KUWAIT: National Bank of Kuwait - Egypt (NBK-Egypt) has announced net profits of EGP 1.28 billion (KD 11.71 million) for the first quarter of 2024, a significant increase from the EGP 652 million (KD 6.88 million) reported in the first quarter of 2023, showcasing an impressive growth rate of 96.32 percent.

NEW YORK: Wall Street swung higher Friday ahead of the long Memorial Day weekend, marking a positive end to a choppy week of trading that saw the Nasdaq set a fresh record even as concerns the US Federal Reserve could keep interest rates higher for longer weighed on markets.

RIO DE JANEIRO, Brazil: Brazil’s state-run oil company, Petrobras, confirmed former regulator Magda Chambriard as its new chief executive Friday, 10 days after left-wing President Luiz Inacio Lula da Silva sacked her predecessor.

KUWAIT: As part of its ongoing commitment to rewarding customers and improving their shopping experience, Gulf Bank has officially launched a prepaid cashback card in partnership with LuLu Hypermarket and Mastercard.

HONG KONG: Home to some of the world’s densest living districts and tallest skyscrapers, Hong Kong has for decades mesmerized locals and visitors alike with its famed skyline.

STRESA, Italy: G7 finance ministers cited “progress” on Saturday in finding ways to use profits from frozen Russian assets to help Ukraine, envisioning a concrete proposal to present to a leaders’ summit next month.

MALE, Maldives: The Maldives on Saturday demanded international funding to battle rising sea levels, saying the low-lying Indian Ocean archipelago was being unfairly excluded from the most generous support measures.

TOKYO: The pace of Japanese inflation slowed in April as gas bills fell, government data showed Friday, raising questions about when the Bank of Japan will hike interest rates again.

PARIS: The eighth edition of the VivaTech 2024 exhibition held at Porte de Versailles in Paris; one of the most prominent international venues in the field of Artificial Intelligence applications and sustainable technology, launched on Wednesday.