MUMBAI: Shares in the flagship firm of troubled Indian conglomerate Adani rose almost 15 percent Tuesday, clawing back some of its recent huge losses after saying it would repay more than $1 billion in loans.

By Majd Othman

KUWAIT: Italian Ambassador to Kuwait Carlo Baldocci told Kuwait Times in an exclusive interview that the export volume to Kuwait in the fashion sector increased by almost 50 percent in 2022 compared to 2021.

By Zhang Jianwei.

Ambassador of the People’s Republic of China to the State of Kuwait.

In 2022, the world underwent both major changes unseen in a century and the once-in-a-century pandemic. The geopolitical situation was turbulent, and the downside risks of the world economy were increasing.

BENGALURU: Oil consumption in China, the world’s biggest importer, is rising strongly following the ending of coronavirus lockdowns, according to OPEC member Kuwait, reports Bloomberg.

KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported net profit of KD 357.7 million attributable to the shareholders of the bank for the year ended 2022; an increase of 47.0 percent compared to 2021. Ahli United Bank – Bahrain contributed to the profit with an amount of KD 62.5 million or 17.5 percent which represents the results of AUB for the period from the date of the acquisition on October 2, 2022, until end of FY22, following the successful completion of the acquisition of 100 percent of Bahrain’s Ahli United Bank by KFH, and the listing and trading of its shares on Bahrain Bourse on October 6, 2022.

SALFORD, United Kingdom: The thermometer sinks below zero as a blizzard of fine snow descends on two houses freshly built inside a massive laboratory in northern England.

KUWAIT: NOMO Bank, the digital bank of the Bank of London and the Middle East “BLME”, a subsidiary of Boubyan Bank Group, announced the launch of its real estate finance product, which allows all customers in the Middle East to own properties in the United Kingdom in a major step towards employing the digital bank’s services in providing easier, more convenient, and secure real estate finance solutions.

NEW DELHI: India’s securities regulator said Saturday that markets were stable and protected from further volatility, following a phenomenal share rout that hit the business empire of tycoon Gautam Adani.

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are “beyond imagination”, as it battles a spiraling economic crisis.