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Author: Web Desk

Al-Ahli Bank of Kuwait achieves KD 29 mln net profits in H1 2024

Al-Ahli Bank of Kuwait announced on Saturday that it achieved net profits of KD 29.06 million (around USD 95.8 million) in the first half of 2024, a growth of 22 percent year-on-year, with earnings per share at 12 fils. The Al-Ahli Bank Group said in …

US to invest USD 400 mln in semiconductor manufacturing

The US Department of Commerce said Friday that it signed a non-binding preliminary memorandum of terms (PMT) with Amkor Technology, Inc., to provide up to USD 400 million in proposed direct funding under the CHIPS and Science Act.

President Biden sig…

Biden, King Abdullah II discuss Gaza ceasefire

US President Joe Biden and King Abdullah II of Jordan discussed the situation in Gaza Strip, including the ceasefire deal and increasing humanitarian aid.

In a statement late Friday, the White House said the two sides also discussed in a phone call t…

Egypt takes part in four-party meeting on Gaza

An Egyptian security delegation will meet their peers from Qatar, the United States and Israel in Rome on Sunday to discuss the prospects of a deal on cessation of hostilities in Gaza Strip.

The planned four-party meeting falls in the framework of th…