GENEVA: Klaus Schwab, the founder and longtime face of the World Economic Forum, will step away from executive leadership in the coming months, the organization said.

BEIJING: Chinese e-commerce giant Pinduoduo announced Wednesday its net profit for the first quarter more than tripled, as the Temu owner continues to boost its competitiveness in its home market and abroad.

BERLIN, May 22 (KUNA) -- Germany's central bank (Deutsche Bundesbank) said on Wednesday that it expects the country's economy, the largest economy in Europe, to grow gradually after witnessing a 0.2 percent growth in the first quarter of this year.

CAIRO, May 22 (KUNA) -- Director of the Arab Planning Institute Dr. Abdullah Al-Shami affirmed on Wednesday the importance of Arab financial institutes in achieving joint Arab cooperation.

CAIRO, May 22 (KUNA) -- Winning the Abdullatif Al-Hamad Development Award in the Arab World reflects the Kuwait Fund for Arab Economic Development's (KFAED) leading role in sustainable development goals (SDGs), a top KFAED executive said on Wednesday.

KUWAIT, May 22 (KUNA) -- Kuwait International Fair Company (KIF) launched on Wednesday - continues until Monday - the activities of the 21st International Gold and Jewelry Exhibition at the International Fairgrounds with the participation of 200 local and international companies.

TOKYO, May 22 (KUNA) -- Kuwait's trade surplus with Japan narrowed 4 percent from a year earlier to JPY 75.5 billion (USD 483 million) in April, down for the second consecutive month due to slow exports, government data showed Wednesday.

CAIRO, May 22 (KUNA) -- Egyptian Prime Minister Dr. Mostafa Madbouly expressed confidence in Arab governments' ability to overcome current challenges and meet the aspirations of their people through necessary economic reforms.

KUWAIT: As part of its ongoing efforts to enhance and develop its employees, Gulf Bank concluded its platinum sponsorship of the International Coaching Federation (ICF) Kuwait Chapter’s conference, held in celebration of Global Coaching Week.