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WASHINGTON: Acting Minister of Finance, Minister of Electricity, Water and Renewable Energy, and Minister of State for Economic Affairs and Investment Dr. Sabeeh Al-Mukhaizeem met with World Bank Vice President for the Middle East and North Africa (MENA) Ousmane Dione.During the meeting, Dr. Al-Mukhaizeem highlighted the importance of strengthening relations with the World Bank’s local office in Kuwait, especially following the appointment of a new office director. He stressed the need for the new director to possess the necessary expertise, knowledge, and flexibility to engage effectively with local entities, ensuring that the office’s presence delivers tangible added value.He also underlined…

WASHINGTON:  Minister of Electricity, Water and Renewable Energy and Acting Minister of Finance and Minister of State for Economic and Investment Affairs Dr. Sabeeh Al-Mukhaizeem participated late Wednesday in the meeting of Finance Ministers and Central Bank Governors of the Middle East, North Africa and Pakistan (MENAP).The meeting, held as part of Kuwait’s participation of the Annual Meetings of the World Bank Group and the International Monetary Fund in Washington, reviewed the latest regional and international economic developments as well as exchanged views on key global issues, including current economic challenges.The meeting also touched on policies focused on strengthening financial…

NEW YORK: The State of Kuwait reiterated its commitment to constructive cooperation with global partners to build a world free from poverty and hunger. This came in a statement delivered by Diplomatic Attache Rashid Farhan on Wednesday before the UN General Assembly’s second committee under the agenda items on poverty eradication, agricultural development, food security, and nutrition.Farhan warned that nearly 800 million people still live in extreme poverty, with children and youth making up 60 percent of the most affected populations, according to UN reports.He noted that about 350 million people in Africa alone face dangerous levels of food insecurity.…

Mohamed Salah has more goals (13) and goal involvements (19 – 13 goals, six assists) against United than any other player in Premier League history. Only five players have recorded 20+ goal involvements against a single opponent in the competition: Les Ferdinand (20 v Everton), Alan Shearer (21 v Everton, 21 v Leeds United), Frank Lampard (21 v Bolton Wanderers), Harry Kane (22 v Leicester City) and Wayne Rooney (23 v Newcastle United).Cody Gakpo has three Premier League goals versus United – his joint-most against a side in the competition – with all three strikes coming at Anfield.Liverpool are unbeaten…

 WASHINGTON: Acting Director General of Kuwait Fund for Arab Economic Development Waleed Al-Bahar affirmed the Arab Coordination Group’s (ACG) commitment to adopting effective strategies to meet future development requirements and global economic transformations.Speaking to KUNA during ACG’s 50th anniversary celebration in Washington D.C. late Wednesday, attended by Acting Finance Minister Dr. Sabeeh Al-Mukhaizeem, Al-Bahar congratulated Kuwait Fund for its role as a founding member in 1975. He emphasized the group’s vital contribution to stimulating economic growth and social progress in developing nations across the globe. Al-Bahar noted that the Fund continuously strives to enhance its collective development efforts in cooperation…

Erik ten Hag is the man who pushed Man United to sign Mason Mount from Chelsea in July 2023. So convinced was the Dutchman of Mount’s importance to the way he wanted to play that he still hasn’t shaken the belief that the midfielder’s unavailability during their time together at Old Trafford was one of the reasons Ten Hag eventually got the sack.Mount was able to start only seven Premier League games in almost 15 months for Ten Hag. The former United boss still thinks — nearly a year on — that things might have been different had he been…

KUWAIT: 1969:  A higher committee for structural planning and mega construction projects was established and chaired by Crown Prince and Prime Minister Sheikh Jaber Al-Ahmad Al-Sabah. The committee’s mandate was to study and approve state projects.1988: Kuwait Amir Sheikh Jaber Al-Ahmad Al-Sabah signed a decree to establish the Ministry of Higher Education for graduate studies and scientific research.1994:  UN Security Council unimously approved resolution 949 which condemned advancement of Iraqi forces towards borders of the State of Kuwait. The Council called for immediate and full withdrawal of these forces to their original positions.1998: Kuwait stock exchange became member of the…

The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | ReutersTaiwan Semiconductor Manufacturing Co. on Thursday reported a 39.1% increase in third-quarter profit from last year, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong.Here are the company’s results versus LSEG SmartEstimates:Revenue: 989.92 billion New Taiwan dollars ($33.10 billion) vs. NT$977.46 billion expectedNet income: NT$452.3 billion, vs. NT$417.69 billion TSMC’s revenue in the September quarter rose 30.3% from a year ago to NT$989.92 billion, also beating estimates. Net income increased 13.7% from last quarter, which had marked a…

HA LEJONE, Lesotho (AP) — In the snow-topped mountains of Lesotho, mothers carrying babies on their backs walk for hours to the nearest health clinic, only to find HIV testing isn’t available. Centers catering to the most vulnerable are shutting their doors. Health workers have been laid off in droves. Desperate patients ration or share pills.This Lesotho was unimaginable months ago, residents, health workers and experts say. The small landlocked nation in southern Africa long had the world’s second-highest rate of HIV infections. But over years, with nearly $1 billion in aid from the United States, Lesotho patched together a…

KALSOY ISLAND, Faroe Islands (AP) — While once the Faroe Islands might have slipped under the radar, more tourists than ever are arriving on the remote archipelago in the north Atlantic. According to Statistics Faroe Islands, a record 94,954 check-ins occurred last year at hotels, hostels and guesthouses.That’s relatively small for a European destination, but authorities are already thinking about how to protect the windswept 18 islands from the tourism pressure that has led to backlash elsewhere.Like Greenland, the Faroes are a self-governing territory of Denmark. So far, U.S. President Donald Trump has expressed no public interest in taking control…