Category Archives: Politics

Switzerland’s economics minister steps down

GENEVA, Switzerland Economic Minister Johann Schneider-Ammann announced on Tuesday his decision to step down from his position as economy minister.The outgoing minister and member of Switzerland's seven-member government executive known as the Federal...

Finance Minister stresses the need of economic reforms

KUWAIT, Kuwaiti Finance Minister Nayef Al-Hajraf stressed on Tuesday the importance of a planned economic reforms to activate the role of the private sector and "reduce government intervention in the economy." Al-Hajraf made his remarks in his opening...

IMF chief discusses “economic challenges” in Iran with Rouhani

WASHINGTON, Managing Director of the International Monetary Fund (IMF) Christine Lagarde met Monday in New York with Iranian President Hassan Rouhani during which they discussed "economic challenges" in Iran.Lagarde said in a statement following the m...

IMF chief discusses “economic challenges” in Iran with Rouhani

WASHINGTON, Managing Director of the International Monetary Fund (IMF) Christine Lagarde met Monday in New York with Iranian President Hassan Rouhani during which they discussed "economic challenges" in Iran.Lagarde said in a statement following the m...

Kuwait partakes in Malian President’s inauguration

KUWAIT, Representative of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and Kuwait's non-resident Ambassador to Mali Mohammad Al-Failakawi took part recently in the inauguration ceremony of Ibrahim Boubacar Keita as the President of Ma...

Kuwait condemns terrorist attack on Iran’s Ahvaz

KUWAIT, Kuwait's Foreign Ministry condemned on Saturday the deadly assault on a military parade in the Iranian city of Ahvaz that killed and wounded several of innocent people.An official source at the ministry said that Kuwait condemned the attack,

EU countries lose 150-bln euro in Value-Added Tax (VAT) revenues

BRUSSELS, EU countries lost almost 150 billion euro (USD 175 billion) in Value-Added Tax (VAT) revenues in 2016, according to a new study published Friday by the European Commission.The so-called 'VAT Gap' shows the difference between the expected VAT...

Security operations kill 62 insurgents across Afghanistan

ISLAMABAD, Around 62 insurgents have been killed and another 17 wounded during security forces' operations in various provinces of Afghanistan over the past 24 hours, said Afghan Ministry of Defense (MoD) on Thursday.Afghan MoD in a statement said tha...

Kuwait bourse ends Tuesday’s trading on mixed boards

KUWAIT, Boursa Kuwait ended trading Tuesday on mixed boards as the Premier Market Index dropped 6.75 points to reach 5,339.18 points.The Main Market Index rose 4.03 points to reach 4,748.11 points. whereas All Share Market Index went down by

Growth in UK “moderated” since 2016 EU referendum – IMF

WASHINGTON, The International Monetary Fund said Monday that despite "strong policy frameworks and implementation," growth in the United Kingdom has "moderated" since the June 2016 European Union referendum.In a report, the IMF said that "above-target...