Business

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…

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…

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…