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News
Blackstone announces plans to open Kuwait office through KDIPA
6+ hour, 24+ min ago (235+ words) Kuwait Times Blackstone announces plans to open Kuwait office through KDIPA KUWAIT: Global alternative asset manager Blackstone announced Monday plans to open an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), strengthening the company’s presence across Gulf…...
Oil prices sink as US-Iran pause fuels fresh Hormuz hopes
6+ hour, 31+ min ago (819+ words) HONG KONG: Oil prices tumbled on Monday as a pause in tit-for-tat strikes between the United States and Iran boosted hopes for a return to their ceasefire and negotiations on reopening the Strait of Hormuz. The United States held fire…...
Indonesia bank chief quits, adding uncertainty to struggling economy
8+ hour, 29+ min ago (374+ words) JAKARTA: Indonesia’s central bank governor has resigned early, the government said Monday, deepening uncertainty as the country grapples with a weakening currency and other economic woes brought on by the Middle East war. President Prabowo Subianto has accepted the resignation…...
Kuwait’s summer date harvest fills markets with fresh produce
8+ hour, 50+ min ago (88+ words) Kuwait Times Kuwait’s summer date harvest fills markets with fresh produce KUWAIT: As the intense summer heat sets in each year, palm trees lining homes, farms and roads across Kuwait become adorned with clusters of premium fresh dates, which are…...
Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages
10+ hour, 11+ min ago (580+ words) Shanghai:China’s leading memory chipmaker CXMT became the most valuable company in the mainland after soaring more than 500 percent on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector. The race to build data centres that…...
Fuel price spike rattles US airlines, squeezing profits
22+ hour, 52+ min ago (802+ words) Kuwait Times Fuel price spike rattles US airlines, squeezing profits CHICAGO: A rapid rise in jet fuel prices is forcing US airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue gains from strong travel demand....
Minister stresses strict oversight to protect shareholders’ funds
19+ hour, 40+ min ago (259+ words) Kuwait Times Minister stresses strict oversight to protect shareholders’ funds KUWAIT: Minister of Social Affairs, Family and Childhood Affairs Dr Amthal Al-Huwailah on Sunday emphasized the importance of strict oversight over cooperative societies to safeguard shareholders’ funds, stressing that financial…...
Kuwait signs Kabd wastewater plant contract with China
19+ hour, 28+ min ago (195+ words) Kuwait Times Kuwait signs Kabd wastewater plant contract with China KUWAIT: Under the patronage and in the presence of HH the Prime Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, Kuwait on Sunday witnessed the signing ceremony of the contract for the…...
Ministry, PAAET weigh workforce needs and training
19+ hour, 42+ min ago (231+ words) Kuwait Times Ministry, PAAET weigh workforce needs and training KUWAIT: Minister of Social Affairs, Family and Childhood Affairs Dr Amthal Al-Huwailah met on Sunday with Director General of the Public Authority for Applied Education and Training (PAAET) Dr Hassan Al-Fajjam…...
Samsung, SK Group seal $950bn deals as South Korea hosts AI powers
22+ hour, 50+ min ago (696+ words) Kuwait Times Samsung, SK Group seal $950bn deals as South Korea hosts AI powers SAN FRANCISCO: South Korea announced $950 billion in new AI initiatives involving Samsung Electronics, SK Group and US tech firms as global AI leaders rush to fill a…...