LONDON, UK: Turkey’s quake-hit economy will grow this year by less than previously forecast, while Russian output will shrink far less than expected despite Ukraine war sanctions, Europe’s development bank said Tuesday.

TOKYO: G7 leaders meet in Hiroshima this week looking to tighten the screws further on Russia over the Ukraine war and agree a united line on China’s growing military and economic power.

Ottawa: Canada’s inflation rate rose slightly to 4.4 percent in April in an unexpected reversal of a downward trend over the previous 10 months, the national statistical agency said Tuesday.

KUWAIT, May 16 (KUAN) -- The Central Bank of Kuwait (CBK) has issued an updated version of the Instructions for Regulating the Electronic Payment of Funds, first issued in 2018, a draft of the updated instructions was made public in early 2022 and a round of public consultations with stakeholders on the draft instructions followed.

KUWAIT, May 16 (KUNA) -- The Sultanate of Oman had attracted three million tourists by 2022 and it aims to boost that number to 10 million by 2030, said a Omani diplomat on Tuesday.

KUWAIT, May 16 (KUNA) -- Al Ahleia Insurance Company on Tuesday announced net profits of KD 5.4 million (about USD 16.3 million), compared to KD 4.4 million (about 13.3 million USD) during the same period in 2022, up 24.6 percent.

KUWAIT, May 16 (KUNA) -- Kuwait Projects Company (KIPCO) announced profits worth KD 5.12 million (about USD 15.5 million) in Q1 2023, compared with KD 3.2 million (USD 9.6 million) in the same time period of 2022, a raise of 59 percent.

TOKYO, May 16 (KUNA) -- Tokyo stocks climbed Tuesday, with their broader index ending at a 33-year, on overnight gains on Wall Street.

KUWAIT: Zain, Kuwait’s leading digital service provider, announced that Chief Executive Officer Eaman Al-Roudhan was featured among the region’s 50 most inspiring women leaders’ list for the second consecutive year.