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ALGIERS: French President Emmanuel Macron shakes hands with Algeria's President Abdelmadjid Tebboune prior to their bilateral meeting at the presidential palace on August 25, 2022. - AFP

Macron looks to 'future' on Algeria trip

ALGIERS: French President Emmanuel Macron arrived in Algeria on Thursday for a three-day visit aimed at mending ties with the former French colony, which this year marked its 60th anniversary of independence. The first French president to be born after Algerian independence, Macron is hoping "to lay a foundation to rebuild and develop" a sometimes difficult relationship with the North African nation, his office said.Accompanied by seven...

Abdullah Shahid

UNGA President says Kuwait 'exemplary' model for wisdom

KUWAIT: Kuwait plays as an exemplary model for wisdom, said Abdullah Shahid, President of the United Nations General Assembly on Thursday, in reference to the Arabian Gulf country's mediation efforts. "I conveyed to His Highness the Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah my gratitude for the support Kuwait has rendered to me, both as the President of the General Assembly, and as Minister of Foreign Affairs of the Maldives," he told...

Basel Al-Haroon

CBK to test first product for open banking

KUWAIT: Keen to enable new fintech and support open banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind product within the regulatory sandbox. In a press statement, CBK Governor Basel Al-Haroon said the CBK spares no effort to support advanced fintech, adding that the new open banking product that has been initially...

AMMAN: Kuwaiti and Jordanian officials are seen at the event. - KUNA

Kuwaiti cultural program at Amman int'l book fair

AMMAN: Kuwait will participate in the 21st Amman International Book Fair from September 1 with a cultural program featuring the latest products and publications. Kuwait is the guest of honor at the prestigious cultural event. Speaking to KUNA, Kuwaiti Ambassador to Jordan Aziz Al-Daihani said Kuwait's participation would include a high-level delegation headed by Minister of Information and Culture Abdulrahman Al-Mutairi, who will be partaking in...

CAIRO: Kuwait Red Crescent Society staff ready an aid convoy in preparation for sending it to the Gaza Strip. – KUNA

KRCS readies convoy of relief and medical aid for Gaza

CAIRO: An official of the Kuwait Red Crescent Society announced on Wednesday a convoy of aid, relief and medical aid is being readied to send it to the Gaza Strip, in coordination and cooperation with the Egyptian and Palestinian Red Crescent Societies. Khaled Al-Zaid, Director of Public Relations and Media at KRCS and head of its mission in Cairo, told the Kuwait News Agency (KUNA) that the aid convoy will set off in two days to the Rafah...

KUWAIT: Municipal inspectors check a basement store. – KUNA

Scores of violating basements closed, brewery busted

KUWAIT: Kuwait Municipality has closed more than 85 violating basements being commercially exploited in investment properties during its inspection campaign, which began on August 4. The head of the municipality's violations department Abdullah Jaber said in a statement to reporters on the sidelines of a tour by inspection teams in the Capital governorate on Wednesday that a violating basement that was being commercially exploited in an...

LVIV, Ukraine: An elderly man mourns during a ceremony for the fallen soldiers of Ukraine at the Lychakiv Cemetery in the western Ukrainian city of Lviv on August 24, 2022, marking six months since the start of Russia’s large-scale invasion of Ukraine.— AFP

Ukraine station strike toll climbs

KYIV: The death toll from an air strike on a train station in central Ukraine rose to 25 on Thursday, as the EU warned those "responsible for Russian rocket terror will be held accountable". The warning came as Russia issued a counter-claim saying it targeted soldiers and killed 200 Ukrainian servicemen in the attack Wednesday on a rail hub in Chaplyne city of the Dnipropetrovsk region. The attack struck six months to the day since Russia began...

HUMERA, Ethiopia: A damaged tank stands abandoned on a road near Humera, Ethiopia in this file photo.- AFP

Calls for restraint as fighting returns to northern Ethiopia

ADDIS ABABA: The international community appealed for restraint on Thursday after fighting resumed in northern Ethiopia between government forces and Tigray rebels, scuppering a truce and casting a shadow over hopes for peace. The situation on the ground was unclear a day after fresh fighting erupted on the border of Tigray, where the warring sides accused each other of igniting the first major clashes in five months. Rebel authorities in Tigray...

ISLAMABAD: Former Pakistani prime minister Imran Khan (center) arrives to appear before the an anti-terrorism court in Islamabad on August 25, 2022. - AFP

Former Pakistan premier Khan granted bail by anti-terror court

ISLAMABAD: Former Pakistan prime minister Imran Khan accused the government Thursday of trying to score a "technical knockout" against him, after being granted bail on charges brought under the country's anti-terrorism act. Khan's court appearance is the latest twist in months of political wrangling that began when he was ousted by a vote of no confidence in the national assembly in April.The former cricket star retains widespread support,...

Oil prices are expected to rebound to $125 in the coming months due to tight market supply, declining spare capacity and low oil inventories, according to Swiss bank UBS.

Oil prices to rebound to $125 in coming months, says UBS

LONDON: Oil prices are likely to rebound to $125 in the coming months due to tight market supply, declining spare capacity and low oil inventories, according to Swiss bank UBS. In a research note on Thursday, UBS strategists said the latest remarks by Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman about a disconnect between oil futures prices from market fundamentals and that OPEC+ has the means to deal with market challenges...

Musk lawyers seize on Twitter whistleblower revelations

SAN FRANCISCO: Elon Musk's lawyers jumped Wednesday on the revelations of a Twitter whistleblower to try to force the platform to surrender vast amounts of information for their fight to cancel the billionaire's buyout bid. The Tesla boss's team told a US judge the former Twitter security chief's allegations of major security gaps and problematic practices had bolstered their case, which has struggled for momentum in court.Musk has tried to back...

LONDON: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies.

Gas prices approach record peak on Russian supply fears

LONDON: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while global equities rose on the eve of a key speech from Federal Reserve chair Jerome Powell. Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine.Prices have...

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Lynn Whyte at Kuwait Cancer Centre, receiving chemo treatment.

Cancer care packages offer gesture of comfort, support

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KUWAIT: Rescuers work at a collapsed building in Jabriya on Aug 21, 2024. - KUNA

Minister vows legal action over Jabriya building collapse

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Kuwaiti artist Etaf Redefining music with a fusion of cultures and stories

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WARSAW: Polish President Andrzej Duda speaks with Indian Prime Minister Narendra Modi at Belweder Palace on Aug 22, 2024. - AFP

Modi urges peace ahead of historic visit to Ukraine

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Ahmadi Governor Sheikh Humoud Jaber Al-Ahmad Al-Sabah speaks during the visit. - KUNA photos

Shaddadiya project to help drive wheel of industrial development