Kuwait

Kuwait and France celebrate upcoming 65th anniversary of diplomatic relations with new investment, cultural agreements

The documents were signed by Kuwait’s Foreign Minister and French Minister of Foreign Affairs

Why Kuwait is ready for an investment renaissance

Driven by substantial sovereign wealth and a young, educated workforce, Kuwait is rapidly diversifying its economy

Kuwait, Jordan ink six agreements focused on crucial areas like trade, tourism, and investment

Agreements further reached to enhance higher education, research, and student exchanges for academic collaboration 

Kuwait strengthens ties with India, Iraq with new MoUs to combat financial crime 

Deals aim to promote an environment of transparency and security in financial systems 

World Bank sees growth on the horizon in the GCC

The report highlights Oman’s fiscal consolidation as a noteworthy example despite it having one of the lowest projected growth rates in the region

GCC-listed companies attract $4.2 billion in foreign inflows in Q2 2025, highest since Q4 2022

Saudi Arabia led June inflows with $971 million, followed by the UAE, Kuwait, and Qatar 

Kuwait’s non-oil PMI sees record employment growth amid increasing new orders

The S&P Global PMI fell to 53.1, indicating solid improvement in Kuwait's non-oil sector

Kuwait introduces multinational entities tax expecting over $819 million in annual revenue

Multinational entities must register by September 30 to comply with the new tax regulations

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

Saudi Arabia to launch direct flights from Kuwait to Aseer Region this summer

The Saudi Tourism Authority announces direct flights starting July 15 and running through September

World Bank projects stronger medium-term growth across GCC economies

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

Kuwait, Austria strengthen financial cooperation with signing of Double Taxation Avoidance Agreement protocol

The agreement aims to stimulate investment and provide legal protection for investors in both nations 

Kuwait announces holiday date to celebrate Hijri New Year

The decision was made during the weekly Cabinet meeting led by Prime Minister Sheikh Ahmad 

Oil-funded growth or true diversification? Key metrics to watch in the GCC

Gulf economies show strong non-oil growth in 2024, but key indicators highlight the depth and sustainability of diversification efforts

GCC dominates Dubai Chamber exports in Q1 2025 with AED 40.5 billion in trade

Markets across the Middle East (non-GCC) came in second, with exports and re-exports totaling AED 25 billion

UAE and Kuwait enhance partnerships in AI, energy, transportation through strategic MoUs

Key sectors include oil and gas, social development, and infrastructure to support mutual goals 

Qatar and Kuwait sign agreement to avoid double taxation, promote investment

The deal establishes a legal framework for tax treaties to eliminate double taxation instances 

Kuwait, Japan elevate bilateral relations to comprehensive strategic partnership level

Both countries agreed to enhance cooperation across multiple sectors

Saudi Arabia, Kuwait announce first major oil discovery in North Wafra since mid-2020

Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day

Kuwait announces Eid al-Adha holiday dates for 2025

All state bodies will suspend operations from June 5 to June 9 for the holiday

GCC countries contribute over 35 percent of all emerging-market U.S. dollar debt in Q1 2025, Fitch reports

Primary market dollar issuance shows promise despite recent quietness in the GCC region

Kuwait begins merger process of state-owned oil firms KIPIC and KNPC

Kuwait seeks to gradually increase oil production capacity to 4 million bpd by 2035

Dubai, Abu Dhabi achieve top rankings in 2025 smart city index

AlUla in Saudi Arabia, Kuwait City in Kuwait, and Manama in Bahrain have emerged as notable contenders

Arab, Asian, and European stock markets recover, U.S. futures rise amid tariff turmoil

The Saudi TASI index rose by 1.8 percent at the start of trading