Today in Kuwait history:

1979 — Kuwait Amir Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah sponsored a meeting held in Kuwait between the Yemeni leaders Ali Abdullah Saleh and Abdulfattah Ismail for supporting their country’s unity.1983 — Kuwait Amir Sheikh Jaber Al-Ahmad Al-Jaber…

1979 — Kuwait Amir Sheikh Jaber Al-Ahmad Al-Jaber Al-Sabah sponsored a meeting held in Kuwait between the Yemeni leaders Ali Abdullah Saleh and Abdulfattah Ismail for supporting their country’s unity.

1983 — Kuwait Amir Sheikh Jaber Al-Ahmad Al-Jaber al-Sabah issued a law establishing the Public Authority for Minors Affairs.

2008 — Al-Qadsiya won the 27th GCC volleyball clubs tournament.

2021 — The Kuwaiti water polo team won the silver medal in the second Asian tournament held in Kuwait. The Kazakh team bagged the gold trophy.

2021 — Interpellation process against His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah concluded without forwarding a non-cooperation motion.

2018 — Kuwait News Agency (KUNA) won Sharjah’s government contact award.

2018 — Kuwait motor complex was inaugurated with attendance of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

2021 — Kuwait diving and rescue team declared that the International Maritime Rescue Federation accepted Kuwait’s membership.

2021 — The Foreign Ministry declared that it received from the Iraqi Foreign Ministry the third batch f Kuwaiti properties and items of the national archive, stolen during the Iraqi occupation of the country in 1990.

Source: Kuwait News Agency

Briefing of KUNA main news for Thursday until 00:00 GMT

KUWAIT – Kuwait Bar Association celebrates 60th anniversary.RAMALLAH – Israeli forces kill Palestinian north of West Bank.ISTANBUL – Southern Turkiye hit by M5.3 quake.Source: Kuwait News Agency

KUWAIT – Kuwait Bar Association celebrates 60th anniversary.

RAMALLAH – Israeli forces kill Palestinian north of West Bank.

ISTANBUL – Southern Turkiye hit by M5.3 quake.

Source: Kuwait News Agency

US State Dept. approves possible military sale to Poland – Pentagon

WASHINGTON, March 16 (KUNA) – The US State Department has made a determination approving a possible Foreign Military Sale to Poland of AGM-114R2 Hellfire missiles and related equipment for an estimated cost of USD 150 million, the Pentagon announced Th…

WASHINGTON, March 16 (KUNA) – The US State Department has made a determination approving a possible Foreign Military Sale to Poland of AGM-114R2 Hellfire missiles and related equipment for an estimated cost of USD 150 million, the Pentagon announced Thursday.

The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today, the agency said in a statement.

The agency added that this proposed sale “will support the foreign policy goals and national security objectives of the United States by improving the security of a NATO ally that is a force for political stability and economic progress in Europe.” “The proposed sale will improve Poland’s military goals of updating capability while further enhancing interoperability with the United States and other allies,” the agency affirmed.

Meanwhile, White House Press Briefing by Press Secretary Karine Jean-Pierre told reporters during a briefing that the US was “informed” by Poland’s decision to provide fighter jets to Ukraine, becoming the first NATO member to do so.

“We continue to closely coordinate with our allies and partners, including Poland, as we provide assistance to Ukraine,” she said. (end) si.ibi

Source: Kuwait News Agency

US private banks pour 30 bln to save rival, banking system

WASHINGTON, March 16 (KUNA) — A consortium of 11 US private banks rushed Thursday to the rescue of the beleaguered rival San Francisco lender First Republic (FRC) with USD 30 billion of uninsured deposits.”This show of support by a group of large bank…

WASHINGTON, March 16 (KUNA) — A consortium of 11 US private banks rushed Thursday to the rescue of the beleaguered rival San Francisco lender First Republic (FRC) with USD 30 billion of uninsured deposits.

“This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system,” US Secretary of Treasury Janet Yellen, Federal Reserve Board Chair Jerome Powell, FDIC Chairman Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu said in a joint statement announcing the move and welcoming it.

This is an unusual joint effort from the private banks to save a rival and restore calm in the financial system following failures of three midsized lenders in the last week.

The infusion from 11 of the nation’s biggest banks, including JPMorgan Chase (JPM) and Bank of America (BAC), follows a steep drop in the shares of First Republic, which was the nation’s 14th-largest bank as of Dec. 31 with USD 212 billion in assets. (end) asj.ibi

Source: Kuwait News Agency