KUWAIT: Gulf Bank K.S.C.P. (“Bank”) announced its financial results for the first quarter ending 31 March 2022.

SAN FRANCISCO: Elon Musk’s vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.

Hamad Al-Humaidi:

• Wataniya Investment Fund is one of the largest funds in terms of the volume of assets. It has achieved a good performance, with returns of 27.77%. … to boost its returns to 296.75% since incorporation and distribution of 5% of profits in 2021.
• Al-Darij investment Fund achieved a return of 15.68% through its investment in selective sharia-compliant shares and distribution of 3% of profits for the second half of 2021.
• Zajil Fund for Services and Telecommunications achieved returns of 15.49% and a distribution of 5% profits for the second half of 2021.
• National Investments Company follows an active strategic approach in terms of optimizing long-term returns and minimizing risks.

KUWAIT: At its Annual Shafafiyah ‘Transparency’ Investors’ Forum, KIPCO – Kuwait Projects Company (Holding) – said that the proposed merger with Qurain Petrochemical Industries (QPIC) would form a larger investment holding with the ability to strengthen existing sectors and pursue new opportunities.

FRANKFURT: A European Central Bank rate hike will not reduce energy prices, the cause of half of the continent’s inflation, ECB president Christine Lagarde said Sunday, even as the institution faces pressure to raise interest rates.

NEW DELHI: India and the European Union announced on Monday the launch of a special council to boost trade and tech cooperation, despite divergent views over Russia’s invasion of Ukraine.

KUWAIT: Shares on Boursa Kuwait moved up on Monday scoring 92.78 points and closing at 1,8329 points. Around 191.5 million shares were traded through 10,664 cash transactions worth KD 52 million (about $184 million) on Monday.

WASHINGTON: Twitter is reconsidering Elon Musk’s buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding.

KUWAIT: The ordinary and extraordinary General Assembly of Aleid Foods approved the board of directors’ recommendation of cash distribution of 8 percent per share’s value (8 fils per share), and 17 percent grant of shares from the authorized capital for the fiscal year ending on December 31, 2021, and that for shareholders registered in the company shareholder records.