KUWAIT: In reiteration of its excellence in providing innovative banking products and services, as well as its leading strides in promoting sustainability, National Bank of Kuwait (NBK) was recognized with two awards from Euromoney, the leading international business magazine, within its 2024 Awards for Excellence.

SEOUL: South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country’s crucial semiconductor industry.

BRUSSELS: The EU on Thursday slapped a 337.5 million euro ($366 million) fine on Mondelez, the US confectioner behind major brands including Toblerone and Oreo, for forcing consumers to pay more by restricting cross-border sales.

PARIS: Europe’s artificial intelligence companies are dwarfed in wealth and cachet by US giants like OpenAI and Anthropic and their charismatic leaders.

KUWAIT: Euromoney magazine has named Gulf Bank the best in Kuwait for social responsibility

STRESA, Italy: US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on “more ambitious options” to use frozen Russian assets to help Ukraine.

BEIRUT, May 23 (KUNA) -- Poverty in Lebanon has more than tripled over the past decade reaching 44 percent of the total population, according to a new World Bank report released on Thursday.

CAIRO, May 23 (KUNA) -- The Central Bank of Egypt (CBE) on Thursday kept its overnight interest rates unchanged, maintaining overnight deposit and lending rates, and the main operation rate at 27.25 percent, 28.25 percent and 27.5 percent respectively.