• Gulf Bank celebrates graduation of its senior Leaders from Harvard program

    KUWAIT: As part of its continuous efforts to develop human capital, Gulf Bank announced the graduation of its senior leaders from the Harvard Business School executive program – a custom executive development program for banking and finance executives that are part of the Kuwait Institute of Banking Studies.

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  • Ancient community banking enters digital age in Cameroon

    YAOUNDE, Cameroon: Joseph Ngono’s face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet.

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  • Xiaomi announces release date for first EV, shares surge

    BEIJING: Chinese electronics giant Xiaomi will start deliveries of its first electric vehicle by the end of March, the firm’s boss said Tuesday, bringing its highly anticipated entry into the automotive industry to the brink of completion.

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  • Oil prices gain over 2% in Feb over macroeconomic signals

    KUWAIT: Brent futures rallied for a second consecutive month in February, rising by more than 2 percent to $83.6/bbl (+8.5 percent ytd) on the back of positive macroeconomic signals and continuing geopolitical tensions surrounding events in Gaza and the Red Sea.

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  • Moody’s downgrades major Chinese developer Vanke

    BEIJING: Moody’s has downgraded one of China’s largest housing developers’ credit rating, as woes in the country’s property sector show no sign of abating. China’s real estate market is grappling with unprecedented challenges, with some developers on the verge of bankruptcy and lower property prices deterring consumers from making investments.

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  • Britain vows to build new gas power stations

    LONDON: Prime Minister Rishi Sunak’s government Tuesday pledged to build new gas-fired power stations to boost energy security, drawing criticism over his climate policies ahead of a general election this year.

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  • Lego steams ahead despite struggling toy market

    COPENHAGEN: Lego cemented its position as the world’s biggest toymaker last year despite logging its first decline in net profit since 2017 and slumping sales in China, company results showed Tuesday.

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  • Flying high: UK’s modern-day green airship takes shape

    BEDFORD, United Kingdom: Britain’s innovative Airlander 10 airship could soon take to the skies to offer leisure passengers panoramic views and far less pollution than traditional aircraft, according to its manufacturer.

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  • In hunt for gold, unemployed Afghans risk death and debt

    YAFTAL SUFLA, Afghanistan: Tearing off a piece of moldy flatbread, Homayon gulped tea in a brief reprieve from the din of the machines he and a dozen other men were using to dig for gold on a mountainside in northeastern Afghanistan.

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