October 24, 2024

KFH sells 18.18 pct stake in Sharjah Islamic Bank

Kuwait Finance House (KFH), better known as Baitak, announced Thursday that the KFH Group’ entire stake in the UAE’s Sharjah Islamic Bank amounting to 588,304,755 shares of the bank’s total shares (representing 18.18 percent), has been sold.

The sta…

Kuwait Football Team down to 135 in FIFA ranking

Kuwait National Football Team moved down a spot in the FIFA monthly ranking to reach 135 worldwide, announced FIFA on Thursday.

According to the monthly ranking, the Kuwaiti team dropped down 5.2 points to score 1106.42 points in October opposed to …

The 2024 Qassim Rally kicks off

The 2024 Qassim Rally kicked off on Thursday in Saudi Arabia with the participation of 61 racers from 13 countries, including Kuwaiti contestant Abdullah Al-Shatti.

After the launch ceremony held in Buraydah, Al-Shatti expressed to KUNA his strong d…

Saudi Statistics: non-oil exports increased by 7.4 pct in Aug.

Saudi non-oil exports reached SAR 27.5 billion (USD 7.32 billion) in August 2024, compared to SAR 25.6 billion (USD 6.82 billion) in August 2013, up SAR 1.9 billion according to International Trade Bulletin, announced Saudi General Authority for Stat…

US issues memo to address AI hazards

The United States unveiled Thursday a memorandum to address national security risks posed by artificial intelligence, a year after President Joe Biden issued an executive order on regulating the technology.

The National Security Memorandum (NSM) see…