Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of diplomatic moves by Tehran as it seeks to reduce its isolation, improve its economy and project strength. He discussed "bilateral relations and ways to enhance cooperation" with UAE President Sheikh...

Kuwait City, Kuwait-- Kuwait's Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah urged parliament members to focus on reforms "for the sake of Kuwait" with objective of meeting aspirations of citizens to achieve prosperous future. "We are facing a new phase" during which MPs should focus on reforms, a phase full...

Kuwait - Kuwait on Sunday formed a new government led by the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah. The Deputy Amir, Sheikh Mishal Al-Ahmad Al-Jaber AlSabah signed a decree approving the new a 15-member government line-up.  The Gulf Arab state also named a new defence minister, Sheikh Ahmad...

Baghdad, Iraq - The Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ alliance have succeeded in achieving stable oil price that will benefit member states and oil industry, Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud said Friday. The Saudi minister made the statement during a celebration hosted in...

Kuwait-- Kuwait has urged European states to facilitate the granting of Schengen visas for Kuwaiti citizens. The call was made by Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah who received at a luncheon several European ambassadors, heads of diplomatic missions and charge d'affaires serving in Kuwait. The minister called upon...

GCC authorities, however, acknowledge the accompanying challenges and are developing regulations to enhance digital banking experiences. A key requirement is that Cloud Service Providers must reside in their service regions, overcoming which could significantly expand regional financial services and mark a new phase in GCC's financial evolution.

Lawmakers from opposition won 29 of the 50 seats up for grabs in the election, according to results announced by the official Kuwait News Agency. The vote on Tuesday came after Kuwait's constitutional court in March annulled the results of last year's election -- in which the opposition made significant...

"We consider today an important day in the relations of the Islamic Republic of Iran and the Kingdom of Saudi Arabia," Iranian Deputy Foreign Minister Alireza Bigdeli told a flag-raising ceremony. "The cooperation between the countries is entering a new era."

Polls opened on Tuesday in Kuwait's seventh general election in just over a decade, following repeated political crises that have undermined parliament and stalled reforms. More than 793,000 eligible voters will have the chance to determine the make-up of the 50-seat legislature in the Gulf state.

The oil-rich country suffers from constant stand-offs between elected lawmakers and cabinets installed by the reigning Al-Sabah family. The opposition is taking part in Tuesday's vote in which 207 candidates, including 13 women, are standing, the lowest number of candidates in a legislative election since 1996.

"While commemorating 75 years since the crisis, we remember with sorrow the crime against humanity the Palestinian people faced in 1948, when hundreds of thousands were forcefully displaced and were forced to stay away from their land and home for over seven decades," AlBannai adds

Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which the opposition had made gains, Reuters reported.  The court rejected an appeal against this decision, which was filed by members of the 2022 parliament who argued that the court had...

The new envoy, Alireza Enayati, previously served as Iran's ambassador to Kuwait, assistant to the foreign minister and director general of Gulf affairs at the foreign ministry, the English-language Iran Daily said. There was no immediate confirmation of his appointment from the foreign ministry of the Islamic republic.

Kuwait: Tanishq from the House of Tata is showcasing its range of gold and diamond jewellery at the Gold and Jewellery in Kuwait City taking place from 24-29 May at Kuwait International Fairs Ground. An important platform for designers, global jewellery retailers, wholesalers, and suppliers, the highly regarded annual event...

The GCC is the third largest source of foreign investment in Turkey, with 1,973 Gulf companies currently operating in the country.

This amounts to cash dividend of 54 percent (54 fils per share)

Kuwait City, Kuwait – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, announced on Monday that it had been awarded a long-term contract by the Kuwait Ministry of Electricity & Water & Renewable Energy to optimize the performance of the Sabiya power and water distillation station and boost...

Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to the latest data released by the Islamic Republic. According to Iran Customs Administration, the Islamic Republic traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with...

Kuwait City, Kuwait--The Central Bank of Kuwait (CBK) has announced the latest allocation of issuance of bonds and tawarruq valued at $1.05 billion. In a statement, the CBK said that the value of the first issuance amounted to KD 160 million (about USD 528 million) for three months with a...

Kuwait City, Kuwait -- At least 31 Kuwaitis have filed candidacy papers for Kuwait's National Assembly election set to take place on June 6.  The candidates presented their documents to the election affairs department affiliated with the Ministry of Interior on Saturday, bringing the total number of candidates to 61,...

Kuwait City, Kuwait -- Dozens of candidates have submitted their candidacy documents for Kuwait's National Assembly election, set to take place on June 6.  At least 31 Kuwaitis presented their documents to the election affairs department affiliated with the Ministry of Interior on Saturday, bringing the total number of candidates...

The bank's return on assets improved marginally to 1 percent.

TRENDS Twitter poll suggests 48% candidates face discrimination during job recruitment process in the Gulf region, while 30% do not, and 22% remain unsure.

Since the beginning of 2023 alone, three digital and physical platforms have been launched by Qatar, Oman and Kuwait to facilitate investments by foreigners and the local private sector.

Seeing no way out of a political crisis that has prevented the country from having an effective government, Kuwait's emir has dissolved parliament on Monday and called a new general election. The wealthy Gulf state, the only nation in the region to have an elected government, remains mired in political...

Syria was suspended from the Arab League in 2011 over Assad's brutal crackdown of pro-democracy protests. But on Wednesday, in the latest sign of an easing in tensions with Damascus, Syrian Foreign Minister Faisal Mekdad arrived in Jeddah, the first such visit since the war began.

Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and Oman over the past two months. An Arab League summit is expected to be held in Riyadh in May.

Dubai, UAE -- Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Sabah has named Manaf Abdulaziz Al Hajri as minister for finance and minister of state for economic and investment affairs in the new cabinet announced Sunday. Most of the ministerial portfolios remain unchanged in the new cabinet, such as Bader Al...

Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling out of the banking crisis and the return of optimism to the markets, the price of the barrel was already showing signs of recovering," he noted.

The company announced Earnings Per Share of 10.1 fils.

Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total more than one million barrels per day -- the biggest reduction since the OPEC+ cut 2 million bpd in Oct. A Saudi official called it a measure "aimed at supporting...

Abu Dhabi, UAE - The AD Ports Group has launched a new weekly shipping service that facilitates commercial and logistic connectivity with Qatar and Kuwait. The services are likely to be free for cargo arriving via land transport throughout Ramadan, which will be shipped via container vessels between UAE’s Khalifa...

It suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, despite a parliamentary system in place since 1962.

Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched a new direct shipping service dedicated to Ro-Ro between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port. Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba,...

The ruling was made due to discrepancies in the decree dissolving the previous parliament, the official KUNA news agency said. The September polls were the most inclusive in a decade and saw opposition members take a parliamentary majority with 28 out of 50 seats.

Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and Ghana. The sites are being readied at ultra-modern ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity and resolve data latency, security...

Kuwait's government resigned on January 23, three months after it was sworn in, following disputes with lawmakers that have plunged the Gulf state into political paralysis. Kuwait's National Assembly is the only fully elected parliament in the Gulf but it has been fraught with repeated crises between the executive and...

The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest.

Abu Dhabi, UAE--- Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years to reach AED43 billion ($11.70 billion) by the end of 2022, compared to AED23.3 billion in 2013, according to UAE's Federal Competitiveness and Statistics Centre (FCSC). The FCSC data showed...

Munich, Germany--Kuwait Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah met High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell on the sidelines of the 59th Munich Security Conference. During the meeting, Sheikh Salem explained the stance of Kuwait on the issue of Schengen visa waiver...

Abu Dhabi, UAE--Abu Dhabi today announced the inauguration of the bilateral linkage of the traffic systems between the UAE and Kuwait. This came in a bilateral meeting held in Abu Dhabi between the delegations of the two countries, where Maj. Gen. Khalifa Hareb Al Khaili, Under-Secretary of the Ministry of...

Riyadh, Saudi Arabia--The Invest in Saudi Arabia forum, which will be held on Monday in Kuwait, will see the participation of the representatives of the private sector of both countries, major companies and government agencies. Saudi Arabia's Minister of Investment Khalid bin Abdulaziz Al-Falih will be visiting Kuwait to attend...

The budget deficit will swell to five billion dinars (more than $16 billion) for the year starting in April, up from the $10.3 billion predicted for the current fiscal year, the finance ministry said. Kuwait, a major oil producer and member of the OPEC cartel, has the Gulf's only fully...

Spending will rise by 11.7 percent to more than $86 billion, with 80 percent going on civil service wages and public subsidies.

The bank will pay 6 fils in cash and 6% in bonus shares.

Three months after it was sworn in, Kuwait's government tendered its resignation in the wake of disputes with lawmakers, plunging the oil-rich state into political paralysis. The country's National Assembly is the only fully elected parliament in the Gulf but it has been fraught with repeated crisis between the executive...

The Kuwait Central Statistical Bureau said that inflation rate rose 0.17 percent in December on a monthly basis.

The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute of International Finance report points out.

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...

BASRA, IRAQ - Iraq has apologized to its neighbor Kuwait after a scuffle in the VIP section prevented the Kuwaiti emir's representative from attending opening ceremonies at the Gulf Cup football tournament. Matches are taking place in the city of Basra, near Kuwait, as war-scarred Iraq hosts the regional event for...