WASHINGTON: President-elect Joe Biden announced Monday he will nominate former Federal Reserve chair Janet Yellen to lead the Treasury, topping a slate of economic officials who would break racial and gender barriers in the US government. 

KUWAIT/RIYADH/AMMAN/MANAMA: Zain Group, a leading telecom innovator in eight markets across the Middle East and Africa, announces the highly transformational development of the launch of the ‘Zain esports’ brand, marking the beginning of a year-long calendar of large and exciting regional online esports tournaments comprised of multiple Flagship events as well as smaller, regular community tournaments with attractive cash and devices prize pools.

LONDON: Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed yesterday. 

LONDON: Britain’s audit sector, dominated by the so-called Big Four accountancy giants, is shortly expected to discover how it must reinvent itself amid a series of probes into alleged corruption, including one linked to the collapse of German electronic payments group Wirecard.

KUWAIT: Kuwait said yesterday it logged 209 new coronavirus infections over the previous 24 hours, raising total cases to 142,635, while two fatalities recorded over the same period upped its death toll to 880. 

LONDON: Last-ditch Brexit trade talks continued in London yesterday with fishing rights remaining an “outstanding major bone of contention,” according to British foreign minister Dominic Raab. 

NEW DELHI/MUMBAI: Manish Mehra, owner of Washex Hospitality, an industrial laundry service, recently flew from Delhi to Jodhpur, a city in north-western India, to win a contract to service a large, government-run hospital – a move essential to kickstarting his business. 

VIENNA: The OPEC oil producers’ club and its allies will hold a virtual meeting today and tomorrow to finalize an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand.

RIYADH/KUWAIT: Zain Group, a leading mobile telecom innovator in seven markets across the Middle East and Africa announces the successful competition of its subsidiary Zain Saudi Arabia (Zain KSA) capital restructuring.