BEIJING: China’s top leaders said the economy was facing “new difficulties and challenges” in a meeting of the 24-person politburo on Monday. The country’s highest-ranking officials gather annually at the end of July to review the economic situation before their traditional summer break in August.

KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported record net profit for its shareholders of KD 333.4 million($1.086 billion) for the first half of 2023, an increase of 141.4 percent compared to the same period last year.

KUWAIT: As part of its continuous efforts to develop human talents, Gulf Bank announced the graduation of a number of its employees from the Kuwait Graduates Development Program (KGDP) – organized by the Institute of Banking Studies in cooperation with the Central Bank of Kuwait – of which began back in March 2022 and ended in May 2023.

LONDON: In a scene Ford hopes to see across Europe “soon”, the first hands-free car model allowed on the UK’s fastest roads zoomed down a motorway before slowing down as the back of a truck appeared.

DOHA/KUWAIT/ABU DHABI: Ooredoo announced that Ooredoo Group has entered exclusive negotiations with Mobile Telecommunications Company (Zain Group) and UAE based TASC Towers Holding to combine their approximately 30,000 telecommunication tower assets in Qatar, Kuwait, Algeria, Tunisia, Iraq and Jordan into a jointly owned independent tower company in a cash and share deal.

KUWAIT, July 24 (KUNA) -- Kuwait Finance House (KFH) on Monday announced net profits of KD 171.29 million (around USD 522.4 million) in the second quarter of 2023, compared to KD 68.5 million (around USD 208.9 million) in the same period 2022, up 149.8 percent.

KUWAIT: Zain, a leading provider of innovative technologies and digital lifestyle communications operating in seven markets across the Middle East and Africa, announces winning the World Finance ‘Best Corporate Governance Award 2023 for Kuwait’, for the third consecutive year.

KUWAIT: Shaikha Al-Bahar, Deputy Group CEO of National Bank of Kuwait (NBK) said that the outstanding bottom line growth for the first half of 2023 was mainly driven by higher core banking income, as the bank continued to deliver very strong profitability trends, both for the quarter and year-to-date figures.

PLAYA DEL REY, US: Tamara Hernandez moved into a recreational vehicle when her rent shot up. Beau Beard did it because he lost everything after going to prison.