• Vaccine hopes boost British pound

    LONDON: The British pound continued a frantic two-month rise against the euro and the dollar, reaching new highs this week in a sign of traders’ enthusiasm for the country’s vaccination roll-out. 

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  • Zain Group generates revenue of $5.3bn for 2020 amid challenges

    KUWAIT: Zain Group, a leading mobile telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2020, and fourth quarter ended 31 December, 2020. The Group ended the year with a customer base of 47.8 million customers.

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  • Electric carmaker start-up Lucid Motors to go public

    SAN FRANCISCO: US electric carmaker Lucid Motors announced Monday that it will go public via a merger with a company that values it at $24 billion. The California-based start-up has chosen to go through a SPAC, or “Special Purpose Acquisition Company,” which is a company with no commercial activity whose aim is to raise funds by going public.

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  • Kuwait reports eight new COVID deaths, 1,015 cases

    KUWAIT: Kuwait yesterday reported 1,015 new coronavirus cases and eight COVID-related deaths, taking the total cases up to 186,004 and deaths to 1,057. The Ministry of Health also reported that 906 more people have been cured of the virus, raising the total of those to have overcome the disease to 174,088.

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  • Tunisia fires head of national airline, month into job

    TUNIS: Tunisia’s transport minister yesterday fired the CEO of Tunisair, just over a month after naming her to revive the ailing national carrier’s fortunes.

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  • Markets struggle as inflation fear offset recovery hopes

    HONG KONG: Markets mostly fell yesterday as falling infection rates and more good news on the vaccine front were overshadowed by growing worries about high valuations and inflation. 

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  • Australia’s tech law pits Murdoch against Zuckerberg

    SYDNEY: Australia’s push to regulate tech giants has become a power struggle between two of the world’s most powerful men, with Rupert Murdoch and Mark Zuckerberg locked in a generational battle for media dominance. 

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  • Kuwait population falls to below 4.7m as expatriate numbers drop

    KUWAIT: Kuwait’s population in 2020 experienced the biggest annual drop recorded in almost 30 years, as the number of resident expatriates fell sharply, while the number of Kuwaiti nationals continued to rise. 

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  • Kuwait reports 899 new COVID cases, five deaths

    KUWAIT: Kuwait yesterday reported 899 new coronavirus cases and five COVID-related deaths, taking the total cases up to 184,989 and deaths to 1,049. 

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