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NBK warns against risks and consequences of money laundering
KUWAIT: National Bank of Kuwait (NBK) pursues its support of the “Let’s Be Aware” banking awareness campaign launched by the Central Bank of Kuwait, in cooperation with Kuwait Banking Association (KBA), reflecting its commitment to raise financial culture and awareness among all segments of society and achieve financial inclusion.During this campaign, NBK intensified publishing educational and promotional content on all its social media...
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Kuwait spends $8.2 billion on military expenditure in 2022
By Nebal Snan KUWAIT: Kuwait’s military expenditure has dropped by 11 percent in 2021-22, with the country spending $8.2 billion on training and equipping forces for military operations, according to data released this week from the Stockholm International Peace Research Institute (SIPRI). Kuwait now ranks 30th in military expenditure worldwide, dropping four ranks from its spot as the 26th largest spender in 2021. Spending has however...
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Readjusting sleep patterns after Ramadan and Eid
By Faten OmarKUWAIT: Due to spiritual activities and eating habits during Ramadan, many people now have disruptions in sleep patterns, which has resulted in a shortened sleep duration, leaving people feeling tired and sluggish during the day, even after Eid. To improve and maintain a consistent sleep schedule, Coach and Nutrition Consultant Abdullah Al-Mesbah gave some advice to people with sleeping problems and how they can adjust after Ramadan....
KUWAIT: This picture taken on April 23, 2023 from Kuwait City shows a view of the conjunction of the Moon and Venus. ñ Photo by Yasser Al-Zayyat
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MIAMI: Customers shop in a Bed Bath & Beyond store on April 24, 2023 in Miami, Florida. US consumer confidence fell more than many predicted in April, fueled by a deterioration in expectations among over-55s and households with annual incomes over $50,000, according to survey data released Tuesday. —AFP
US consumer confidence falls ahead of Fed decision
WASHINGTON: US consumer confidence fell more than many predicted in April, fueled by a deterioration in expectations among over-55s and households with annual incomes over $50,000, according to survey data released Tuesday. The pessimistic results may ease some of the pressure on the Federal Reserve as it prepares to consider raising interest rates for the tenth time in a row next week in order to control rising prices.The consumer confidence...
Najla Al-Essa
Gulf Bank: ‘Mission 1200’ gains 10 million views
KUWAIT: As part of its efforts to provide the best services and benefits to customers, Gulf Bank launched its Ramadan marketing campaign “Ready? Transfer!” which continues to garner millions of views daily – attracting customers who want to benefit from the ‘Get Cash in A Flash’ offer, which includes a cash gift of up to KD 1,200.Gulf Bank’s Deputy General Manager of Consumer Banking, Najla Al-Essa, commented: “Gulf Bank has always...
BASEL: A sign of Swiss bank giant UBS bank is seen next to a sign of Credit Suisse baking in Basel, on April 4, 2023. —AFP
UBS hopes to complete Credit Suisse takeover before July
ZURICH:  UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse before the end of June, as the bank posted an underwhelming first quarter net profit of $1.0 billion. All eyes were on what shape Switzerland’s biggest bank is in as it prepares to carry out its rescue merger with its closest domestic competitor. Analysts polled by the Swiss financial newswire AWP expected UBS’s first quarter net profit to tick in...
TAIPEI: Guatemala President Aleiandro Eduardo Giammattei (C) speaks next to Taiwanese President Tsai Ing-wen during a military welcome ceremony in front of the Presidential Office in Taipei. -- AFP
Guatemala vows to stand by ‘solid’ diplomatic ally Taiwan
TAIPEI: Guatemalan President Alejandro Giammattei pledged support on Tuesday for “solid diplomatic ally” Taiwan during a visit to the self-ruled island that has been slammed by China. The Central American nation is one of the few remaining countries to recognise Taiwan, a list that has shrunk in recent years as Beijing moves to isolate Taipei on the international stage.China considers democratic Taiwan a part of its territory to be taken one...
ANKARA: Pedestrians walk past billboards showing the portrait of Turkish President Tayyip Erdogan and a slogan reading 'For Turkey's century; the right time, the right man' on a building ahead of the May 14 presidential and parliamentary elections, in Ankara. – AFP
Turkey detains 110 pro-Kurdish journalists, lawyers ahead of vote
DIYARBAKIR: Turkey on Tuesday detained at least 110 pro-Kurdish activists, journalists and lawyers in raids conducted just three weeks before a knife-edge vote that could extend President Recep Tayyip Erdogan’s two-decade rule. Police said their “counter-terror” operation was conducted simultaneously in 21 provinces, including Diyarbakir, the Kurdish minority’s unofficial capital in Turkey.State media said police held people suspected of...
MIAMI: Duncan Robinson #55 of the Miami Heat competes for a rebound against Pat Connaughton #24 and Giannis Antetokounmpo #34 of the Milwaukee Bucks during the fourth quarter in Game Four of the Eastern Conference First Round Playoffs on April 24, 2023.- AFP
Heat overwhelm Bucks as Lakers sink Grizzlies
MIAMI: Jimmy Butler conjured a dazzling 56-point performance as the Miami Heat came from behind to shove the top-seeded Milwaukee Bucks to the brink of elimination from the NBA playoffs Monday, while LeBron James led an overtime rally to give the Los Angeles Lakers a commanding series lead over the Memphis Grizzlies. In an electrifying battle at Miami’s Kaseya Center, Butler all but single-handedly led Miami to a 119-114 win that leaves the...
Nejoud Al-Yagout
Keep expats in Kuwait
As our neighbors forge ahead to become more welcoming to expatriates, Kuwait yet again seems obsessed with its population infrastructure. In the latest report, highlighted in Kuwait Times’ article headlined ‘Govt tries to remedy population structure’ (April 19, 2023), the government has “agreed on serious steps that guarantees the reduction of expatriate numbers to 30 percent, while Kuwaitis will be 70 percent of the population,...
KUWAIT: Shoppers visit Mubarakiya Souk.
High clothing prices weigh down shoppers during Eid
By Majd OthmanKUWAIT: Many years ago, malls in Kuwait used to compete with each other to attract shoppers and consumers with catchy prices, offers and sometime gifts, to buy their holiday needs such as clothes, shoes and accessories for all ages. But in the last few years, it has been noticed that prices go up immediately before the holidays at most malls and markets, especially of clothes. Offers and sales also vanish during this time, while...
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Crackdown on visa violators
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Kuwait expands ‘open door’ policy to virtual domain
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HATHRAS, India: Policemen carry a person who died in a melee during a sermon in Uttar Pradesh state on July 2, 2024. - AFP
Stampede at India religious event kills 116
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Minister of Municipal Affairs Dr Noura Al-Mashaan and Head of the Municipal Council Abdullah Al-Mahari inspect the Darwazat Abdulrazzaq project. – KUNA photos
Darwaza Abdulrazzaq project set to reopen
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Interior cracks down on residency violators