KUWAIT: National Bank of Kuwait (NBK) is participating in the eighth edition of the Future Investment Initiative (FII 8th Edition) with a high-level delegation.

FRANKFURT: The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the euro zone is now increasingly under control and the economic outlook has worsened.

KUWAIT: The UAE’s economic outlook for 2025 is positive, supported by ongoing infrastructure development plans including to raise oil and gas production capacity, a still-buoyant real estate and construction sector and surging tourism.

BEIJING: China said Thursday it would boost credit available for unfinished housing projects to more than $500 billion as it unveiled another round of measures to shore up the sector and try to reignite the economy.

KUWAIT: Kuwait needs to streamline procedures and reduce bureaucracy to become a more attractive destination for foreign investors, according to Abdullah Al-Terkait, Chairman of the Union of Investment Companies.

GENEVA: Palestinian farmers in the occupied West Bank are facing “the most dangerous olive season ever”, UN experts said Wednesday, urging Zionist settlers and forces not to interfere with the harvest.

KUWAIT: National Bank of Kuwait (NBK) has announced its financial results for the nine-month period ended September 30, 2024.The Bank reported a net profit of KD 457.0 million ($1.5 billion), compared to KD 431.1 million ($1.4 billion) for the corresponding period in 2023, improving by 6.0 percent year-on-year.

WASHINGTON: The world’s total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment favors higher spending and slow growth amplifies borrowing needs and costs, the International Monetary Fund said on Tuesday.

NEW YORK: Bank of America’s third-quarter profit dropped as it paid more to customers to hold onto their deposits but the earnings beat estimates, propelled by stronger investment banking and trading.