Prime Minister, Interior Minister and Acting Defense Minister Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah called on the Kuwaiti army on Tuesday to continue their diligent and devoted work in defending the country and safekeeping its security and stability. The minister's statement, which came during his meeting with the army leadership in the presence of Deputy Joint Staff Chief Major General Ghazi Al-Shammari, was conveyed in...

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