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From Lehman Brothers to Credit Suisse, 15 years of bank regulation
PARIS: From the collapse of Lehman Brothers in 2008 to this year’s fire sale of Credit Suisse, the landscape of the banking sector has changed profoundly following a wave of consolidation and tighter regulation.Tougher regulationAfter Lehman Brothers crumbled, regulators in the United States and Europe tightened the regulatory framework on banks to ensure they are better prepared to handle crises. They are now required to hold certain amounts...
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Alibaba announces surprise departure of ex-CEO Zhang
BEIJING: Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set Monday to take charge of a key subsidiary as the firm undergoes a major restructuring. Hangzhou-based Alibaba is one of China’s most prominent technology firms, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence. After years of turbulence in the...
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Korea power equipment and supplies trade delegation in Kuwait
KUWAIT: The Korea Trade-Investment Promotion Agency in Kuwait (KOTRA Kuwait) orchestrated a direct trade connection event between a Korean power equipment delegation and Kuwaiti entrepreneurs. Held at the Crowne Plaza Kuwait Hotel on September 11, 2023, this event symbolizes the enduring partnership between the two countries.Seven distinguished Korean companies, specializing in power equipment and supplies, actively participated in this trade...
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Huawei Smartwatches: Smart choice even for iOS and Android users
KUWAIT: Before getting a smartwatch for yourself or your loved ones, there are a whole bunch of things to consider. Depending on their features, looks, and prices, they vary a lot. But above all, you should think about whether or not a particular brand or model will work with your smartphone because not all smartwatches are compatible with all smartphones.The only exception to this rule, however are the Huawei smartwatches. Thanks to the...
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KFAS announces winners of Jaber Al-Ahmad Award for Young Researchers
KUWAIT: Kuwait Foundation for the Advancement of Sciences (KFAS) announced on Sunday the names of the winners of the 33rd Jaber Al-Ahmad Award for Young Researchers, which is awarded annually to Kuwaiti researchers who hold a doctoral degree worth KD 10,000.The foundation said the announcement of the names of the winners of the award came after it was approved by HH the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Chairman of the...
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US Embassy marks Patriot Day on 9/11
By Faten OmarKUWAIT: The US Embassy in Kuwait held a Patriot Day remembrance ceremony at Camp Arifjan on Monday. The ceremony was attended by several ambassadors, Kuwaiti generals and senior US Army leadership. In his opening remarks, Chargé d'Affaires James Holtsnider noted that September 11 serves as a poignant reminder of how a seemingly ordinary day can quickly turn into a day of tragedy that will never be forgotten."Despite the terrible...
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Minister praises Chinese medical team
KUWAIT: The minister of health, Dr. Ahmed Al-Awadi, has praised the outstanding efforts of the Chinese medical team and the therapeutic services it provides to patients at the Natural Medicine and Health Rehabilitation Hospital in accordance with the agreement concluded between the Kuwaiti and Chinese ministries of health.This came in a press statement by Minister Al-Awadi after receiving on Monday the ambassador of the People's Republic of China...
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Kuwait National Guard selects new students
KUWAIT: The National Guard held a public draw to select a new batch of students applying to join the National Guard as non-commissioned officers. The event was held under the patronage of Sheikh Faisal Nawaf Al-Ahmad Al-Sabah, Deputy Chief of the National Guard.The Undersecretary of the National Guard, Lieutenant General Engineer Hashem Al-Rifai, Chairman of the Admission Committee and Commander of Protection and Reinforcement, Major General...
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Kuwait Cabinet approves draft decree establishing College for Fire Services
KUWAIT: Kuwait Cabinet on Monday approved a draft decree establishing a College for Fire Services and referred it to His Highness Deputy Amir and Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah. This came during the Cabinet’s weekly meeting, chaired by Acting Prime Minister and Interior Minister Sheikh Talal Al-Khaled Al-Ahmad Al-Sabah.After the meeting, Minister of State for Cabinet Affairs Eissa Al-Kandari affirmed that the cabinet was...
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Social media platforms becoming modern-day diaries, memory albums
By Ghadeer GhloumKUWAIT: Social media platforms have revolutionized the way individuals communicate, share experiences and document memories of their lives. Due to the rise of its multiple platforms, social media has transformed into a digital modern-day diary or memory album for many people. Similar to a traditional diary, people use social media platforms to keep memories of their past, celebrate their achievements and challenges with their...
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Heritage Jewelry exhibition showcases antique items
KUWAIT: Jewelry, since ancient times, has been either used for decoration, showing one’s status, or displaying certain beliefs. In this regard, jewelry dating back to the Stone, Bronze, and Hellenistic ages is put on display at the heritage jewelry exhibition in the Avenues Mall.A number of traditional charms, metals, and gemstones were used in the manufacturing of the displayed pieces, giving them elegance and value. The exhibition is...
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Deputy FM receives envoys
KUWAIT: Deputy Foreign Minister Ambassador Sheikh Jarrah Jaber Al-Ahmad Al-Sabah on Monday received ambassador of United Kingdom and North of Ireland to Kuwait Belinda Lewis, ambassador of Australia Melissa Kelly and US Charge d'Affairs Jim Holtsnider. Matters of mutual interests were discussed during the meeting. - KUNA
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27% of expat workers domestics
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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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Fatemah Al-habib, founder of Qesati, hosting the event.
Kuwaiti athlete shares her story of perseverance en route to Olympics
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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