• STC bags more than USD 28 million worth of net profits

    KUWAIT, May 4 (KUNA) -- Kuwait Telecommunications Company (STC) declared on Saturday posting net profits amounting to KD 8.8 million (USD 28.6 million) with profitability per share standing at nine fils during the first three months of 2024, as compared to the KD 8.2 million (USD 26.6 million) earned in the same period of 2023 (8 fils per share).

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  • Canton Fair lures entrepreneurs, business people from various corners of the world

    Photo feature Guangzhou, China, May 4 (KUNA) -- The Canton Fair or China Import and Export Fair is a trade fair held in the spring and autumn seasons each year since the spring of 1957 in Canton (Guangzhou), Guangdong, China.

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  • Boeing’s Starliner finally ready for first crewed mission

    CAPE CANAVERAL, United States: Launch day is finally here: Boeing’s Starliner capsule blasts off Monday to the International Space Station on its first crewed mission—several years after SpaceX first achieved the same milestone.

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  • NBK unveils a new package of services, enhancements on mobile banking app

    KUWAIT: As a trailblazer of digital banking, and keeping with its unwavering dedication to addressing customer feedback and meeting their requirements, National Bank of Kuwait (NBK) focuses on adding new products and services to its Mobile Banking App, which accounts for the major share of customers’ banking transactions, thanks to the rich digital experience enabling them to manage their accounts, and conveniently and securely conduct their transactions anytime, anywhere, 24/7 without the hassle of visiting branches.

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  • Microsoft announces $2.2bn AI, cloud investment in Malaysia

    KUALA LUMPUR: Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country’s AI infrastructure.

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  • US Fed keeps interest rates at 23-year high

    WASHINGTON: The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

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  • US trade gap wider than anticipated

    WASHINGTON: The US trade deficit was wider than analysts anticipated in March—hovering close to the biggest in nearly a year—with exports and imports both declining, according to government data published Thursday.

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  • OECD lifts 2024 growth forecasts

    PARIS: The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind.

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  • Philip Morris reports Q1 results, updates full year guidance

    DUBAI: Philip Morris International Inc (PMI) (NYSE: PM) announced its 2024 first-quarter results.

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