FRANKFURT: Up to 90 percent of Lufthansa’s flight schedule will be cancelled Wednesday due to a walkout by ground staff, the carrier warned, the latest strike-related travel chaos to hit Germany. Some 25,000 staff will take part in the walkout over pay, which will last for around 27 hours from 4 am (0300 GMT), the union Verdi announced this week.

ZURICH: Swiss banking giant UBS said Tuesday it would hand shareholders up to $1 billion in share buybacks as it posted a smaller-than-expected quarterly loss stemming from the costs of absorbing fallen rival Credit Suisse.

CAIRO, Feb 6 (KUNA) -- The Egyptian Minister of International Cooperation (MIC), Rania Al-Mashat, on Tuesday, stated finances of the Islamic Development Bank group (ISDB) for Egyptian projects have totaled USD 21 billion.

CAIRO, Feb 6 (KUNA) -- The second meeting of the Arab Customs Cooperation Committee took place at the Arab League on Tuesday, presided by Saudi Arabia, to continue discussing the executive mechanism of the agreement.

KUWAIT, Feb 6 (KUNA) -- Commerce and Industry Minister Abdullah Al-Jouan issued a ministerial decree, Tuesday, forming a three-month committee to review the Consumer Protection Law, its associated regulations, implementation, and challenges.

MUSCAT, Feb 6 (KUNA) -- Oman's Duqm refinery, a joint venture with Kuwait, is considered to be one of the Gulf Arab Sultanate's most promising and significant investment projects, in addition to being a catalyst for an improvement in bilateral relations.

TOKYO, Feb 6 (KUNA) -- China will introduce a raft of measures to boost domestic consumption this year, state-run Xinhua News Agency reported Tuesday, such as stimulating purchases of vehicles and household appliances.

KUWAIT, Feb 6 (KUNA) -- The exchange rate of the US Dollar against the Kuwaiti Dinar stabilized at KD 0.307, while the Euro fell by 0.21 percent to KD 0.330 compared to yesterday's rates, the Central Bank of Kuwait on Tuesday.

MOSCOW: Technology giant Yandex on Monday announced long-awaited plans to split its Russian and international units in a corporate divorce worth $5.2 billion.