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IMF: Energy transition at risk from commodity market fragmentation
WASHINGTON: Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday. The fractures have led to a doubling in new trade restrictions on commodities since 2021, with low-income countries bearing the brunt of the costs, the IMF announced Tuesday.“To achieve...
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Indian economy robust despite global headwinds: World Bank
NEW DELHI: India will stay one of the world’s fastest-growing economies thanks to strong domestic demand and investment helping it weather inflation and challenging global conditions, the World Bank said Tuesday. Like other countries, India has been buffeted by global headwinds including tightening financial conditions and the effects of the war in Ukraine on global food and oil markets. Its economy nonetheless grew 7.2 percent in the last...
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NBK, PT Kilang Pertamina Internasional sign strategic MoU at ADIPEC 2023
KUWAIT: National Bank of Kuwait (NBK), the leading regional bank with presence spanning numerous leading financial center around the word, and PT Kilang Pertamina Internasional (KPI), the refinery arm of PT Pertamina (Persero), Indonesia’s state energy firm and a Fortune Global 500 company, have announced a significant milestone in their collaboration by signing a non-binding Memorandum Of Understanding (MoU) for bilateral and syndicated bank...
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Kuwait pavilion depicts oases at Qatar’s EXPO
DOHA: The Kuwaiti pavilion at the International Horticultural Exhibition EXPO 2023 sheds light on the national efforts to attain sustainable development, the acting director general of the Kuwait Environment Public Authority, Samira Al-Kandari, said on Tuesday. In a statement to KUNA, Al-Kandari said the Kuwaiti section is situated within the exhibition international zone at Bidda's park, indicating some of its basic themes are derived from the...
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386th Air Expeditionary Wing showcases base’s capabilities
By Faten OmarKUWAIT: The 386th Air Expeditionary Wing hosted a Media Day at Ali Al-Salem Air Base to showcase the base’s capabilities and highlight the strong partnership between the US Air Force, Kuwait, and their coalition partners. The event provided an opportunity for the media to witness firsthand the crucial role this air base plays in enhancing regional stability and delivering combat power. Col Abdulaziz Ali Behbehani, Search and Rescue...
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Governors and beautiful Kuwait
We would like to draw attention to decree 6 of 1962, which approved the administrative division of Kuwait. Subsequently, decree 97/1989 was issued concerning the governorate system, and later, decree 21/1992 was amended by law 18/2000. In addition, the fatwa and legislation department introduced amendments to the governors’ law in 2006, which created the position of vice-governor. The government also pursued a new law to appoint...
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Debate rages on the role of artificial intelligence
KUWAIT: The National Council for Culture, Arts, and Letters organized a debate on the role of artificial intelligence in the field of architecture and its effects on the labor market and intellectual property rights. The debate, which was held at the National Library of Kuwait on the occasion of International Architecture Day (the first Monday of October annually), witnessed discussions at five levels between two teams, the first of which...
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Pakistani biryani: A spicy recipe for delectable debate
Eying each other across a stream of traffic, rival Pakistani biryani joints vie for customers, serving a fiery medley of meat, rice and spice that unites and divides South Asian appetites. Both sell a niche version of the dish, steeped in the same vats, with matching prices and trophies commending their quality. But in Karachi, where a biryani craze boomed after the creation of Pakistan, it is the subtle differences that inspire devotion.“Our...
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Green issues dominate Paris fashion for LV, Stella McCartney
Environmental activists tried to disrupt Louis Vuitton’s event at Paris Fashion Week on Monday, while Britain’s Stella McCartney made green technologies central to her own show as climate issues increasingly dominate the industry. One of France’s biggest YouTube stars, Jeremstar, was briefly arrested after dressing like a “dismembered snake” to protest Louis Vuitton’s use of animal skins, outside the brand’s show on the...
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Youha strikes gold at Asiad
HANGZHOU: Kuwaiti athlete Yaqoub Al-Youha secured the gold medal in the 110-meter hurdles race on Monday during the 19th Asian Games in China. Youha clocked an impressive time of 13.41 seconds, sharing the win with Japan's Shunya Takayama in a photo finish. Meanwhile, the bronze medal went to China's Xu Zhuoyi.Youha's journey to the final of the 110-m hurdles was marked by outstanding performances, as he topped the qualifiers with a time of 13.69...
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Oil industry ‘central’ to climate solutions; Kuwait committed
ABU DHABI: The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis. “For too long, this industry has been viewed as part of the problem, that it’s not doing enough and in some cases even blocking progress,” said Sultan Al-Jaber, the president-designate of the COP28 talks, who is also the head of UAE state-owned...
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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’