KUWAIT: Egypt Kuwait Holding Company has announced the appointment of Jon Rokk as Managing Director, effective Feb 1, 2024. Rokk has extensive leadership experience spanning a 30-year career, his expertise in entrepreneurship and business development across various environments is exceptional.

KUWAIT: Burgan Bank announced on Saturday the names of the Kanz account monthly draw winners, who will each take home a KD 2,000 cash-prize.

WASHINGTON: The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move “slightly” too late, Managing Director Kristalina Georgieva said.

KUWAIT: The “TAMAKAN” Program organized a panel discussion featuring Zaid Isam Al-Sager, General Manager - Deputy Head of International Banking Group at National Bank of Kuwait.

ISTANBUL: President Recep Tayyip Erdogan on Friday picked a former senior economist at the US online retail giant Amazon as the new head of Turkey’s central bank.

CAIRO: Egypt’s economic crisis is squeezing high-street brands such as Starbucks and The Body Shop as experts ask how the Arab world’s most populous nation will repay its soaring debt. Amid a severe foreign currency crunch, the US dollar has become hard to come by as the Egyptian pound is plunging and inflation is surging at 35 percent.

SAN FRANCISCO: Founded 20 years ago as a simple hangout spot for young people, Facebook has since become a battle-hardened behemoth that — despite perceptions of being for boomers and parents — continues growing and growing.

TOKYO: China’s global dominance in electric cars helped it overtake Japan as the world’s biggest vehicle exporter last year, official data confirmed Wednesday.

KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported a record net profit of KD 584.5 million attributable to the shareholders of the bank for the year ended 2023, an increase of 63.4 percent compared to 2022.