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The documents were signed by Kuwait’s Foreign Minister and French Minister of Foreign Affairs
Driven by substantial sovereign wealth and a young, educated workforce, Kuwait is rapidly diversifying its economy
Agreements further reached to enhance higher education, research, and student exchanges for academic collaboration
Deals aim to promote an environment of transparency and security in financial systems
The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region
Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar
The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector
Multinational entities must register by September 30 to comply with the new tax regulations
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
The Saudi Tourism Authority announces direct flights starting July 15 and running through September
The GCC's rebound is expected to be fueled by the phasing out of OPEC+ oil production cuts and continued expansion in non-hydrocarbon sectors
The agreement aims to stimulate investment and provide legal protection for investors in both nations
The decision was made during the weekly Cabinet meeting led by Prime Minister Sheikh Ahmad
Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts
Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion
Key sectors include oil and gas, social development, and infrastructure to support mutual goals
The deal establishes a legal framework for tax treaties to eliminate double taxation instances
Both countries agreed to enhance cooperation across multiple sectors
Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day
All state bodies will suspend operations from June 5 to June 9 for the holiday
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Kuwait seeks to gradually increase oil production capacity to 4 million bpd by 2035
AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders
The Saudi TASI index rose by 1.8 percent at the start of trading
