Current Affairs May 2022

Kuwait to build world's largest petroleum research centre

Kuwait to build world’s largest petroleum research centre

Kuwait plans to start building the world’s largest petroleum research centre by the end of the year, the oil ministry said on Twitter on Wednesday. The Middle East Economic Digest said the project had stalled because of budget pressure, estimating its cost at $120 million. The research centre will have 28 laboratories and built in al-Ahmadi, south of Kuwait City. The project will […]

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IRDAI Established Committees to Recommend Changes to Insurance Industry

IRDAI Established Committees to Recommend Changes to Insurance Industry

Insurance Regulatory and Development Authority of India (Irdai) has formed various committees through the General Insurance Council (GIC) to suggest reforms in several areas of general, reinsurance and life insurance such as regulation, product, distribution, among others. According to a GIC spokesman, these panels include leaders of private and public sector insurance companies, members of Irdai, and

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Fortune 500 list: Elon Musk, world’s richest man, was 2021’s highest paid CEO

Fortune 500 list: Elon Musk, world’s richest man, was 2021’s highest paid CEO

The world’s richest person also received the highest CEO compensation in 2021. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune‘s new list of the most highly compensated CEOs on the Fortune 500.  In 2021, Musk “realized” compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear “moonshot” grant. That was—by far—the biggest CEO

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'Triangle of Sadness' wins the Palme d’Or at 75th Cannes Film Festival

‘Triangle of Sadness’ wins the Palme d’Or at 75th Cannes Film Festival

‘Triangle of Sadness’ directed by Ruben Ostlund has won the Palme d’Or at the 75th Cannes Film Festival for the second time. Earlier, he had received the cinema’s most prestigious prizes for his movie ‘The Square’ in 2017. Indian filmmaker Shaunak Sen has won the ‘L’Oeil d’Or’ award for his documentary ‘All That Breathes’. “A Night of Knowing Nothing” directed

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