KUWAIT, Jan 4 (KUNA) -- The US dollar exchange rate against the Kuwaiti dinar was stable at KD 0.307 on Thursday, while the Euro went down 0.30 percent to KD 0.335 in comparison to the day before.

ISTANBUL: Turkey’s annual inflation rate approached 65 percent in December, reaching a new high for 2023 and putting the country on course to meet an expected peak of 70-75 percent in May.

BEIJING: China’s BYD has overtaken US electric vehicle giant Tesla as the world’s leading EV deliverer, according to recent sales figures.

KUWAIT: The assets under management (AUM) of SWFs in the Gulf region reached a historical peak of $4.1 trillion in 2023 and the transaction value, even if slightly lower than in 2022, amounted $82.3 billion, led by the so-called “Oil Five” (ADIA, Mubadala, ADQ, PIF, QIA), the annual report released by Global SWF said.

KUWAIT: Recognizing its standout innovation and growth in the digital banking landscape, Weyay, Kuwait’s first digital bank, was named the “Fastest Growing Digital Bank” in Kuwait by Mastercard.

FRANKFURT: The European Central Bank said Wednesday it would test lenders’ response to cyberattacks this year in a first of a kind stress test for banks in the eurozone.

TYLORSTOWN, United Kingdom: It was nearly four years ago but the memory of the landslip that sent 60,000 tons of old mining debris sliding down a Welsh hillside still haunts former miner Jeff Coombes.

Kuwait: In yet another impressive achievement that reaffirms its leadership position in the local ICT industry, Zain announces that it has achieved speeds of 10 Gigabits per second after completing a 5.5G technology trial on its network, becoming the first operator to reach this significant milestone in Kuwait’s telecom market.

BAGHDAD, Jan 3 (KUNA) -- Iraq's oil ministry said on Wednesday that the total of exported oil through the Oil Marketing Company (SOMO) reached 108 million oil barrels with total revenues worth USD 8.3 billion.