KUWAIT: LuLu Hypermarket, Kuwait’s leading retailer, announced the launch of its highly anticipated ‘LuLu World Food’ promotion at all its outlets in the country.

KUWAIT: Following last year’s commendation, Burgan Bank announced receiving the prestigious Brandon Hall Group Human Capital Management (HCM) Gold Award of Excellence in the “Learning and Development” area under the “Best Use of Social/Collaborative Learning” category.

HONG KONG: Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion.

BERLIN: If traders are right, the European Central Bank is now at risk of pushing inflation below its 2 percent target by cutting interest rates too slowly, hurting the bloc’s fragile economy.

RIYADH: Saudi Arabia is preparing to abandon its unofficial $100 a barrel oil price target as it gets ready to raise output to win back market share, even if it means lower prices, the Financial Times reported on Thursday.

ISLAMABAD: Pakistan said Thursday it would have to go through “transitional pain” after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.

MENLO PARK: Meta chief Mark Zuckerberg on Wednesday gave a peek at augmented reality eyewear he touted as the most advanced glasses in the world.

LONDON: The European Bank for Reconstruction and Development said Thursday that it expected Lebanon’s economy to decline further in 2024 because of geopolitical turmoil.

KUWAIT, Sept 26 (KUNA) -- The annual Financial Report released by the Central Bank of Kuwait on Thursday disclosed that the banks shareholders dividends grew by 25 percent on annual basis reaching KD 1.5 billion (USD 5.9 billion) in the end of the year 2023.