WASHINGTON, March 6 (KUNA) -- US Federal Reserve Chair Jerome Powell said on Wednesday that policymakers are on track to cut interest rates sometime in 2024, but are not ready to do so until they are confident inflation is tamed.

CAIRO, March 6 (KUNA) -- The Central Bank of Egypt (CBE) raised Wednesday the overnight deposit rate, overnight lending rates, and the main operation rate by 600 basis points to reach 27.25 percent, 28.25 percent, and 27.75 percent, respectively.

By Abdullah Al-Enezi NEW YORK, March 6 (KUNA) -- Permanent Representative of Kuwait to the United Nations Ambassador Tareq Al-Banai confirmed that Kuwait Fund for Arab Economic Development (KFAED) is a key tool for the country's contribution to the development of nations and global well-being.

KUWAIT: National Bank of Kuwait-Bahrain (NBK-Bahrain) reported net profits of BHD 132.79 million (KD 108.22 million) in 2023, compared to BHD 122.14 million (KD 99.39 million) in 2022.

Kuwait: Zain held a press conference at its main headquarters in Shuwaikh to unveil the extensive program of its annual Ramadan social campaign, dubbed Zain Al Shuhoor.

TOKYO: “Caution: robot!” chirps the green self-driving delivery vehicle as it trundles down the street to a restaurant in Tokyo to pick up a meal ordered on Uber Eats.

AMMAN: Jordan Kuwait Bank (JKB) – a subsidiary of Kuwait Projects Company (Holding) – announced the election of Sheikha Dana Naser Sabah Al-Ahmad Al-Sabah as Chairperson of the Board of Directors, succeeding Nasser Lozi who chaired the board since 2021.

KUWAIT: Kuwait International Bank (KIB) held a special press conference to announce the launch of Kuwait’s first bank-led digital marketplace, the KIBPayTally App.

AMMAN: Undersecretary of Kuwait’s Ministry of Commerce and Industry, Ziad Al-Najem, said Tuesday that Jordan is a top choice for Kuwaiti investors due to its diverse investment opportunities.