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UAE reaffirms commitment to OPEC+ alliance agreement

ABU DHABI: The United Arab Emirates yesterday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it would urge the oil cartel to boost output. "The UAE is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism," Energy Minister Suhail Al-Mazrouei wrote on Twitter. "The UAE believes in the value OPEC+ brings to the oil market," he added. At last week's OPEC+ meeting, the 13 members...

MOSCOW: The ruble has weakened almost 40 percent against the US dollar this year, but experts say inflation has also been driven Russia's August ban on food imports from the US and EU.n

Russian inflation strikes 6-year high

MOSCOW: Consumer price inflation in Russia, which has been accelerating for months, hit a six-year high in February, Russia's national statistics agency said Wednesday. The 9.15 percent annual inflation rate recorded last month by Rosstat was also the first time it has exceeded nine percent since January 2016.Food prices were up nearly 11.5 percent on an annual basis. The inflation rate is more than double the four percent target of the Russian...

MEDJUGORJE: Pilgrims stand near St. Jacob church, in Southern-Bosnian town of Medjugorje. Although never recognized by Rome, after alleged St. Marry apparition in the hills close to the town, 41 years ago, Medjugorje became one of worlds popular Marian pilgrimages. – AFPnn

Refugees pray for Ukraine at Bosnian pilgrimage site

Medjugorje, Bosnia and Herzegovina: Far from home, Mariana Sova could only pray for Ukraine and an end to the war from a Catholic pilgrimage site in southern Bosnia where she had found safe haven from the fighting. "I pray for my country because Russia is killing people there," said Sova, whose husband had stayed behind in Ukraine to help with the war effort. "I want this to stop."Sova fled her home in western Ukraine's Ivano-Frankivsk after...

AT SEA, Australia: A handout photo taken on February 22, 2022 and released by the Australian Defence Force yesterday shows Royal Australian Navy officer Sub Lieutenant Annabelle Wall (R) conducts duties as assistant officer of the watch on the bridge of HMAS Hobart during the 2022 fleet certification period. – AFPnn

Australia to boost defence force by nearly a third

SYDNEY: Australia will boost its defence forces by some 30 percent by 2040, Prime Minister Scott Morrison said yesterday, describing it as the country's largest military build-up in peacetime. The force would grow by 18,500 personnel to 80,000 over the 18-year period, at a cost of some Aus$38 billion (US$27 billion), the prime minister said at an army barracks in Brisbane.Morrison, who is expected to call a general election in May, told a news...

AMRITSAR, India: Aam Aadmi Party (AAP) candidate for Punjab state assembly elections, Jeevanjyot Kaur (C) along with party supporters gestures on the day of counting of the Punjab state assembly election votes in Amritsar yesterday. – AFPnn

Modi's party projected to retain power

LUCKNOW: A firebrand monk and poster boy of Hindu nationalism was set yesterday to retain power in India's most populous state, local media reported, in a triumph for Prime Minister Narendra Modi's ruling party. Projections by media based on early vote counting showed the Bharatiya Janata Party on the cusp of a comfortable if reduced majority following elections in Uttar Pradesh, home to more than 200 million people. Victory in the state with...

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Invasion of Ukraine threatens to scramble ECB's recovery plans

FRANKFURT: Russia's invasion of Ukraine and spiraling energy prices have upended the economic outlook and left European Central Bank policymakers with the task of navigating the eurozone through a fresh crisis at their meeting yesterday. The bank had been poised to take another step towards the "normalization" of its monetary policy-by ending its crisis-era asset-purchasing program and gradually bringing interest rates out of negative territory....

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What would be the impact of a US 'digital dollar'?

WASHINGTON: US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world. Before his order results in a virtual greenback, there will be numerous major impacts-and risks-to consider first.Here are some key questions:What form would a digital dollar take?It would still be a dollar issued by the US Federal Reserve central bank,...

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Huawei MateBook E: A comprehensive and upgraded mobile office

KUWAIT: The long-awaited ultra-slim 2-in-1 laptop Huawei MateBook E officially debuted on 09-03-2022it takes portability and Flexibility with its 3 screens in 1 to new levels! This new generation of Huawei MateBook E can bring a more intelligent and efficient experience for anybody looking to stay productive while on the go.Huawei MateBook EWe are living in a world in which physical barriers are disappearing, and people no longer have to remain...

MADRID: Paris Saint-Germain's Brazilian defender Marquinhos (center) heads the ball between Real Madrid's Brazilian forward Vinicius Junior (left) and Real Madrid's French forward Karim Benzema during the UEFA Champions League round of 16 second league football match between Real Madrid CF and Paris Saint-Germain on March 9, 2022. - AFPn

Benzema's hat-trick lifts Real

MADRID: Real Madrid pulled off one of the great Champions League comebacks on Wednesday as Karim Benzema scored a breathtaking hat-trick to upstage Kylian Mbappe and dump Paris Saint-Germain out in the last 16. Madrid were set to be the latest victims of another Mbappe masterclass at the Santiago Bernabeu after the 23-year-old ran them ragged for the best part of an hour and fired in to put PSG 1-0 up on the night, 2-0 ahead on aggregate.But...

MANCHESTER: Sporting Lisbon's Brazilian sriker Bruno Tabata (left) vies with Manchester City's Brazilian striker Gabriel Jesus during the UEFA Champions League round of 16 second leg football match between Manchester City and Sporting Lisbon on March 9, 2022. - AFPn

Man City cruise into Champions League quarters

MANCHESTER: Pep Guardiola said Manchester City's routine stroll into the Champions League quarter-finals is cause for celebration despite a subdued 0-0 draw against Sporting Lisbon on Wednesday. All the hard work for the English champions was done with a 5-0 win in the Portuguese capital three weeks ago as City reached the last eight for the fifth consecutive season. "It's a good sign," said Guardiola. "The last decade, step-by-step the club grew...

BANGKOK: A private jet, carrying the coffin of Australian cricket player Shane Warne, departs from Don Mueang Airport in Bangkok yesterday on its way back to Australia after the cricketer died on the Thai holiday island of Koh Samui on March 4. - AFPn

Warne's body returns home to Australia

MELBOURNE: A private jet flew the body of Australian cricket superstar Shane Warne home to his native Melbourne yesterday, six days after his death at the age of 52 provoked shock and grief around the world. Carrying the cricketing great's coffin wrapped in an Australian flag, a chartered Dassault Falcon 7X jet landed in the evening at Melbourne's Essendon North airport after an eight-hour flight from Bangkok.His family is reportedly organizing a...

Chelsea's Russian owner Roman Abramovichn

Abramovich: Chelsea's tycoon scrambling to save his empire

LONDON: Roman Abramovich rose from a penniless background in Russia's frozen north to become a multi-billionaire and a celebrity football tycoon, but his empire is teetering on collapse after Russia's invasion of Ukraine. The UK government's decision to freeze his assets cripples the activities of Chelsea Football Club, the jewel in Abramovich's crown, and delivers another crushing blow to his business realm. As speculation swirled that he was...

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This photograph taken in 1967 shows French actor Alain Delon accompanied by his wife Nathalie Delon. --AFP photos

Alain Delon: Women he loved and left

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Kuwait Integrated Petroleum Industries Company (KIPIC)

Massive fuel shortage forces electricity cuts in Kuwait

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EL KFOUR: Lebanon: People inspect the damage to a building after a Zionist airstrike in the southern town of Kfour, in the Nabatiyeh district, on August 17, 2024, amid the ongoing cross-border clashes between Zionist troops and Hezbollah fighters. – AFP

Hezbollah reveals its military muscle

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KUWAIT: His Excellency the Deputy Prime Minister and Minister of Oil Dr Imad Mohamed Al-Ateeqi (center) is greeted by Prime Minister His Highness Sheikh Ahmad Al-Abdullah Al-Hamad Al-Sabah (second right) and other officials. — KUNA

Oil minister returns to Kuwait after treatment in Turkey

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JAHRA: Part of the Al-Shagaya Concentrated Solar Power Project is seen in this photo taken from the Kuwait Institute for Scientific Research website.

KAPP shortlists companies for Dabdeba, Shagaya