KINMEN, Taiwan: With suitcases and packages stuffed with food, alcohol and construction materials, Taiwanese shoppers make their way towards a ferry in the Chinese city of Xiamen bound for the Taipei-administered island of Kinmen.

BEIJING: China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing’s most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.

KUWAIT: Burgan Bank announced the launch of its latest interest-bearing savings account “awal”, which was developed and tailored specifically for children up to the age of 14. Building on the great success of its predecessor, “BuBa” savings account, awal aims to encourage Burgan’s young customers to adopt the savings culture and learn to manage their spending wisely.

KUWAIT: MG Adel Alghanim Automotive has announced the launch of its all-new MG7 sedan, representing a significant expansion of the British-born brand’s carline-up. The MG7 exudes sophistication with its striking design, cutting-edge technology, and performance-driven features.

NEW YORK: The Dow scored its first-ever finish above 40,000 points Friday in a flourishing end to a week of records after a subdued session in Europe and a rally in some Asian markets.

ISTANBUL, May 18 (KUNA) -- The Turkish city of Istanbul will be hosting the "Turkish-Arab Economic forum" on June 5-6, with the participation of a large number of businessmen.

KUWAIT: Kuwait’s dissolution of parliament on May 10 and the suspension of a few constitutional articles will likely augur a new era of positive business sentiment, particularly for the OPEC producer’s stagnant upstream sector, analysts said.

KUWAIT: As part of its endeavors to increase financial awareness and inclusion among the different segments of society, National Bank of Kuwait (NBK) continues to promote the “Let’s Be Aware” campaign introduced by the Central Bank of Kuwait, in cooperation with Kuwait Banking Association (KBA).

WASHINGTON: US consumer inflation eased slightly last month, according to government data published in a positive sign for President Joe Biden ahead of November’s election.