• Ukraine estimates cost of reconstruction at $750bn

    LUGANO, Switzerland: Ukraine told an international conference Monday that it will cost an estimated $750 billion to rebuild the war-shattered country, a task President Volodymyr Zelensky said was the shared duty of the democratic world.

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  • Turkish inflation hits two-decade high

    ISTANBUL: Inflation in Turkey in June soared to an annual rate of 78.6 percent – the highest in 24 years, according to official data released Monday – as President Recep Tayyip Erdogan’s unconventional economic policies continued to take their toll.

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  • Boursa Kuwait’s successful growth strategy hailed at HSBC Exchange summit

    Kuwait: Boursa Kuwait was recognised by international investors for its successful growth strategy that saw a significant jump in net profits in the year to date, at a conference hosted by HSBC in London, earlier this month.

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  • In mine-infested sea, Romania aims to cut Russia gas reliance

    VADU, Romania: Gas now flows to Romania from a new Black Sea platform operating in waters where mines and warships have been spotted. The dangerous reminders of the war raging nearby in Ukraine underscore Romania’s determination to cut its reliance on Russian natural gas imports.

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  • US multinationals grapple with soaring greenback

    NEW YORK: The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.

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  • Sri Lanka grinds to a halt as fuel reserves shrink

    COLOMBO: Sri Lanka has less than a day’s worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country’s economic crisis deepened.

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  • Kuwait oil price down USD 2.91 to USD 112.51 pb

    Kuwait: The price of Kuwaiti oil went down by USD 2.91 to USD 112.51 per barrel on Friday from USD 115.42 pb the day before, said the Kuwait Petroleum Corporation (KPC) on Saturday.

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  • Zain celebrates Kuwait’s top graduates

    Kuwait: Zain, the leading digital service provider in Kuwait, hosted its special annual ceremony to recognize the outstanding achievements of Kuwait’s top high school graduates.

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  • India bans many single-use plastics to tackle waste

    NEW DELHI: India imposed a ban on many single-use plastics on Friday in a bid to tackle waste choking rivers and poisoning wildlife, but experts say it faces severe headwinds from unprepared manufacturers and consumers unwilling to pay more.

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