KUWAIT: KFH Capital Co, the investment arm of Kuwait Finance House Group (KFH), signed an advisory agreement with Petrochemical Industries Company, to act as an advisor and manager for the sale transaction of Qurain Petrochemical Industries Company shares. 

WASHINGTON: The new Omicron variant of COVID-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said Friday. 

ANKARA: Turkey’s annual inflation rate surged Friday above 20 percent-its highest in three years-although the main opposition leader accused officials of hiding the true scale of the country’s currency crisis. 

WASHINGTON: The United States added just 210,000 jobs last month, the government reported Friday, less than half the increase analysts were expecting in the latest headwind for President Joe Biden.

NEW YORK: Global stocks finished a volatile week on a downcast note Friday, sunk by festering worries over the Omicron variant and disappointment at the most recent US job growth figures. 

KUWAIT: Q’go Group for Tourism and Travel Agencies announced, in a special ceremony organized at Symphony Style Hotel, the inauguration of operational flights for Flyadeal Airlines, the economic arm of Saudi Airlines in Kuwait, by operating a flight from Riyadh to Kuwait in the initial stage. 

KUWAIT: In 2017, Kuwait unveiled a new plan to transform the country into a regional financial and cultural hub by 2035. The National Development Plan, called ‘New Kuwait’, set the long-term development plans for the country. Rightfully so, ICT was set at the heart of the government’s strategy.

KUWAIT: GCC markets declined for the first time in 13 months in November-2021 as the new COVID-19 variant, Omicron, sent shockwaves across financial markets globally. The MSCI GCC index dropped 4.7 percent during the month, in line with most major exchanges globally. 

WASHINGTON: The world economy woke up from its pandemic-induced coma in 2021, but soaring inflation, global supply chain bottlenecks and a resurgent coronavirus have taken the shine off the comeback. Now growth is at risk of weakening next year.