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NIC holds analysts conference for Q1 2022 financial results
Al-Muthana Al-MaktoumKUWAIT: National Investments Company held its Analysts Conference for the first quarter of 2022, on Wednesday, May 18th, which was attended by Girish Nair, NIC's Chief Financial Officer, Bashar Khan, Senior Vice President - Investment Banking Sector, Al-Muthana Al-Maktoum, Executive Vice President - Wealth Management Sector, who presented a brief about the company and shed light on the positive financial results achieved in...
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Saudi prince to sell 16.87% of firm to sovereign fund
RIYADH: A Saudi billionaire is to sell a 16.87-percent stake of his company to a sovereign wealth fund run by the kingdom's crown prince, a statement said Sunday. The sale by Prince Al-Waleed bin Talal of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion, according to a regulatory filing published by the Saudi stock exchange, or Tadawul.The company owns the famed George V hotel in Paris and has a...
KHANNA, India: Workers carry sacks of wheat to load on a freight train at Chawa Pail railway station in Khanna, Punjab state. – AFP
Bitter harvest for Indian wheat farmers after govt bans export
KHANNA, India: When New Delhi banned wheat exports as prices soared over Russia's invasion of Ukraine it provoked consternation abroad and drove the cereal even higher. Now Indian farmers and traders are fuming they have been denied a windfall as domestic prices have plummeted.India is the world's second-biggest wheat producer, but the government-itself the country's biggest buyer of the crop-said it chose to protect food security for its mammoth...
CHELSEA: Shelves are pictured empty in Chelsea, Massachusetts on May 20, 2022. - AFP
Abbott CEO apologizes to US families for baby formula crisis
WASHINGTON: The head of baby formula manufacturer Abbott apologized Saturday to US families affected by the shortage of the essential supply. "We're sorry to every family we've let down since our voluntary recall exacerbated our nation's baby formula shortage," Abbott CEO Robert Ford wrote in an op-ed in The Washington Post.Initially caused by supply chain blockages and a lack of production workers due to the pandemic, the shortage was...
Chef Ali’s pizzeria 786 Degrees has won rave reviews in the US.n
Top US pizzaiolo eyeing Kuwait as his next culinary destination
By Shakir ReshamwalaAfter wowing America with his unique pizzas, a Kuwait-born pizzaiolo is back to explore opportunities in a place he still has fond memories of. Ali Haider is an award-winning chef who runs two halal restaurants in California. 786 Degrees has been named as the best restaurant in California by USA Today, with delectable creations like Bombay Tikka Masala, Istanbul and Bulgogi Gangnam Style winning rave reviews. That’s not to...
(From left) Romanian cinematographer Tudor Panduru, editor Mircea Olteanu, actress Orsolya Moldovan, Romanian actor Marin Grigore, Romanian film director Cristian Mungiu, Romanian actress Judith State, Romanian actress Macrina Barladeanu, production designer Simona Paduretu and producer Tudor Reu attend a press conference for the film “R.M.N” during the 75th edition of the Cannes Film Festival in Cannes, southern France.—AFP photos
Cannes favorite returns to show horror of 'human animals'
One of eastern Europe's most acclaimed film-makers, Romania's Cristian Mungiu, is back at the Cannes Film Festival with a dark tale about how little it takes for people to turn on their neighbors. His wrenching Ceausescu-era drama about illegal abortion "4 Months, 3 Weeks and 2 Days" clinched the top prize at the world's top cinema showcase in 2007. Mungiu also won best screenplay for 2012's "Beyond the Hills" and best director for "Graduation"...
Imagineer Costumier Ella Clarke sorts props in the company's workshop in Coventry, central England. — AFP photos
Queen's pet passions to take centre stage in Jubilee parade
Corgi dogs, horses and swans are all being put through their paces in a historic warehouse in Coventry ahead of their starring roles in a parade to mark Queen Elizabeth II's 70-year reign. One of the procession's tableaux, entitled "The Queen's Favorites", has been commissioned from Imagineer, an outdoor events company based in the English West Midlands city.Director Jane Hytch said the royal commission came as a "total surprise", but that the...
Jose Charo, head of the Beirut office of the Swiss-based company Passport Legacy, specialised in the industry of residency and citizenship by investment programs, shows the website of his company during an interview with AFP at his office in the Lebanese capital on April 12, 2022. - Charo said Lebanese now accounted for one-quarter of the company's clientele. The Lebanese passport, is ranked among the worst in the world according to the Henley passport index on freedom of travel and has become nearly impossible to renew because the cash-strapped state is running out of stocks. (Photo by ANWAR AMRO / AFP)
Rich Lebanese buy 'island passports' as crisis bites
BEIRUT: Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese executive Jad splurged around $135,000 on a new citizenship for himself and his wife. Within a month of making the payment last year, the 43-year-old businessman received a small package in his mailbox. Inside were two navy blue passports from the Caribbean island nation of Saint Kitts and Nevis -- his ticket to...
CAIRO: Kuwaiti National Assembly Speaker Marzouq Al-Ghanem attends the inaugural session of the 33rd conference of the Arab Inter-Parliamentary Union on Saturday. - KUNA
Speaker slams 'surrenderers', urges support for Palestinians
CAIRO: Kuwaiti National Assembly Speaker Marzouq Al-Ghanem on Saturday called for supporting moderate Palestinian forces in the face of recurring Zionist attacks and breaches, slamming those whom he branded as "surrender dealers". Ghanem, addressing the inaugural session of the 33rd conference of the Arab Inter-Parliamentary Union, affirmed the necessity of holding the session on Palestine regardless of demoralizing rhetoric by some parties, whom...
Australian opposition leader Anthony Albanese gestures as he addresses Labour supporters after winning the 2022 general election at the Federal Labour Reception in Sydney on May 21, 2022. (Photo by Wendell TEODORO / AFP)
Australia voters end decade of conservative rule
SYDNEY: Australia's conservative Prime Minister Scott Morrison conceded election defeat Saturday, hours after voters issued a stinging rebuke of his party's inaction on climate change. Morrison acknowledged a "difficult" and "humbling" day for his Liberal party, which has governed Australia for the last decade. "Tonight I have spoken to the leader of the opposition and the incoming prime minister, Anthony Albanese, and I have congratulated him on...
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Sandstorms pose serious risk to human health
PARIS: Sandstorms have engulfed the Middle East in recent days, in a phenomenon experts warn could proliferate because of climate change, putting human health at grave risk. At least 4,000 people went to hospital Monday for respiratory issues in Iraq where eight sandstorms have blanketed the country since mid-April. That was on top of the more than 5,000 treated in Iraqi hospitals for similar respiratory ailments earlier this month.The phenomenon...
VARANASI: Policemen stand guard near the Gyanvapi Mosque during Friday noon prayer on May 20, 2022. - AFP
Radicals target Muslim sites in India, even Taj
NEW DELHI: Thirty years after mobs demolished a historic mosque in Ayodhya, triggering a wave of sectarian bloodshed that saw thousands killed, fundamentalist Indian Hindu groups are eyeing other Muslim sites - even the world-famous Taj Mahal. Emboldened under Hindu nationalist Prime Minister Narendra Modi, aided by courts and fueled by social media, the fringe groups believe the sites were built on top of Hindu temples, which they consider...
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Schools reopening amid extreme heat sparks concerns
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Lawyer Athra Alrefai
Between two worlds: The impact of Kuwait’s nationality law
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Kuwait advances fiscal reforms
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GAZA: Friends and relatives mourn over the body of photojournalist Ibrahim Muhareb, who was killed as he was covering the advance of Zionist forces north of Khan Yunis in the southern Gaza Strip the previous day, at Al-Nasser Hospital on Aug 19, 2024. - AFP
Palestinian fighters claim Tel Aviv bombing, threaten more attacks
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KUWAIT: Inmates line up at the new deportation center in Sulaibiya.
New deportation center opens