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BOADILLA DEL MONTE: Spanish Santander Bank executive chairperson Ana Botin addresses a press conference to present the company's 2022 results, in Boadilla del Monte, near Madrid, on February 2, 2023. - AFP

Santander bank posts record profit, rates rise

MADRID: Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender to get a boost from higher interest rates. The bank posted an annual net profit of 9.6 billion euros ($10.6 billion), up 18 percent from 2021 and higher than forecast by analysts polled by financial data firm FactSet.The result smashed the previous record annual profit of 9.06 billion euros seen in 2007, before the...

LONDON: Activists from Greenpeace set up a mock-petrol station price board displaying the company's net profit for 2022, as they demonstrate outside the headquarters of Shell, in London. – AFP

Record Shell profit on soaring energy prices sparks outrage

LONDON: British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging oil and gas prices, sparking outrage from green groups and unions as the UK endures a cost-of-living crisis. The post-tax figure, fuelled by the invasion of Ukraine by major energy producer Russia, was more than double the amount achieved in 2021, Shell's earnings statement revealed. Revenue rocketed 45 percent to a dizzying $381...

KUWAIT: Ambassador Manelisi Genge poses for a group photo with journalists and media personnel. Ambassador thanked the media houses for their support and role in promoting South Africa. He reiterated the Embassy's commitment to enhance the relations with its stakeholders in Kuwait.

South African ambassador thanks media for support

KUWAIT: South African Ambassador to Kuwait Manelisi Genge held a dinner on Feb 1, 2023 to thank media houses for their support and role in promoting South Africa in Kuwait and reiterate the embassy's commitment to enhance relations with stakeholders in Kuwait.The event aimed to invite media to continue being an important partner for South Africa, considering their role in strengthening South Africa's relations with Kuwait. It also sought to...

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ICSK Amman bids farewell to students

KUWAIT: Bidding farewell is not easy and parting is always painful. And that too for students leaving their second home, school, a place where they have spent the most wonderful days forging strong friendship and bond is truly painful. Amantraya, the poignant blessing ceremony is an occasion filled with mixed feelings, emotions, joys of achievement and tears of separation.The Indian Community School Kuwait, Amman, bid farewell to the outgoing...

KUWAIT: Astrophotographers Abdullah Al-Harbi (left) and Mohammad Al-Obaidi follow the comet C/2022 E3 (ZTF) early on Feb 2, 2023 in the Salmi desert, some 120 km northwest of Kuwait City. The comet, visible to the naked eye, is shooting past Earth and the Sun for the first time in 50,000 years. - Photo by Yasser Al-Zayyat

Photo of the Day

MEMPHIS: US Reverend Al Sharpton delivers the eulogy during the funeral service for Tyre Nichols at Mississippi Boulevard Christian Church on Feb 1, 2023. - AFP

Tears, anger as Nichols laid to rest

MEMPHIS: Civil rights leaders, family and friends came together in a Memphis church Wednesday to bid farewell to Tyre Nichols, the 29-year-old African American whose fatal beating by police shocked the nation -- and triggered urgent calls for reform."We mourn with you, and the people of our country mourn with you," Vice President Kamala Harris told the young man's family during a rousing service punctuated by gospel music and emotional speeches....

GAZA CITY: Smoke rises above buildings in Gaza City as Zionist entity launched air strikes on the Palestinian enclave early on February 2, 2023. Zionist entity conducted air strikes on the central Gaza Strip hours after intercepting a rocket fired from the Palestinian territory. - AFP

Zionist warplanes strike Gaza following rocket fire

GAZA CITY: Zionist warplanes struck Gaza early Thursday, drawing retaliatory rocket fire from Palestinian militants, as violence flared despite US calls for "urgent steps" to restore calm. Zionist entity said the pre-dawn strikes were in response to an earlier rocket launch and targeted military training camps used by Gaza's Islamist rulers Hamas.A statement from the Zionist military said fighter jets had "struck a production site for raw...

MANILA: US Defense Secretary Lloyd Austin III (L) talks beside his Philippine counterpart Carlito Galvez Jr at a joint press conference in Camp Aguinaldo military headquarters in metro Manila. - AFP

Philippines expands US access to military bases

MANILA: The United States and the Philippines announced a deal Thursday to give US troops access to another four bases in the Southeast Asian nation, as the longtime allies seek to counter China's military rise. The agreement to expand cooperation in "strategic areas of the country" was made during a visit by US Defense Secretary Lloyd Austin.It comes as the countries seek to repair ties that were fractured in recent years. Previous Philippine...

TANGIER: Ahly's Egyptian midfielder Hussein El-Shahat celebrates scoring his team's first goal during the FIFA Club World Cup first round football match between Egypt's Al-Ahly and New Zealand's Auckland City on February 1, 2023. - AFP

Al Ahly crush Auckland City

TANGIERS: Egyptian giants Al Ahly brushed past New Zealand's Auckland City 3-0 on Wednesday in the opening round of the Club World Cup in Morocco. Hussein El Shahat hammered in a long-range drive in first-half stoppage time for Al Ahly, who added to their lead with goals from Mohamed Sherif and Percy Tau. El Shahat's strike put him in elite company as the fourth player to score at three different editions of the Club World Cup - joining Lionel...

SEVILLE: Real Betis’ Spanish midfielder Sergio Canales (center) fights for the ball with Barcelona’s French defender Jules Kounde (left) and Barcelona’s Spanish midfielder Sergio Busquets during the Spanish league football match between Real Betis and FC Barcelona on February 1, 2023. – AFP

Barcelona extend La Liga lead overwhelm Betis 2-1

SEVILLE: Raphinha and Robert Lewandowski's strikes helped Barcelona move eight points clear at the top of La Liga with a 2-1 win at Real Betis on Wednesday. The Catalans put pressure on second-placed Real Madrid, who hosted Valencia on Thursday, by scraping a narrow win from an intense clash at the Benito Villamarin.With French winger Ousmane Dembele out injured for the next few weeks, Raphinha grabbed his chance to prove himself. Dembele's...

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KIB, Suffix conclude the first phase of sporting initiative

KUWAIT: Kuwait International Bank (KIB) concluded the first phase of KIB|The STADIUM sporting initiative, crowning the winners of the GCC Masters Padel games following 5 days of continuous excitement. The first of-its-kind event, "KIB | The Stadium" is organized by Suffix Events and comes as part of KIB's dedicated patronage of Kuwait's sporting culture, which is led by the Bank's expansive social responsibility program.The first phase of "KIB |...

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Fatat and Tadhamon battle for supremacy

By Abdellatif SharaaKUWAIT: The fifth edition of Women Futsal League will be concluded with the final match to be held on Saturday (6:00 pm) - between holders Fatat and Tadhamon clubs. The match will be preceded with a match between Kuwait and Fatat Al-Oyoun to decide the third and fourth position. Kuwait Football Association Board Member Fatima Hayat supervised the preparations for the final ceremony to make sure it reflects the efforts of the...

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Kuwait-based high school students secure patent for healthcare robot

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KUWAIT: H the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah receives Qatari Minister of State for Energy Affairs and Managing Director and CEO of QatarEnergy Saad Al-Kaabi on Aug 26, 2024.

Kuwait signs 15-year Qatar gas deal

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What is behind the decline of marriage?

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KUWAIT: HH the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, in the attendance of HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, receives HH the Prime Minister Sheikh Ahmad Al-Abdullah Al-Sabah and four newly appointed ministers on Aug 26, 2024. – KUNA

Amir calls for good governance

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QUETTA: A man mourns the death of his father, who died in a separatist militant attack, at a hospital on Aug 26, 2024. - AFP

73 killed after militant attacks in Balochistan