KUWAIT: Kuwait Finance House (KFH) has won World’s Best Islamic Financial Institution 2020 Award from Global Finance magazine in its 13th annual awards for the World’s Best Islamic Financial Institutions for this year. 

WASHINGTON: US authorities have given the Chinese owner of TikTok two additional weeks to divest the social media sensation in order to resolve national security concerns voiced by President Donald Trump’s administration. 

RIYADH: G20 nations declared Friday a “common framework” for an extended debt restructuring plan for coronavirus-ravaged developing countries, but campaigners cautioned that more was needed to alleviate a “wave of debt crises”.

KUWAIT: Kuwait tallied 691 new COVID-19 cases over the past 24 hours to up the total to 136,341, while two fatalities pushed its death toll from the outbreak to 835, the health ministry said yesterday. 

BEIJING: Chinese shoppers splurged more than $100 billion in the world’s biggest shopping event of the year, in a huge spending spree that suggests the country’s all-important army of consumers is fighting back after months of pandemic agony. 

HANOI: Fifteen Asia-Pacific nations are set to sign an enormous free trade deal at an online summit that started yesterday, with the pact seen as a coup for China in extending its influence across the region. 

LONDON: The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed. 

DUBAI: Dubai-based Emirates airline yesterday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to “a literal standstill”. 

KUWAIT: Kuwait recorded 773 new coronavirus cases and four deaths yesterday, according to the ministry of health. The new figures raised the total number of cases to 134,932 and deaths to 830, the ministry’s official spokesman Dr Abdullah Al-Sanad told KUNA.