By Majd Othman

KUWAIT: Kuwait’s economic expert, Jamal AbdulRahim in an interview with Kuwait Times said that foreign investments in Kuwait, if they occur, will be limited to either speculation in the stock exchanges and the establishment of funds and portfolios for the clients of these companies, or investment through petroleum companies.

BRUSSELS: An EU plan to cut gas consumption across the bloc by 15 percent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday.

KLEINTETTAU, Germany: In 400 years, Heinz-Glas, one of the world’s biggest producers of glass perfume bottles, has seen off many crises-including the two World Wars and the oil shock of the 1970s in the last century alone.

KUWAIT: Jazeera Airways today announced strong results with a net profit of KD7.8 million for the first half (H1) of 2022, compared to a net loss of KD11.7 million in the first half of 2021.

Kuwait: Zain Group announces that it has joined the United Nations (UN) Global Compact initiative — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

New York: American drugmaker Pfizer announced a deal on Monday to acquire Global Blood Therapeutics, makers of a recently approved treatment for sickle cell disease, for $5.4 billion.

LONDON: Prime Minister Boris Johnson will not make “major fiscal interventions” before leaving office next month, his spokesman said Monday amid calls for immediate government action to tackle Britain’s cost-of-living crisis.

Kuwait: Two Kuwaiti oil analysts said on Sunday that global oil prices lost 8 percent of its value during last week due to fears of economy slowdown and US Energy Information Administration (EIA) that showed rise in oil stocks.

MBOMBELA, South Africa: Millions of boxes of oranges are spoiling in containers stranded at European ports as South Africa and the European Union lock horns in a dispute over import rules, citrus growers have said.