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  • 20, December 2023

    KPC: Kuwait oil price up 75 cents to USD 79.66 pb

    KUWAIT, Dec 20 (KUNA) -- The price of Kuwaiti oil barrel went up 75 cents to USD 79.66 per barrel on Tuesday compared to USD 78.91 on Monday, said Kuwait Petroleum Corporation (KPC) on Wednesday.

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  • 19, December 2023

    Panama Canal realizes $2.5bn despite drought

    PANAMA CITY: The Panama Canal delivered $2.5 billion to the national treasury for last year’s operations, the government said Monday, despite record-low water levels that limited ship transits.

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  • 19, December 2023

    Chairman of Taiwan chip giant TSMC to retire next year

    TAIPEI: The chairman of Taiwan’s semiconductor giant TSMC, Mark Liu, will retire from the company next year, the firm announced Tuesday.

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  • 19, December 2023

    India economy showed robust growth in 2022/23, says IMF

    WASHINGTON: India’s economy showed robust growth over the past year. Headline inflation has, on average, moderated although it remains volatile.

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  • 19, December 2023

    GCC gross foreign assets will swell to $4.4tn in 2024: IIF

    KUWAIT: The gross foreign assets of the six GCC countries are expected to swell to around $4.4 trillion in 2024, supported by oil export-driven current account surpluses, projected at $146 billion, according to a new report.

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  • 19, December 2023

    Nippon Steel’s $14.1bn deal for US Steel sparks criticism

    WASHINGTON: Japan’s Nippon Steel agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday, sparking criticism about the firm’s ownership in an industry crucial to US national security.

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  • 19, December 2023

    Google to pay $700m to US consumers, states

    SAN FRANCISCO: Google parent Alphabet has agreed to pay $700 million as part of an antitrust settlement made public on Monday, with the funds going to US customers of its Android app store and state governments. 

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  • 19, December 2023

    France pushes nuke energy, raising German hackles

    BRUSSELS: France stood up for nuclear power as part of the EU’s low-carbon energy mix on Tuesday, raising the hackles of anti-nuclear Germany.

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  • 19, December 2023

    Bank of Japan stands pat on monetary policy

    TOKYO: The Bank of Japan on Tuesday maintained its long-standing, ultra-loose monetary policy and offered no guidance on its plans in the new year, sending the yen down against the dollar and boosting stocks.

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