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stc hosts sports challenges under its strategic partnership with Flare Fitness this Ramadan

stc hosts sports challenges under its strategic partnership with Flare Fitness this Ramadan

Arab Times22-03-2025

KUWAIT CITY, March 22: Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling digital transformation in Kuwait, continued organizing initiatives this Ramadan under its strategic partnership with Flare Fitness for the 4th consecutive year. The initiatives included hosting the 'Your calories = internet' activity, and the Mishref Walkathon, a fitness challenge. stc's collaboration with Flare Fitness aligns with the objectives set under its 2025 Ramadan campaign as well as the Company's extensive corporate social responsibility (CSR) and sustainability frameworks, which aim to spread a positive impact in the community.
Through its collaboration, Flare Fitness organized several events throughout the Holy Month of Ramadan to engage with the community and encourage individuals to stay fit while supporting a good cause. One of the activities, titled 'Your steps equal Internet', encouraged participants to move their bodies and record as many steps as they could. In return, stc pledged to donate free data and voice lines to families in need based on the number of steps taken in collaboration with the Tarahom Volunteer team. Proven by its success in previous years, stc organized this initiative once again given its impact on participants and the meaningful support it provides to families in need, reinforcing the power of collective movement for a greater cause.
As part of the collaboration, stc sponsored the Mishref Walkathon, held from March 13th to 14th, which brought together fitness enthusiasts and families to promote an active lifestyle. The event encouraged participants of all ages to embrace an active lifestyle while enjoying a community-driven experience. Adding to the festivities, stc organized entertainment activities for children as they celebrated Gergean, creating a joyful environment filled with laughter, games, and the traditions of Ramadan during this time.
stc's collaboration with Flare Fitness throughout Ramadan reflects the Company's commitment to promoting a balanced and healthy lifestyle while emphasizing the importance of community engagement. By integrating fitness activities and giving back to those in need, stc continues to inspire individuals to stay active and support the community, aligning with the Company's broader objectives defined under its CSR and sustainability programs.
In a statement, stc thanked Flare Fitness and all the organizers who played a role in achieving the successful outcomes witnessed throughout all the initiatives. The Company highlighted that supporting the community in various ways, especially encouraging a well-balanced lifestyle is an essential aspect of life, especially during the Holy Month of Ramadan. Through these initiatives, stc aims to empower the community, especially the younger generation, by encouraging them to adopt positive habits that contribute to both physical and mental well-being.
As part of its 'With good, we go further' campaign, stc will continue to introduce various initiatives throughout the Holy Month of Ramadan that embody the values of physical and mental health, generosity, and social responsibility. These efforts aim to strengthen bonds with the community while creating opportunities for positive engagement that align with the essence of the Holy Month.

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Lulu Retail reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year
Lulu Retail reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year

Kuwait Times

time15-05-2025

  • Kuwait Times

Lulu Retail reports Q1 2025 revenue of $2.1 billion, up 7.3% year-on-year

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Kuwait real estate sales dip in Q1 25 after a strong 2024
Kuwait real estate sales dip in Q1 25 after a strong 2024

Kuwait Times

time07-05-2025

  • Kuwait Times

Kuwait real estate sales dip in Q1 25 after a strong 2024

KUWAIT: Real estate sales fell back in Q1 2025, albeit from strong levels at the end of last year and potentially affected by seasonal factors including the month of Ramadan and Al-Fitr holiday. Still, sales remained well above their levels in Q1 2024, supported by a solid performance in the investment segment. Meanwhile, the yearly decline in residential real estate prices slowed to its smallest since Q4 2023 hinting at signs of market stabilization, while investment segment prices edged higher. The overall market outlook for 2025 remains broadly positive, helped by the anticipated approval of the housing finance law, possible interest rate cuts, and with non-oil economic growth sustained at reasonable levels despite global economic headwinds. Property sales witnessed a broad-based quarterly slowdown in Q1 2025, softening from the strong levels recorded in Q4 2024 to KD 795 million. 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Indonesia growth slows in Q1 2025
Indonesia growth slows in Q1 2025

Kuwait Times

time05-05-2025

  • Kuwait Times

Indonesia growth slows in Q1 2025

SURABAYA, Indonesia: People attend a job fair organised by Airlangga University in Surabaya on April 29, 2025. -- AFP JAKARTA: Indonesia's economic growth slowed in the first quarter of 2025 as domestic consumption weakened, official data showed Monday. Southeast Asia's largest economy expanded by 4.87 percent in the first three months of the year, Statistics Indonesia said, the slowest since the third quarter of 2021 and down from the 5.11 percent growth recorded in the same period last year. Quarter-on-quarter, gross domestic product fell 0.98 percent. The archipelago's economic growth was largely supported by household consumption, the largest contributor to GDP expansion, as well as exports, Statistics Indonesia head Amalia Adininggar Widyasanti said. Household consumption was helped by holiday spending with Ramadan and the Eid Al-Fitr festival falling in March this year but still grew just 4.89 percent, down from 4.91 percent in the first quarter of last year. The government has targeted the economy to expand by 5.2 percent this year, and President Prabowo Subianto had set an ambitious goal of eight percent growth by 2029. Prabowo has introduced several controversial policies since he was sworn in last October, including free meal programs that critics said put a huge burden on state coffers and massive cuts to government spending, triggering student protests across the country. Economic activity is expected to weaken in the coming months on the back of sluggish exports, economists said. 'Indonesia is one of the least trade dependent economies in the region and we don't think Trump tariffs will have a huge direct impact on the economy,' Capital Economics senior Asia economist Gareth Leather said. 'Nevertheless, Indonesia will still feel the impact as the recent decline in commodity prices weighs on export earnings.' — AFP

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