• USD stable at KD 0.308

    KUWAIT, Sept 20 (KUNA) -- The US dollar remained stable on Wednesday vis a vis the Kuwaiti Dinar trading at KD 0.308 and the Euro also steadied exchanging at KD 0.329 compared to Tuesday's exchange rates.

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  • US national debt tops USD 33.05 tln

    WASHINGTON, Sept 19 (KUNA) -- The Dept. of Treasury said Tuesday the US national debt surged to USD 33.05 trillion, the largest amount of outstanding borrowing by the Federal Government accumulated over the nation's history.

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  • Global growth under pressure despite easing inflation worries

    KUWAIT: The global economy continues to hold up better than expected, with resilient consumer spending and still-tight labor markets helping growth in developed markets, especially the US, and severe recession fears waning.

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  • The path to net zero: World Petroleum Congress kicks off

    CALGARY, Canada: Hundreds of executives and government officials from oil-producing nations around the world have gathered in Calgary against the backdrop of growing global pressure to reduce greenhouse gas emissions.

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  • OECD sees ‘sub-par’ global growth as high rates bite

    PARIS: The OECD raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as “painful” interest-rate hikes aimed at curbing inflation take their toll.

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  • Arab administrative body pushes digital drive amid AI advances

    CAIRO, Sept 19 (KUNA) -- The chief of a pan-Arab administrative body urged governments in the wider Arab region to accelerate digital transformation plans given the rapid growth of the Artificial Intelligence (AI) market, saying such strategies are necessary to ensure perpetual development.

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  • Italy exports exceed USD 350 bln in first half of 2023

    ROME, Sept 19 (KUNA) -- Italian exports were worth more than USD 350 billion in the first half of 2023 in an increase of more than four percent as compared to last year, government data showed on Tuesday.

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  • Kuwait, France mull over preparations for friendship committee meeting

    KUWAIT, Sept 19 (KUNA) -- Chief of Kuwaiti Chamber of Commerce and Industry, Mohammad Al-Sager, discussed along with French Ambassador to the country, Claire Le Flecher, preparations for the first ever Kuwaiti-French friendship committee meeting taking place in Paris on Sept 28.

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  • Europe Commission clears creation of joint venture by Chinese, Saudi companies

    BRUSSELS, Sept 19 (KUNA) -- The European Commission Tuesday announced the approval, under the EU Merger Regulation, the creation of a joint venture by Baoshan Iron & Steel Co. Ltd. (آ‘Baosteelآ’) of China, Saudi Arabian Oil Company (آ‘Saudi Aramcoآ’) and Public Investment Fund (آ‘PIFآ’), both of Saudi Arabia.

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