KUWAIT: It did not take long for the Egyptian authorities to capitalize on the economic reforms that took place in March, with the appointment in July of a new Cabinet welcomed locally and regionally and injecting fresh optimism for the first time in years.

KUWAIT: Burgan Bank announced that Standard & Poor’s Global Ratings (S&P) has affirmed its long-term and short-term issuer credit ratings at “BBB+/A-2” with a “stable” outlook, reflecting its expectations that the Bank’s financial profile will remain broadly solid.

KUWAIT: Gulf Bank K.S.C.P. announced its financial results for the first half ending June 30, 2024. The Bank reported a net profit of KD 28.2 million, a decline of KD 7.6 million or 21.3 percent compared to 2023 first half net profit of KD 35.8 million.

LONDON: Growth in eurozone business activity stalled this month as a tepid expansion in the bloc’s dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed on Wednesday.

RIYADH: For Hamed Al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheel drive favored by motorists in the desert kingdom.

LONDON: The Bank of England will trim bank rate to 5 percent next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it will embark on a slow and steady reduction path with one more cut this year.

LOS ANGELES: Delta Air Lines, which has axed more than 6,000 flights since a widespread IT system failure on Friday, said it would resume normal operations Thursday.

LONDON: EasyJet’s CEO said on Wednesday the budget airline was not seeing any signs of softening demand and fares were holding up, as its quarterly report and upbeat outlook for its holidays business reassured investors and sent shares 8 percent higher.

NEW DELHI: Climate-driven shocks, coupled with scant finance and government action, will leave nearly 600 million people living in hunger by 2030, the head of the United Nations International Fund for Agricultural Development (IFAD) told The Thomson Reuters Foundation in an interview.