KUWAIT: National Bank of Kuwait – Egypt (NBK-Egypt) provided a finance of EGP 850 million to Madkour for Projects Company, one of the leading national companies in the field of energy and infrastructure projects, for the purpose of carrying out the works assigned to the company by the Ministry of Housing to replace and upgrade medium and low voltage electricity networks in some villages of Markaz Esna and Markaz Armant in Luxor governorate.

BALTIMORE, US: President Joe Biden acknowledged Wednesday that US shoppers were paying too much for everyday goods, vowing to tackle inflation “head on” after government data showed it had reached a 30-year peak last month. 

BRUSSELS: The EU increased its growth forecast for 2021 yesterday, as the eurozone economy holds strong against higher energy prices, supply chain bottlenecks and a fresh wave of COVID cases. 

NEWCASTLE, Australia: Australia’s conservative leaders have defied calls for urgent climate action, boasting they will sell coal for as long as anyone is buying. But in the country’s carbon heartland, locals are already preparing for life beyond fossil fuels. 

LONDON: Britain’s economic recovery from pandemic fallout slowed sharply in the third quarter as global supply disruptions hurt businesses, official data showed yesterday. Gross domestic product grew 1.3 percent in the July-September period, down from 5.5 percent in the second quarter, the Office for National Statistics (ONS) said in a statement.

BEIJING: China yesterday held a subdued version of its annual “Single’s Day” shopping spree, shorn of the usual boasting on sales volume as the country’s chastened e-commerce sector kept a lower profile amid a government crackdown on platforms such as those operated by Alibaba. 

KUWAIT: For the first time in Kuwait, Kuwait Finance House “KFH” launches a service using smart watches and mobiles to perform banking transactions through ATMs at KFH branches and KFH.GO smart branches. KFH Group Acting Chief Retail Banking and Private Banking Officer, Khaled Yousif Al-Shamlan said that KFH has achieved and added another success to its records in digital banking world. 

KUWAIT: Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced the launch of its unique and exceptional offers on the iPhone 13 series, drawing in a large crowd of iPhone fans and customers. 

KUWAIT: Ooredoo Business, the trusted technology partner for all business solutions, in collaboration with Cisco held an interactive webinar to shed light on the latest local and international trends, mechanisms and technological practices related to cyber security and network security solutions and how to utilize them to overcome any cyber threats that may expose companies’ sensitive data to danger by unauthorized parties.