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Dr. Mohammad nYousef Al-Hashel
Local banks may have to raise capital: CBK
Dr. Mohammad Yousef Al-Hashel KUWAIT: Governor of the Central Bank of Kuwait Mohamed Al-Hashel said that the results of severe stress tests conducted by banks in the recent past are reassuring, with varying degrees from one bank to another. The results also suggest that the local banks may be required to increase their capital, sources told the Al-Rai newspaper.Al-Hashel added, during a meeting with banks’ CEOs, that the Central Bank will be...
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Boursa Kuwait AGM approves cash dividend of over KD 5m for 2019
KUWAIT: Boursa Kuwait Securities Company (BKSC) held its E-Annual General Assembly (AGM) meeting for the year ended 31 December 2019 on Tuesday, June 9, 2020. During the meeting, which was held virtually as part of the company’s commitment to ensuring the safety of its shareholders and in line with the preventive measures introduced by the Kuwaiti government to curb the spread of COVID-19, the Board of Directors’ (BoD) recommendation to...
Faisal M Sarkhou
CI reaffirms corporate rating for Kamco Invest
Faisal M Sarkhou KUWAIT: Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region, announced yesterday that Capital Intelligence Ratings has reaffirmed the Long- and Short-Term Corporate Ratings of Kamco Invest at ‘BBB’ and ‘A3’, respectively. Despite the impacts on the Kuwait economy from the sharp drop in oil prices and Covid-19, the Outlook on the ratings remains Stable.In its rating report,...
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Kuwait reports 630 new coronavirus cases, 4 deaths
KUWAIT: The ministry of health announced Tuesday 630 new coronavirus infections in the past 24 hours, raising the total to 33,140 cases. The ministry’s spokesperson Dr Abdullah Al-Sanad said in his daily briefing that four new deaths were also recorded in the same period, raising the toll of fatalities from the virus to 273 since the outbreak of the pandemic in the country. He said some of the cases contracted the virus due to contacts and...
BARCELONA: This handout picture made available by FC Barcelona shows (fromL) Barcelona’s Uruguayan forward Luis Suarez and Barcelona’s Argentine forward Lionel Messi attending a training session at the Ciutat Esportiva Joan Gamper in Sant Joan Despi on June 8, 2020. Lionel Messi trained again with his teammates to give Barcelona a massive boost ahead of their La Liga return against Mallorca next June 13, 2020. Messi has been suffering from tightness in his right thigh and had not trained fully since last week. — AFP
La Liga gets its wish for season return
BARCELONA: This handout picture made available by FC Barcelona shows (fromL) Barcelona’s Uruguayan forward Luis Suarez and Barcelona’s Argentine forward Lionel Messi attending a training session at the Ciutat Esportiva Joan Gamper in Sant Joan Despi on June 8, 2020. Lionel Messi trained again with his teammates to give Barcelona a massive boost ahead of their La Liga return against Mallorca next June 13, 2020. Messi has been suffering from...
Paderborn's English midfielder Anthony Evans (R) and Leipzig's German forward Timo Werner vie for the ball during the German first division Bundesliga football match RB Leipzig v SC Paderborn 07 on June 6, 2020 in Leipzig, eastern Germany. (Photo by HANNIBAL HANSCHKE / POOL / AFP) / DFL REGULATIONS PROHIBIT ANY USE OF PHOTOGRAPHS AS IMAGE SEQUENCES AND/OR QUASI-VIDEO
‘Turbo Timo’ Werner gives new-look Chelsea goal threat
Paderborn's English midfielder Anthony Evans (R) and Leipzig's German forward Timo Werner vie for the ball during the German first division Bundesliga football match RB Leipzig v SC Paderborn 07 on June 6, 2020 in Leipzig, eastern Germany. -AFP LONDON: When Timo Werner seals his imminent move from RB Leipzig to Chelsea, the German’s turbulent rise from national pariah to one of Europe’s most feared forwards will be complete.Chelsea are...
AUGUSTA: File photo shows Tiger Woods of the United States celebrates after sinking his putt on the 18th green to win during the final round of the Masters at Augusta National Golf Club on April 14, 2019 in Augusta, Georgia. — AFP
US PGA Tour season resumes with star-studded field at Charles Challenge
AUGUSTA: File photo shows Tiger Woods of the United States celebrates after sinking his putt on the 18th green to win during the final round of the Masters at Augusta National Golf Club on April 14, 2019 in Augusta, Georgia. — AFP HONG KONG: Top-level golf returns from its coronavirus shutdown Thursday as the US PGA Tour season resumes with a star-studded field at the Charles Schwab Challenge at Colonial in Fort Worth, Texas.AFP Sport looks...
COLOMBO: File photo of West Indies’ Darren Bravo plays a shot during the first one day international (ODI) cricket match between Sri Lanka and West Indies at the Sinhalese Sports Club (SSC) International Cricket Stadium in Colombo. Bravo was among three West Indies cricketers to turn down a chance to tour England to play three back-to-back Tests in July, Cricket West Indies (CWI) announced on June 3, 2020. — AFP
Windies’ arrival in England a boost for cricket
COLOMBO: File photo of West Indies’ Darren Bravo plays a shot during the first one day international (ODI) cricket match between Sri Lanka and West Indies at the Sinhalese Sports Club (SSC) International Cricket Stadium in Colombo. Bravo was among three West Indies cricketers to turn down a chance to tour England to play three back-to-back Tests in July, Cricket West Indies (CWI) announced on June 3, 2020. — AFP LONDON: International...
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Michele accused of making former Glee co-star Ware’s life a ‘living hell’
Lea Michele has been accused of making life a “living hell” for ‘Glee’ co-star Samantha Ware. Samantha joined the musical TV show - which Lea starred in - for its sixth and final season in 2015 and after Lea took to social media in support of the Black Lives Matter movement, following the death of George Floyd at the hands of the police, Samantha called her out for being hypocritical. Lea, 33, wrote: “George Floyd did not deserve...
Zain Vice-Chairman and Group CEO, Bader Al-Kharafi
Zain publishes annual sustainability report titled ‘The Road to the Future’
• Bader Al-Kharafi: “Now more than ever, the need for a fundamental systemic change is central to the region’s transformation and growth”• Zain Group included in FTSE4Good Index Series, recognizing company’s ESG standards•Report focuses on providing Meaningful Connectivity through digitalization, whereby Zain aims to unlock the opportunities of the Sustainable Development Goals (SDGs) Zain Vice-Chairman and Group CEO, Bader...
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It is us first
Two days ago I wanted to go out for a walk, but as soon as I opened the door, I almost fainted because a very strong and obnoxious odor struck my nose. I slammed the door shut and was denied my walk. I found the smell was from a trash bag left on the stairs by someone, without consideration what such an act may do to the 20 families living in the five-storey building.Many people blame the government or the municipality for leaving the streets...
ISLAMABAD: Commuters make their way along a motorway as they enter Pakistan’s capital city Islamabad. Pakistan’s Prime Minister Imran Khan announced his government would end several months of coronavirus restrictions. — AFP
Pakistan’s hospitals running out of beds as virus cases surge
ISLAMABAD: Commuters make their way along a motorway as they enter Pakistan’s capital city Islamabad. Pakistan’s Prime Minister Imran Khan announced his government would end several months of coronavirus restrictions. — AFP ISLAMABAD: Pakistan has recorded more than 100,000 cases of coronavirus, health authorities said Monday, as hospitals warned they are running out of beds to treat patients. Pakistan - and neighbors India and Afghanistan...
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Dr Anwar Al-Mudhaf
No wage cuts despite deficits
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KUWAIT: His Highness the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah presides over a Cabinet weekly meeting on Tuesday at Bayan Palace. – KUNA
Only Kuwait banner and anthem are allowed in state functions
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Some businesses and professions bow to technology, artificial intelligence
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KASGANJ, India: Sudha (center), mother of a victim who died in a stampede during a sermon in Hathras of India's Uttar Pradesh state, mourns at her residence in Kasganj on July 3, 2024. -- AFP
Terror, ‘chaos’ as India’s deadliest stampede in a decade kills 121
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OCEANPORT, US: US President Joe Biden walks with First Lady Jill Biden, as granddaughters Natalie and Finnegan walk ahead, after stepping off Marine One upon arrival at Fort Monmouth Landing Zone in Oceanport, New Jersey. -- AFP
Democrats shocked; White House fights anxiety over Biden’s future