LONDON: In the next few weeks, Saudi Arabia and its OPEC+ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook.

NEW YORK: President Joe Biden’s skeptical approach to corporate mergers has been a hallmark of his administration’s business policy — a stance generally expected to ease if Donald Trump returns to the White House.

KUWAIT: The National Investments Company (NIC) has launched its first sustainability report, which particulars the company’s performance across its various activities for 2023 as part of its commitment to sustainability as a critical pillar for building its corporate strategy.

KUWAIT: Weyay Bank, a leading provider of innovative digital banking solutions, on Sunday announced the launch of its new multicurrency prepaid card.

LONDON: British energy bills are set to start rising again this autumn, the sector regulator announced on Friday, sparking fears that fuel poverty will worsen amid an ongoing cost of living crisis.

JACKSON HOLE, Wyoming: A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the move, on and off record conversations with seven sources indicate.

KUWAIT: National Bank of Kuwait - Egypt (NBK-Egypt) has reported net profits of EGP 3.17 billion (equivalent to KD 24.9 million) for the first six months of 2024, a significant increase from the EGP 1.57billion (equivalent to KD 16.2 million) reported in the first six months of 2023, showcasing an impressive growth rate of 102 percent.

WASHINGTON: The number of Americans filing new applications for unemployment benefits ticked up in the latest week, but appeared to be steadying near a level consistent with a gradual cooling of the labor market that should set the stage for the Federal Reserve to kick off interest rate cuts next month.

TOKYO: Bank of Japan governor Kazuo Ueda indicated Friday that officials could hike interest rates again if inflation and the economy performed as expected, weeks after turmoil caused by a surprise increase earlier this month.