KUWAIT: Zain Group Annual General Meeting (AGM) was held yesterday at Zain Group’s headquarters in Kuwait, that was livestreamed for shareholders and qualified parties and attended with a shareholder quorum of 75.14 percent.

WASHINGTON: President Joe Biden on Monday warned of intelligence pointing to a growing Russian cyber threat and urged US businesses to “immediately” prepare defenses.

COLOMBO: Sri Lanka ordered troops to petrol stations Tuesday as sporadic protests erupted among the thousands of motorists queuing up daily for scarce fuel.

PARIS: Rich countries must end their oil and gas production by 2034 to cap global warming at 1.5 degrees Celsius and give poorer nations time to replace fossil fuel income, according to a report released Tuesday. 

Jassim Mustafa Boodai

Jassim Mustafa Boodai: We have proven our ability to adapt to the challenges of the pandemic and continue to excel

• Gulf Bank has returned to distributing 5% bonus shares to shareholders, for the first time since 2014
• Future semi-annual distributions are subject to the approval of the General Assembly and the Central Bank of Kuwait
• We have amended the Articles of Association and are awaiting the approval of the regulatory authorities to establish an investment arm
• We have succeeded in placing the Bank on the right track and are actively moving forward with Gulf Bank’s 2025 Strategy
• The Bank enjoys prestigious ratings from international agencies, a tribute to its creditworthiness and financial strength

Tony Daher

Tony Daher: We have entered a new era of digital banking services, and our branch network is one of the largest in Kuwait

• Total customer loans at Gulf Bank reached an all-time high last year
• Non-performing loans decreased to 0.9% – one of the lowest rates in the banking sector
• We distributed cash dividends in 2021 for the seventh year in a row, with dividends representing 50% of profits
• Capital ratios have maintained their strength and exceeded the regulatory minimums required.

KUWAIT: Gulf Bank concluded its Ordinary Annual General Meeting (AGM) on Tuesday (March 22, 2022) with a 85.5 percent quorum.

BEIJING: Beijing is considering a request for another $2.5 billion loan package from crisis-hit Sri Lanka, China’s ambassador said yesterday, as a man was stabbed to death while queuing at a fuel station. 

CAIRO: The value of the Egyptian pound shed 13 percent against the US dollar yesterday, registering 17.80 pounds against the greenback after a recent rise in inflation. 

KYIV: The war by Russia in Ukraine risks causing famine in parts of the world because of the two countries’ roles as major agricultural exporters, EU ministers in Brussels warned yesterday. 

KABUL: In the middle of a bazaar in western Afghanistan, Arezo Akrimi takes out her smartphone and, after a few taps of the screen, changes some cryptocurrency for a bundle of hard cash.