Month: May 2023

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Kuwait scouts is keen on partaking at Arab forums – official

The Kuwaiti Scouts Association (KSA) is eager to take part in the forums held at the Arab countries as they have a key role in enhancing bonds of cooperation among Arab youth, KSA board of directors’ member Najm Abdullah said Monday.

Speaking to KUNA in a statement on the sidelines of the Arab scouts forum in Morocco, Abdullah said this participation helps cement the value of voluntary action, tolerance and coexistence among different societies.

Taking part in such forums is based on “our faith in the importance of noble goals and principles” aiming to build individual’s personality to help his/her society, he said.

The forum, which includes 350 persons representing different Arab scouts associations, has several purposeful activities and workshops, he Abdullah.

Being held under the patronage of Morocco’s King VI Mohammad, the forum kicked off Saturday and will run until May 5

Source: Kuwait News Agency

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Morgan acquires most assets of First Republic

JP Morgan Chase bank has acquired most stakes of the failing First Republic Bank that became the latest of the banks that failed to secure assets of the depositors.

JM Morgan Chase CEO Jamie Dimon said in a statement that his bank acquired the substantial majority of assets and assumed the deposits, insured and uninsured, of First Republic from the Federal Deposit Insurance Corporation, the independent government agency that insures deposits for bank customers.

“Our government invited us and others to step up, and we did the deal that is also a good one for our bank’s shareholders,” he said.

A Treasury Department spokesperson said, “Treasury is encouraged that this institution was resolved with the least cost to the Deposit Insurance Fund, and in a manner that protected all depositors,” “The banking system remains sound and resilient, and Americans should feel confident in the safety of their deposits and the ability of the banking system to fulfill its essential function of providing credit to businesses and families

Source: Kuwait News Agency

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Kuwait Crown Prince decrees parliament dissolution

His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah on Monday issued a decree dissolving the National Assembly, citing respect for the Constitution and the Kuwaiti people’s will.

His Highness the Crown Prince Sheikh Mishal noted in the proclaimed decree that he took the move to safeguard Kuwait’s higher interests and its independence amid regional and international economic developments and for sake of attaining prosperity and progress for the citizens.

The decision has been taken, he indicated in the decree, because of the need to refer to the nation, the source of powers, so they (the Kuwaiti people) may decide to choose their representatives for administering State affairs and attaining the aspired objectives.

He affirmed dissolution of the National Assembly on the basis of a presentation by the prime minister after the cabinet approval.

The prime minister, ministers and other concerned party must implement this decree, effective as off the time of its issuance, he stated. It is to the published in the official Gazette.

The declaration by His Highness the Crown Prince came shortly after the cabinet blessed the parliament dissolution and referred the decree in this respect to His Highness the Crown Prince for endorsement

Source: Kuwait News Agency

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Arab ministers conclude meeting on Syria

Arab foreign ministers who held a meeting in Amman affirmed priority of resolving the Syria’s crisis through a political settlement that would safeguard its sovereignty and meet the people’s aspirations.

The call came in the final statement of the meeting that grouped foreign ministers of Jordan, Saudi Arabia, Iraq and Egypt. It was a follow-up to a gathering that comprised foreign ministers of the GCC states with their peers from Jordan, Iraq, Egypt on Syria, held in Saudi Arabia on April 14.

The ministers in the end of the freshly-concluded meeting in Amman called for creating proper conditions for safe and voluntary return of the Syrian refugees to their homeland, ridding Syria of terrorism, withdrawing all illegitimate foreign forces from the country and achieving national conciliation.

The final statement indicated that there would be more meetings at this level in the future to work on attaining the objectves outlined in the Security Council Resolution 2254

Source: Kuwait News Agency

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Group of leaders, scholars guides visit fighters stationed at Serwah front in Marib

A number of leaders, scholars and guides visited on Monday the stationed members of the Third Military Region in the Serwah front in Marib governorate on the occasion of Eid Al-Fitr.

The visitors praised the positions of the stationed fighters and the people of Marib governorate, who are still at the forefront of the ranks in defense of the country and in support of the battle of liberation from tutelage and subordination, and in confronting the brutal aggression.

For his part, the governor of Marib, Ali Muhammad Ta’iman, welcomed the visiting delegation of scholars to the military region members stationed in the fields of glory, dignity and battlefields, noting the positions of the scholars, their courage and their witnessed roles in confronting the aggression.

Source: Yemen News Agency

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PM congratulates Yemen’s workers on International Workers’ Day

The Prime Minister, Dr. Abdulaziz Saleh bin Habtoor, expressed on Monday his warm congratulations to Yemeni workers, men and women, in various work and production sites, on the occasion of International Labor Day.

In the cable he sent to the leadership of the General Federation of Yemeni Workers, the Prime Minister praised the great efforts of all employees of the administrative units, male and female workers in all factories, farms and production fields in the capital Sana’a and all governorates.

Dr. bin Habtoor noted that the steadfastness of employees in public service units and workers in the face of aggression and siege, despite the transfer of the functions of the Central Bank to Aden branch, is among the great positions of this broad social sector that would be immortalized in national history with pride.

He also affirmed the government’s keenness to strengthen aspects of partnership between the three work parties in a way that serves the legal rights of workers and fulfills them at all levels.

Source: Yemen News Agency