October 28, 2025

Amazon to Lay Off 14,000 Corporate Employees Amid AI Expansion

Kuwait city: Amazon announced Tuesday plans to cut 14,000 corporate positions, marking its largest round of layoffs in years, as part of efforts to streamline operations and expand investment in artificial intelligence (AI).

According to Kuwait News…

Gulf Bank Reports KD 38.4 Million Profit, 19.4% Q3 Growth

Kuwait city: Gulf Bank K.S.C.P. announced Tuesday a net profit of KD 38.4 million for the first nine months ending September 30, 2025, compared to KD 40.2 million for the same period in 2024. The Bank stated that the results reflect a decrease of KD 1…

China and ASEAN Sign Upgraded Free Trade Agreement in Kuala Lumpur

Kuala lumpur: China and the Association of Southeast Asian Nations (ASEAN) signed an upgraded free trade agreement on the sidelines of the 28th ASEAN-China Summit held in Kuala Lumpur. The ASEAN-China gathering was part of the agenda of the 47th ASEAN…

Saudi PIF Governor: USD 250 Billion Deals Sealed Since FII Launch

Riyadh: Governor of the Public Investment Fund (PIF) and Aramco Chairman Yasir Al-Rumayyan announced Tuesday, that deals exceeding USD 250 billion were concluded since the launch of the Future Investment Initiative (FII), reflecting its global economi…