LONDON: Britain’s government borrowing in the first half of the financial year was more than six times higher than before the COVID pandemic, official figures showed yesterday, taking public debt to its highest since 1960. 

KUWAIT: ASAR – Al-Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to announce that it has for a record 12th consecutive year received a national award presented by the International Financial Law Review (IFLR), the world’s leading market guide for corporate and financial law firms worldwide. The 2020 IFLR national award presented to ASAR was for the “National Law Firm of the Year” in Kuwait.

OSTEND, Belgium: Britain’s departure from the European single market will disrupt many long-standing economic relationships and could yet devastate one of the oldest-the Belgian fishing fleet’s work in UK waters. In 1666 — three centuries before Britain joined the European Union-King Charles II granted the Flemish city of Bruges the right to send 50 boats to fish off England in perpetuity.

MEER ROSTAM, Iraq: Iraq’s Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms. 

KUWAIT: His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah received Kuwait’s Foreign Minister Sheikh Dr Ahmad Nasser Al-Mohammad Al-Sabah alongside Kuwait Fund for Arab Economic Development (KFSD) Director-General Abdulwahab Al-Bader and KFAED board members at Bayan Palace yesterday. 

NEW YORK: Walmart Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo. 

KUWAIT: Qatar Airways continues to lead the recovery of International travel and its network has never fallen below 30 destinations with continuous services to five continents even during the pandemic, said Akbar Al-Baker, Group Chief Executive, Qatar Airways.

KUWAIT: Boursa Kuwait participated in the IFN Kuwait OnAir Forum 2020, highlighting the company’s ongoing commitment to contribute to the growth and development of Kuwait’s capital markets and its wider economy. 

KUWAIT: Kuwait yesterday reported four deaths and 886 infection cases due to COVID-19.