BRUSSELS, May 15 (KUNA) -- Lower energy prices and a strong labour market supported moderate growth in the first quarter of 2023, dispelling fears of a recession, according to the European Commission spring economic forecast published Monday.

Kuwait: Zain, a leading telecommunications operator providing digital and ICT services in seven markets across the Middle East and Africa, and Omantel, Oman’s leading integrated telecommunications services provider and the preeminent regional wholesale provider, announce the launch of ‘Zain Omantel International’ (ZOI), an unprecedented joint venture that will establish itself as the Middle East’s premier international wholesale services provider.

KUWAIT: The inaugural cohort of the NBK RISE program wrapped up its 9-month program with a final training session at IE Business School in Spain, culminating in a special visit for the program participants.

KUWAIT: Kuwait Petroleum Corporation and the international Shell energy company have signed a memo for exchanging know-how and expertise in various divisions of the fossil fuel sector.

KUWAIT: Boubyan Bank made a new achievement that adds to its international rankings and ratings received since the beginning of this year, as the bank’s New Data Center received the “Tier III Gold Certification of Operational Sustainability” from Uptime Institute, the international institute specialized in certification of international data and information centers.

KUWAIT: Mohammed Al-Othman, GM-Consumer Banking Group at National Bank of Kuwait, was named “MENA Retail Banker of the Year”, for the second year in a row, by MEED international magazine, within its MENA Banking Excellence Awards 2023.

KUWAIT: National Investments Company (NIC) revealed its financial results for the first quarter of this year, including a detailed analytical presentation on its performance and financial position for 2023.

Kuwait: Kuwait Petroleum Corporation and the international Shell energy company have signed a memo for exchanging know-how and expertise in various divisions of the fossil fuel sector.

KUWAIT: Al-Safat Investment Company’s Chairman of the Board of Directors Abdullah Hamad Al-Terkait said during the company’s general assembly meeting Thursday that the merger between Al-Safat Investment Company and Cap Corp Investment Company is a “promising step that will leave a positive effect”.