Kuwait Amir congratulates Cape Verde on Independence Day
diwan
05/07/2025 LOC09:17 06:17 GMT
KUWAIT, July 5 (KUNA) -- His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah sent Saturday a cable of congratulations to Cape Verde President Jose Maria Neves on the occasion of his country's Independence Day.
In the cable, His Highness the Amir wished the President everlasting health and further progress and prosperity for his country and its friendly people. (end) mt
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab Times
an hour ago
- Arab Times
Safe-haven gold rockets to KD 32.89 in Kuwait
KUWAIT CITY, July 6: Global gold prices witnessed a significant increase at the close of the first week of July, with the price of an ounce reaching $3,337, driven by intertwined economic and political factors that pushed investors toward gold as a haven. According to a report issued on Sunday by Dar Al- Sabaek Company in Kuwait, precious metals prices reflected global movements in the local market. The price of 24-karat gold reached KD 32.890 (about $107), 22-karat gold was priced at KD 30.150 per gram (roughly $98), and the price of one kilogram of silver remained steady at KD 407 (around $1,329). For reference, the ounce (troy ounce), also called 'awqiya', is a unit of mass used in measuring precious metals. It equals 28.349 grams in general measurement, but 31.103 grams specifically when measuring precious metals. The report explained that growing concerns over the expanding U.S. fiscal deficit played a key role in boosting gold prices. This followed the U.S. House of Representatives' approval of a tax cut and spending expansion package proposed by President Donald Trump's administration. The package is expected to increase public debt by more than $3.4 trillion over the next decade, according to estimates by the Congressional Budget Office and the Joint Committee on Taxation. This development weakened the U.S. dollar's performance, prompting investors to increase gold holdings as protection against market volatility and the reduced purchasing power of the US dollar. The report also highlighted the rising trade tensions after President Trump announced plans to issue formal notifications to several countries about new tariffs, which could potentially reach 70 percent, set to take effect in early August. This move stirred investor fears of a further deterioration in the global trade environment. Without trade agreements by July 9, this escalation could trigger a wave of retaliatory tariffs from nearly 100 countries, according to U.S. Treasury Secretary statements. The uncertainty bolstered gold's appeal as a hedge during this turbulent period. In addition, the U.S. dollar index dropped to 97 points against major currencies, providing extra support to gold prices. Reduced liquidity in U.S. markets due to the Independence Day holiday helped ease selling pressure during the week's final sessions. However, positive U.S. labor market data slowed gold's rise. saw an addition of 147,000 jobs, and the unemployment rate fell to 4.1 percent, reducing expectations of an immediate interest rate cut by the Federal Reserve. The report also noted that 10-year U.S. Treasury yields climbed to 4.338 percent, exerting further pressure on gold prices in recent sessions. Despite the U.S. market holiday, gold remained sensitive to economic and political developments amid declining risk appetite and investor anticipation of upcoming monetary policy decisions from central banks worldwide. Markets now await the release of the minutes of the Federal Open Market Committee (FOMC) meeting, weekly U.S. jobless claims data, and monetary policy announcements from several major central banks worldwide (KUNA)
Kuwait Times
an hour ago
- Kuwait Times
Kuwait-Egypt ties hailed as model of Arab cooperation
Kuwait's Minister of Municipal Affairs and Minister of State for Housing Affairs Abdul Latif Al-Mashari with Egypt's Ambassador to Kuwait Osama Shaltout. - KUNA KUWAIT: Egyptian Ambassador to Kuwait Osama Shaltout on Thursday described Egyptian-Kuwaiti relations as a model of Arab cooperation rooted in mutual respect and shared interests. Speaking during a reception hosted by the Egyptian Embassy to mark the 73rd anniversary of the July 23, 1952 Revolution, Shaltout highlighted the depth of bilateral ties and ongoing efforts to strengthen cooperation across various sectors. The event was attended by Kuwait's Minister of Municipality and Minister of State for Housing Affairs Abdullatif Al-Meshari, along with senior officials and members of the diplomatic corps in Kuwait. Shaltout pointed to the significant development witnessed in multiple areas of cooperation between the two countries, crowned by the historic state visit of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah to Egypt in April 2024. He described the visit as a pivotal moment in reinforcing the strong and strategic partnership between Kuwait and Egypt. Reflecting on the significance of the July 23 Revolution, Shaltout said the movement marked a turning point in Egypt's modern history, laying the foundations for national independence, sovereignty, and comprehensive development. He added that the revolution also inspired liberation movements throughout the Arab world and Africa. The ambassador expressed his appreciation to the government and people of Kuwait for their warm hospitality and support during his tenure, reaffirming Egypt's commitment to advancing bilateral collaboration in ways that benefit both nations and further strengthen the bonds between the Egyptian and Kuwaiti peoples. — KUNA
Kuwait News Agency
4 hours ago
- Kuwait News Agency
Kuwait, Syria FMs tackle ties, regional happenings
A+ A- Politics 06/07/2025 LOC17:00 14:00 GMT KUWAIT, July 6 (KUNA) -- Kuwaiti Minister of Foreign Affairs Abdullah Al-Yahya on Sunday contacted his Syrian counterpart Asaad Al-Shaibani. During the phone conversation, they discussed firm fraternal relations between Kuwait and Syria and their brotherly peoples, ways and means of further promoting them, and the latest regional and international developments, the Ministry of Foreign Affairs said in a press release. (end)
