• Zara owner Inditex posts record profit

    ARTEIXO, Spain: Zara owner Inditex, the world’s biggest fashion retailer, promised shareholders a record dividend on Wednesday after posting its highest-ever profits last year despite a complicated global backdrop.

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  • March 31, 2024 is deadline for Gulf Bank’s Al-Danah semi-annual draw

    KUWAIT: By the end of this month, March 31, 2024, the deposit and participation in the semi-annual draw for the Al-Danah Millionaire account, qualifying for the KD 1 million prize, will be open.

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  • Argentine inflation slows for second month in a row

    BUENOS AIRES: Argentine inflation slowed for a second month in a row, statistics showed Tuesday, amid a series of belt-tightening measures under President Javier Milei, who has vowed to halt the country’s economic decline.

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  • ABK-Egypt achieves breakthrough results for the financial year 2023

    KUWAIT: Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) recently announced strong financial results for the fiscal year 2023, reporting a record increase in the Bank’s Net Profit by 67 percent, which stood at EGP 2.803 billion compared to EGP 1.682 billion in 2022.

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  • Musk visits Tesla’s sabotage-hit German factory

    GRUNHEIDE, Germany: Elon Musk travelled Wednesday to Tesla’s factory near Berlin to lend his workers “support” after the plant was forced to halt production by a suspected arson attack on nearby power lines.

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  • EU parliament adopts ‘historic’ rules on AI

    BRUSSELS: The European Parliament on Wednesday gave the final nod to far-reaching rules on artificial intelligence that the EU hopes will both harness innovation and defend against harms.

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  • Zain sponsors Fakhar Al Arab Arabian horse show

    Kuwait: Zain has sponsored Fakhar Al Arab, the exceptional show and competition for Arabian horses. The event, held early March at the Arena Kuwait, 360 Mall, celebrated the beauty of purebred Arabian horses and the talent of their breeders and owners.

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  • Britain's GDP up 0.2 pct in Jan. '24

    LONDON, March 13 (KUNA) -- The gross domestic product (GDP) rose up by 0.2 pct in January after shrinking by 0.1 pct in December of the prior year, showed official statistics showed on Wednesday.

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  • USD rises to KD 0.307

    KUWAIT, March 13 (KUNA) -- The US dollar rose vis a vis the Kuwaiti Dinar on Wednesday trading at KD 0.307 and the Euro firmed at KD 0.335 compared to Tuesday's exchange rates.

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