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CMA Kuwait becomes a member of Global Financial Innovation Network
By Majd OthmanKUWAIT: Kuwait's Capital Markets Authority (CMA) has become a member of the Global Financial Innovation Network (GFIN), an international network that seeks to support financial innovation for the benefit of consumers, acts as a regulatory tool and focuses on emerging technology.The Network acts as a monitoring tool and focuses on emerging technology. It also aims to support financial innovation, and establish a framework for...
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Iran stock exchange suspends largest steel-maker
TEHRAN: Tehran's stock exchange has suspended Iran's largest steel-maker from trading following a parliamentary report alleging corruption to the tune of $3 billion, local media reported. Trading of the Mobarakeh Steel Company's stocks has been suspended "due to uncertainties about the transparency of information", said the Tehran bourse's chief executive Mahmoud Goudarzi, quoted by the Fars news agency. Trading in the company will not resume...
WASHINGTON: Financial markets keep hoping to hear a different tune, one indicating the pace of rate hikes will slow.
Markets looking for clarity but tuning out Fed message
WASHNGTON: US central bankers have been hammering home a single message: Interest rates will rise until inflation begins to come down. But financial markets keep hoping to hear a different tune, one indicating the pace of rate hikes will slow. All eyes will be on this week's annual gathering of policymakers in Jackson Hole, Wyoming to hear Federal Reserve Chair Jerome Powell explain his stance-again-with market watchers hoping to get something...
LUANDA, Angola: Women gather in a street in the popular neighbourhood of Viana in Luanda. Angolans will head to the polls on August 24, 2022 to vote in general elections. - AFP
Stakes are high for Angola's ruling party as it faces tight poll test
LUANDA, Angola: Millions of Angolans will vote on Wednesday in polls expected to be the most competitive since the country's first multiparty vote in 1992 but with electoral fraud a concern among voters. A youthful and largely poor electorate will decide whether to continue with the liberation movement that has ruled since independence or embrace change with the opposition led by a charismatic coalition-builder.Eight political parties are...
MOGADISHU, Somalia: Bodies of the alleged attackers are seen on the ground inside the compound of the Hayat Hotel in Mogadishu on August 21, 2022. The death toll from a devastating 30-hour siege by Al-Shabaab jihadists at a hotel in Somalia's capital Mogadishu has climbed to 21. -- AFP
Somalia PM vows accountability over siege
MOGADISHU, Somalia: Somalia's prime minister pledged that the government will be held accountable over the deadly Mogadishu hotel siege by Al-Shabaab jihadists whom he branded "children of hell". Hamza Abdi Barre also called on Somalis to unite in the fight against the Al-Qaeda-linked group which has been waging a bloody insurgency in the impoverished Horn of Africa nation for more than 15 years."There will be accountability in the government......
NAIROBI, Kenya: Kenya's Azimio La Umoja Party (One Kenya Coalition Party) presidential candidate Raila Odinga waves to supporters as he drives past Kenyan Police officers outside the Milimani High Court in Nairobi on August 22, 2022. – AFP
Kenya's Odinga mounts top court challenge to presidential poll result
NAIROBI, Kenya: Kenya's defeated presidential candidate Raila Odinga filed a petition to the country's top court on Monday challenging the result of the August 9 election that handed victory to his rival William Ruto. Odinga, a veteran opposition leader who ran with the backing of President Uhuru Kenyatta and the ruling party, has rejected the outcome of the poll, branding it a "travesty."He narrowly lost to Ruto by around 230,000 votes-less than...
KUWAIT: Cyclists ride at dawn by the seaside, as the temperature is moderate early in the morning. - Xinhua
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JEDDAH: Prince Abdulaziz Bin Turki Al-Faisal, Saudi Arabia's Sports Minister, gives an interview in the Red Sea coastal city of Jeddah.- AFP
Saudi eyes Olympics
JEDDAH: Saudi Arabia sees hosting an Olympics as its "ultimate goal" in a growing sports portfolio, its sports minister told AFP, while rejecting criticism of the kingdom over its rights record. Investing in sport is part of a multi-pronged strategy approved six years ago to diversify the oil-reliant economy, under de facto ruler Crown Prince Mohammed bin Salman, 36.Sports Minister Prince Abdulaziz bin Turki Al-Faisal spoke to AFP in the Red Sea...
This file photo taken on August 31, 1997 shows the wreckage of Princess Diana's car in the Alma tunnel of Paris.
Diana's death: Week of grief that shook UK monarchy
Twenty-five years ago on August 31, 1997, Britain's Diana, Princess of Wales, died in a high-speed car crash in Paris. For the next week leading up to her spectacular funeral, Britain was plunged into an unprecedented outpouring of popular grief that jolted the monarchy, which was seen by some as out of touch with the moment. Here is how the week unfolded:High-speed crashDivorced for the past year from heir to the throne Prince Charles,...
This file photo taken on July 29, 1981 shows European Royal Families who attended the wedding of Prince Charles (central right) and Lady Diana (central left) the Princess of Wales.— AFP photos
Royal rebel elevated to 'saint': Diana 25 years after death
From her engagement to Prince Charles as a shy teenager to her roles as doting mother, humanitarian and global celebrity, Diana's turbulent 36-year life still captivates people around the world. Young, beautiful and fun, she seemed refreshingly informal when she married the heir to the throne in 1981 aged 20, after what the media portrayed as a fairytale romance.But the acrimonious breakdown of her marriage to Charles, with salacious details...
KUWAIT: The National Assembly.
Eligible voters jump by 40% to reach 796,000
By B IzzakKUWAIT: The interior ministry published the names of all eligible voters at police stations to allow Kuwaiti citizens to ensure they are listed for the National Assembly elections. Petitions are accepted and dealt with within 24 hours, the ministry said. Based on the lists, there are 796,000 eligible voters in Kuwait, a massive 40 percent jump from the previous polls on Dec 5, 2020, when there were just 568,000 voters. The big increase...
Noha Al-Roumi
Hearing-impaired woman overcomes disability with her art and talent
By Faten OmarKUWAIT: Disability is never a barrier to creativity. Noha Al-Roumi, a deaf fashion designer, illustrator and artist, uses her talent and skills to show the world that people with disabilities can shine and be the star in their own stories. Her passion for art and fashion design as a child motivated her to embark on her art journey and inspire her followers. Kuwait Times spoke with Roumi, who in 2016 started sharing on social media...
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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