KUWAIT: Kuwait’s economic growth was weighed down last year by cuts to oil output and a further slowdown in consumer spending.

KUWAIT: National Bank of Kuwait (NBK) has entered into a strategic partnership with DHL, a prominent global logistics company, to use the “DHL GoGreen Plus” service, strengthening its leading position as Kuwait’s first bank to participate in this global initiative.

CANBERRA: Australia touted plans to become a “renewable energy superpower” in an annual budget Tuesday, but the government’s books also laid bare the depth of the economy’s dependence on mining and fossil fuels.

DUBAI: Kuwait’s Beyout Investment Group (BIG) Holding, which provides human resources and real estate services, said on Tuesday it plans to float a 30 percent stake on Boursa Kuwait in the first potential listing in the country in around two years.

SAN FRANCISCO: The head of Amazon’s AWS cloud computing business, Adam Selipsky, who was helping lead the company’s expansion into AI, told workers he was stepping down Tuesday.

KUWAIT: Egypt Kuwait Holding recorded revenues of $193.0 million in Q1 2024, primarily impacted by the softness in urea prices globally following the all-time peak reached in 2022, as well as the devaluation of the EGP towards the end of the quarter.

KUWAIT: Action Energy Company (AEC) has completed a capital increase by way of issuing convertible preferred shares, which is the first of its kind in Kuwait.

WASHINGTON, May 14 (KUNA) -- The White House announced Tuesday that President Joe Biden is raising tariffs on China's imports through vital strategic sectors for US economy and national security.

DOHA, May 14 (KUNA) -- Talks over a ceasefire in Gaza reached a state of "stalemate", Qatar's Prime Minister and Foreign Minister Sheikh Mohammad bin Abdulrahman said on Tuesday.