LONDON: Once dubbed Britain’s “Bill Gates”, tech entrepreneur Mike Lynch, whose body has been recovered from his sunken superyacht off Sicily, had only recently been cleared of fraud charges in the US.

BEIRUT: Lebanon’s acting central bank governor said on Thursday that his institution was still striving to prevent being placed on a “grey list” of countries under special scrutiny by a financial crime watchdog.

JEDDAH: Saudi Arabia inaugurated on Wednesday the largest logistics investment by global shipping company Maersk in Jeddah Islamic Port with a total investment value of 1.3 billion riyals (about $345 million) in the presence of a number of leaders of the logistics and maritime sector in the Kingdom.

HONG KONG: Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China’s huge army of investors that could potentially rake in billions of dollars for the firm.

KUWAIT, Aug 22 (KUNA) -- The Kuwaiti Ministry of Commerce and Industry said its teams seized over 720 pieces of luxury brands replica items at Friday Market.

BEIRUT, Aug 22 (KUNA) -- The Annual Forum of Combating Money Laundering and Terror Financing warned on Thursday against the repercussions of cash economy on the banking sector.

KUWAIT: In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

SAN FRANCISCO: Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.

SAN FRANCISCO: California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad opposition.