• Indonesia, Iran ink trade pact during Raisi visit

    JAKARTA: Indonesia and Iran signed a trade agreement on Tuesday in Jakarta, where President Joko Widodo hosted his Iranian counterpart Ebrahim Raisi.

    Read More
  • Top producers warn against divestment from oil and gas

    DOHA/DUBAI: Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months.

    Read More
  • Sudan war hits gum arabic business

    KHARTOUM: Sudan’s war has left farmers of gum arabic, a vital ingredient for global industry including fizzy drinks, bereft of local buyers but a trade group assures global stocks are — for now — sufficient.

    Read More
  • India’s CB pulls highest value banknotes from circulation

    MUMBAI: India’s central bank sought to calm the public after its decision to withdraw its highest-value currency notes from circulation triggered alarm about financial stability.

    Read More
  • Meta hit with 1.2bn euro fine over EU rules

    DUBLIN: Facebook owner Meta has been fined a record 1.2 billion euros ($1.3 billion) for transferring EU user data to the United States in breach of a previous court ruling, Ireland’s regulator announced on Monday.

    Read More
  • Florida law bars hiring of undocumented workers

    MIAMI: Benjamin Perez cleans houses in Miami for a living. Like tens of thousands of others in the Florida workforce, he toils without legal papers. The future of this off-the-books labor force today sits in limbo due to a recently approved immigration law.

    Read More
  • Gulf Bank prepares students from AU for the job market

    KUWAIT: As part of its various initiatives to consolidate the principles of sustainability in society, and as part of its strategic partnership with INJAZ Kuwait, Gulf Bank welcomed a group of students from the Australian University in Kuwait (AU) at its head office, to take part in the Job Shadowing training program.

    Read More
  • ECONOMICS Baytak Construction Expo kicks off in Kuwait Int'l Fairground

    KUWAIT, May 22 (KUNA) -- 'Baytak' Construction Exhibition kicked off Monday at Kuwait International Fair Grounds in Mishref with more than 135 local and global companies participating.

    Read More
  • Dark cloud over ChatGPT revolution

    WASHINGTON: The explosion of generative AI has taken the world by storm, but one question all too rarely comes up: Who can afford it? OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions, according to industry media The Information.

    Read More