• Fadel Abdullah appointed as Burgan Bank’s CEO - Kuwait

    KUWAIT: Burgan Bank announced that it has obtained the approval of the Central Bank of Kuwait (CBK) for the appointment of Fadel Mahmoud Abdullah to the position of Chief Executive Officer (CEO) – Kuwait.

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  • Markaz hosts seminar on investment

    KUWAIT: Kuwait Financial Centre “Markaz” concluded its annual seminar titled ‘‘Markaz 2024 Outlook: Investment Trends and Opportunities’, which was held on Dec 5, at the Four Seasons Hotel Kuwait, in the presence of a group of experts from Markaz, along with local and international prominent institutions.

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  • COP28 pledges meet only 30% of needed emission cuts: IEA

    DUBAI: Pledges made so far at the COP28 climate summit will only reduce energy-related greenhouse gas emissions by 30 percent of what is needed by 2030, the International Energy Agency said Sunday. 

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  • Desperation for the homeless on Los Angeles streets

    LOS ANGELES: When Carlos Schmidt beds down on the hard streets of Los Angeles, he has nothing but a backpack and an old blanket, like thousands of other homeless people in one of the richest cities in the world’s richest country.

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  • US employment remains resilient; services sector picked up in Nov

    KUWAIT: Labor data came in better than expected in the US, with signs of a strong labor market across the board. Nonfarm payrolls rose by 199K in the month, higher than the 185K average estimate of economists.

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  • Why is smoking considered harmful? Is nicotine the real cause?

    Nicotine is addictive and not risk-free, but - contrary to what many believe - experts agree that nicotine itself is not the primary cause of smoking-related diseases.

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  • Kuwait chairs Arab meeting to discuss Free Trade Zone

    CAIRO, Dec 10 (KUNA) -- The 56th meeting of the Arab League's Implementation and Follow-up Committee of the Economic and Social Council kicked off on Sunday chaired by Kuwait to discuss the final steps of creating the Greater Arab Free Trade Zone.

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  • Kuwait Min., Pakistan Amb. discuss food security coop.

    KUWAIT, Dec 10 (KUNA) -- Minister of Commerce and Industry, Minister of State for Youth Affairs Mohammad Al-Aiban and Ambassador of Pakistan to the State of Kuwait Malik Mohammad Farooq discussed on Sunday ways to enhance cooperation within food security.

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  • EU strikes deal on landmark AI law

    BRUSSELS: EU member states and lawmakers clinched a deal on Friday on how to draft “historic” rules regulating artificial intelligence models such as ChatGPT — after 36 hours of negotiations.

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