LONDON, Nov 20 (KUNA) - Arab and UK officials on Monday agreed that economic partnerships are heading in the right direction as rate hikes have been fostering in the past years.

KUWAIT: The Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Monday that it has begun the exit procedures from KUFPEC Norway Limited by selling its entire stake and assets in Norway to a Chinese company.

KUWAIT: The Central Bank of Kuwait (CBK) had carried out a number of measures to counter financial fraud through directives for financial institutions and banks as well as awareness campaigns for clients and the general masses.

LONDON: Britain’s Conservative government this week unveils a budget update that could determine its chances of re-election—or the size of its defeat—with promises to reinvigorate the economy as the party lags badly in the polls.

LONDON: Asian and European stock markets traded mixed Monday with investors focused firmly on whether the US Federal Reserve and other central banks have reached a peak over interest-rate hikes as inflation cools.

KUWAIT: Following approval from the Capital Markets Authority, Gulf Bank has secured all required regulatory authorizations for the establishment of Gulf Capital Investment Company.

KUWAIT: ABK Capital, the investment arm of Al-Ahli Bank of Kuwait (ABK), announced the appointment of Ali Abdulmohsen Al-Fulaij as the company’s Deputy Chief Executive Officer starting Nov 12, 2023.

SAN FRANCISCO: By recruiting former OpenAI CEO Sam Altman following his surprise ouster by ChatGPT’s parent company, Microsoft is hiring a tech industry star at the forefront of the artificial intelligence revolution.

LONDON, 20 (KUNA) -- UK Prime Minister Rishi Sunak said his target of halving inflation had been met so taxes would be reduced in "a responsible way", British media reported on Monday.