KUWAIT, Feb 5 (KUNA) -- The exchange rate of the US dollar against the Kuwaiti Dinar stabilized at KD 0.307 on Monday, while the Euro steadied at KD 0.331, compared with Sunday's rates.

KUWAIT: LuLu Hypermarket, the undisputed retail heavyweight in the region, held its much-awaited prize distribution ceremony for the “LuLu One-Year Free Shopping Promotion” at its Al-Rai outlet on Feb 3.

KUWAIT: Kuwait International Bank (KIB) congratulated its General Internal Auditor Manal Adnan Al-Rubaian for being awarded a distinguished ranking in the list of the top “500 Most Influential Women in Islamic Business and Finance” for the year 2023, a recognition by the global institution Cambridge IFA.

KUWAIT: Gulf Bank extended a warm welcome to Alaa Youssef Adel Al-Mutairi and her father, after she secured the grand prize in the yearly draw for the Al-Danah Millionaire account.

KUWAIT: After obtaining all necessary approvals from the Central Bank of Kuwait (CBK), Burgan Bank announced the appointment of Meshari Abduljalil Shehab as General Manager of Private Banking and Wealth Management.

PARIS: The world needs to urgently start investing trillions of dollars in the green transition, the United Nations climate chief said on Friday, warning that finance was the “make-or-break” factor in the battle to curb global heating.

BEIJING: China’s economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said.

KUWAIT: Isam Al-Sager, the Vice Chairman and Group CEO of National Bank of Kuwait (NBK), said, “We have posted the highest annual profit ever in the Group’s history, continuing to deliver solid performance supported by our diversified business model, strategic investments and flexibility in the face of various economic conditions.

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialized.