KUWAIT: Kuwait economic conditions are expected to remain positive over the forecast period, with consumer activity constructive, government fiscal policy expansionary amid elevated oil prices and inflation easing.

WASHINGTON: The US ratings agency Moody’s announced Friday it had affirmed Italy’s credit rating at Baa3, and upgraded the country’s outlook to “stable” from “negative,” citing its significant economic strengths.

HONG KONG: Shares in Chinese ecommerce titan Alibaba tanked 10 percent in Hong Kong on Friday after the firm’s surprise decision to call off part of its high-profile restructuring because of the US-China chip war.

SAN FRANCISCO: The United States stumbled again in trade negotiations with Asia-Pacific partners this week, a setback analysts say could weigh on America’s standing as a partner in the face of China’s growing influence.

SHANGHAI: US restrictions on advanced computer chips are forcing China’s tech giants to rethink their ambitious AI-powered projects, analysts say.

KUWAIT: The National Investments Company (NIC) has announced positive financial results, recording a net profit of KD 2.5 million for the first nine months ending on 30/9/2023.

DUBAI: Dubai-based Emirates on Thursday announced an order for 15 long-haul Airbus A350-900s, bringing to 110 the number of additional aircraft the company has ordered at this year’s Dubai Air Show.

LONDON: Major Asian and European stock markets fell Thursday as investors took a breather and cashed in on a recent rally following better-than-expected US inflation figures.

KUWAIT: Reflecting its constant commitment to support initiatives aimed at raising community awareness and to promote financial inclusion and raise financial literacy among all segments of society, National Bank of Kuwait (NBK) is urging customers to ignore and refrain from clicking unknown links, and to deal only with trusted links, to avoid fraudulent attempts to steal their banking and personal information.