KUWAIT: National Investment Company (NIC) held its analysts conference for the year ended 31 December 2021. The conference was attended by Chief Financial Officer Girish S Nair, Senior Vice President for Investment Banking Sector Bashar Khan and Executive Vice President for Wealth Management Sector Almuthana Al-Maktoum.

PARIS: A Paris court on Tuesday handed the food delivery group Deliveroo a fine of 375,000 euros ($405,000) after finding it guilty of “undeclared labour” by using freelance delivery riders who should have been considered employees.

COLOMBO: A severe fuel shortage sparked spontaneous protests across Sri Lanka on Tuesday, with tens of thousands of angry motorists burning tires and blocking a major road leading into the capital, police and local officials said.

KUWAIT: National Bank of Kuwait (“NBK”, the “Bank” or the “Group”) has announced its financial results for the three-month period ended 31 March 2022.

KUWAIT: Boubyan Bank has announced KD 26 million in operating profits for the first quarter of this year as the bank recorded KD 17 million in net profits at a growth rate of 34 percent compared with last year, while the earning per share amounts to 4.17 fils.

BEIJING: China’s economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of “significant challenges” ahead while massive COVID-19 lockdowns started to bite.

HONG KONG: Asian stocks closed lower on Monday in cautious trade, as figures showed China’s economic growth accelerated in the first quarter of the year, but the government warned of “significant challenges” ahead.

KUWAIT: Boursa Kuwait shares edged lower on Monday, closing 69.19 points lower at 8232.71, down 0.83 percent. A total of 203.15 million shares were traded through 13,431 cash transactions worth KD 70.2 million (about $245.7 million).

TRIPOLI: Libya’s National Oil Corporation announced Monday the closure of operations in major oil fields after staff in the key export terminal of Zueitina were blocked from working.