KUWAIT, Dec 25 (KUNA) -- Kuwait Fund for Arab Economic Development (KFAED) has given multiple grants worth USD 88.1 million to refugees and the displaced throughout the world between 2016 and 2022.

NEW YORK, Dec 25 (KUNA) -- The United Nations General Assembly (UNGA) approved a USD-3.59-billion-budget for 2024, including establishing a private account related to funding by the United Nations Peacebuilding Fund (UNPBF).

GENEVA: A deal has been reached to end an hours-long strike by ground staff at Geneva airport, which had caused numerous flight delays and cancellations during the holiday rush.

BERLIN: A European Central Bank board member warned the fight to bring consumer prices under control in the euro-zone was not over, despite a recent slowdown in inflation.

HAVANA: Cuba’s government is expecting the economy to shrink up to two percent in 2023, as the country is gripped by its worst economic crisis in decades that has prompted a record exodus from the island.

YUMA: As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? Thousands of photovoltaic slabs are being installed across the United States every day, particularly in the sunny west and south of the country, as states like California race to towards greener energy production.

SHANGHAI: China’s top electric automaker BYD will build a car factory in Hungary, the company said, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition.

NEW YORK: Global stock markets traded in a tight range before the Christmas break, while Asia-focused tech shares were hammered after China announced additional curbs on online gaming. 

KUWAIT: The US Dollar index continues to trade on a downward trajectory, closing the week at 101.71, after a steep decline that followed a dovish speech delivered by Fed Chair Jerome Powell.