• S Korean stocks surge after short-selling ban

    SEOUL: South Korean stocks surged Monday after authorities imposed an eight-month ban on short selling, with officials citing “illegal shorting practices” by global investors as driving the move.

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  • EU probes AliExpress to examine curbs on illegal products

    BRUSSELS: The EU on Monday announced an investigation into Chinese e-commerce giant AliExpress, seeking more details on what measures it is taking to protect consumers online from illegal products, including fake medicines.

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  • KPC plans investments in fossil fuel and renewables in its 2040 strategy

    KUWAIT: Oil prices declined sharply in October on intensifying global macroeconomic worries amid the prospect of ‘higher for longer’ central bank interest rates and despite the return of the geopolitical risk premium linked to the Zionist entity-Hamas conflict – which petered out towards the end of the month with the conflict appearing contained – and better-than-expected US and Chinese economic data.

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  • Kuwait official: Women's economic empowerment marks social positivity

    MANAMA, Nov 6 (KUNA) -- Secretary-General of Small and Medium Enterprises (SMEs) at Manpower and Government Restructuring Program (MGRP) Jamela Al-Dawas stressed Monday that economic empowerment of women is positively reflected in the community.

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  • Kuwait-based factories on display at Qatar industrial expo

    DOHA, Nov 6 (KUNA) -- Some 10 Kuwait-based factories, running the gamut from nutrition to hospitality, are taking part in an international industrial exhibition in the Qatari capital Doha, a Kuwaiti official said on Monday.

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  • Asia Pacific Regional Conference kicks off in Bahrain

    By Kholoud Al-Enezi MANAMA, Nov 6 (KUNA) -- Kuwait is taking part in Asia and pacific regional conference, which kicked off Monday in Bahrain with wide international participation. The conference's theme is economic empowerment for women and young entrepreneurs.

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  • Qatar signs second 27-year gas supply deal with Sinopec

    DOHA: Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate’s state-owned energy company said Saturday, its second such deal with the Chinese firm.

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  • Saudi continues oil production cut of 1m bpd

    RIYADH: The Saudi Energy ministry announced on Sunday that the Kingdom would continue the voluntary cut of one million barrels per day, which went into implementation in July of 2023 and later extended until the end of December 2023.

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  • Uganda’s Museveni defiant over removal from US trade pact

    NAIROBI, Kenya: Uganda’s president said Sunday that the US government had overestimated its value to his country after Washington decided to remove the East African nation from a major trade pact over human rights violations.

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