TEHRAN: A year after Iran’s President Ebrahim Raisi took power, his government has curbed the COVID pandemic but faces a sharp downturn of the sanctions-hit economy as nuclear talks remain stalled.

Kuwait: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa, listed on the Boursa Kuwait, announces it has won the World Finance ‘Best Corporate Governance Award 2022’ for Kuwait for the second consecutive year.

Kuwait: In a meeting of its Board members on 1 August 2022, Boursa Kuwait announced net profits (attributable to equity holders of the Parent Company) of KD 10.7 million for the six month period ended 30 June 2022, an increase of 36.8% compared to the same period in 2021, when the company recorded net profits of around KD 7.8 million.

MUMBAI: Asia’s richest men made multi-billion-dollar bets on the future of Indian telecommunications in the country’s 5G auction Monday, but nearly 30 percent of the available spectrum went unsold.

VIENNA: The Kuwaiti oil expert Haitham Al-Ghais took office on Monday as the new Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) at the Organization’s headquarter in the Austrian capital, Vienna.

BEIJING: A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing.

WASHINGTON: A key US inflation measure accelerated again in June, outpacing gains in income, government data showed Friday, heaping pressure on President Joe Biden and policymakers trying to ease the pain for American families.

SAN FRANCISCO: Elon Musk on Friday filed claims against Twitter as he fights back against the tech firm’s lawsuit demanding he be held to his $44 billion buyout deal.

TAEZ, Yemen: For Yemeni beekeeper Mohammed Saif, honey production used to be a lucrative business but years of war and climate change have taken the buzz out of the family hives.