KUWAIT: Kuwait Finance House (KFH) received the “World’s Best Islamic Financial Institution 2022” award from Global Finance Group within its fifteenth annual awards ceremony for the World’s Best Islamic Financial Institutions.

ISTANBUL: Turkey’s inflation has soared to a new record, official data showed Monday, as analysts see an impact from Russia’s invasion of Ukraine and President Recep Tayyip Erdogan’s unorthodox interest rate policy. 

KUWAIT/HONG KONG: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa, announced that Zain Global Connect (ZGC), its wholly owned subsidiary in charge of consolidating Group’s initiatives into the Wholesale Carrier domain, is connecting the Middle East with Europe through the J2M (Jeddah, Saudi Arabia to Marseille, France) submarine cable system.

SAN JOSE: Costa Ricans headed to the polls on Sunday to elect one of two scandal-tainted presidential candidates in a country grappling with sky-high poverty and unemployment. Former president Jose Maria Figueres was once investigated for corruption while ex-finance minister Rodrigo Chaves was previously demoted for sexual harassment. 

NEW YORK: US electric car manufacturer Tesla shipped a record number of more than one million cars over the past year, according to figures published Saturday.

WASHINGTON: Citing the need to counteract the “Putin price hike” following Russia’s invasion of Ukraine, President Biden has announced a sweeping plan to make unprecedented use of US emergency oil stockpiles. 

NEW YORK: US arms manufacturers are not cashing in directly from the thousands of missiles, drones and other weapons being sent to Ukraine, but they do stand to profit big-time over the long run by supplying countries eager to boost their defenses against Russia.

KUWAIT: Chairman of the Board of Safat Investment Company Abdullah Hamad Al-Terkait said the company is open for merger with other local companies. 

NEW YORK: Amazon workers in New York voted Friday to launch the first US union at the e-commerce giant, an underdog upset against a company that has steadfastly opposed organized labor in its massive workforce.