KUWAIT: As part of its ongoing efforts to promote environmental sustainability, Gulf Bank participated in a beach cleaning campaign in collaboration with TrashTag Kuwait and Trolley, coinciding with Earth Day celebrations.

THE HAGUE: Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground.

KUWAIT: The Executive Management of National Bank of Kuwait (NBK) continued their school visits across Kuwait to monitor the implementation of the “Bankee” program, which was officially initiated in the current academic year through a partnership with the Ministry of Education, Kuwait Authority for Anti-Corruption “Nazaha,” and Creative Confidence Company.

JAKARTA: Indonesia’s central bank hiked interest rates Wednesday to their highest for seven years, an unexpected move to boost the rupiah, which continues to weaken against the dollar despite several interventions in currency markets.

KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al Marzouq announced that KFH achieved a net profit of KD 162.8 million for the first quarter of 2024 for shareholders, representing an increase of 0.5 percent compared to the same period last year, while the comparative period last year included revenues and profits from sale of investments amounted to KD 74.3 million, most of which were non-recurring and were not realized during the current period, and an increase of 32.4 percent compared to three months period ended Q4 2023.

FRANKFURT: The German government is expected to raise its latest growth forecasts on Wednesday as Europe’s crisis-hit top economy shows tentative signs it is finally turning a corner.

LONDON: London’s stock market zoomed to another record peak Wednesday, in a broad-based global rally fuelled by easing Middle East tensions, bright earnings and hopes of falling interest rates as inflation slows.

Kuwait: Zain has sponsored the Kuwait Innovation Forum, organized by The Business Year media group in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA).

KUWAIT: National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended 31 March 2024. The Bank reported a net profit of KD 146.6 million ($476.8 million), compared to KD 134.2 million ($436.6 million) for the corresponding period in 2023, improving by 9.2 percent year-on-year.