MOSCOW: The Russian central bank said it would no longer purchase foreign currency on the domestic market from Thursday, as it sought to prop up the ruble, at its lowest level against the dollar since March 2022.

BELEN, US: President Joe Biden on Wednesday moved to restrict US investment in Chinese technology during a multi-state tour of the Southwest to tout his push to revive American manufacturing after decades of decline.

BEIJING: Beijing on Thursday vowed to “safeguard” its interests against a new US policy to restrict investment in Chinese technology, accusing Washington of disrupting global supply chains.

KUWAIT, Aug 10 (KUNA) -- The National Petroleum Services Company (NAPESCO) posted KD 3.8 million (approx. USD 11.5 million) worth of net profits in the first six months of 2023, at a growth rate of 29 percent as compared to the earnings recorded in the same period of 2022.

KUWAIT: Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced achieving breakthrough results for the first half of the year ended 30 June 2023 reflecting very solid growth in profits and business volume over the course of the year.

WASHINGTON: Moody’s cut the credit ratings of a host of small and mid-sized US banks and placed several big Wall Street names on negative review.

LONDON: Women in the UK are prevented from working in the growing tech and the green sectors because of barriers including low-income backgrounds and not enough flexibility, a survey showed Wednesday.

BEIJING: China slipped into deflation for the first time in more than two years in July, official data showed Wednesday, as slowing domestic spending weighs on the post-COVID economic recovery.

KUWAIT: The National Investment Company (NIC) has unveiled its financial results, recording a net profit of KD 3.2 million for the three months ended on 30 June 2023, with a 194 percent increase compared to the first quarter of this year which ended on 31 March 2023.