The US Federal Reserve slashed the targeted range of the benchmark interest rate, for the first time since March 2020, by 0.5 percent to 4.75 to 5 percent, prodded by the inflation’s progress towards the two-percent goal.

“In light of the progress o…

The Egyptian flag was raised alongside those of other countries at Bolivia’s Valley of the Moon to mark the strong relations between the two countries that date back to 64 years ago.

The flag was raised by Ambassador Hatem al-Nashar in a ceremony att…

The US Federal Reserve slashed the targeted range of the benchmark interest rate, for the first time since March 2020, by 0.5 percent to 4.75 to 5 percent, prodded by the inflation’s progress towards the two-percent goal.

“In light of the progress o…

In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait …

Japan and the United Arab Emirates (UAE) have decided to launch negotiations for a free trade agreement (FTA), Japanese Foreign Minister Yoko Kamikawa announced Wednesday. In a press conference, minister Kamikawa expressed hope of “concluding an ambi…

Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu announced that the plans to implement the development road project with Iraq are nearing completion, and that the project is expected to start at the beginning of next year.

Oralogl…

Kuwait’s trade surplus with Japan widened 15.0 percent from a year earlier to JPY 76.9 billion (USD 521 million) in August, up for the first time in two months buoyed by strong exports, government data showed on Wednesday.

Kuwait stayed in black ink…