Saudi Arabia and the UAE have supplied around 80 percent of Japan's oil demand for the month of June, followed by Qatar and Kuwait with 14 percent each, taking Arab share to 94.7 percent.

Secretary-General of the Malaysian Foreign Ministry said Kuwait is an important partner in oil explorations sector, urging closer investment relations between both the countries.

While Saudi apex bank has raised its repurchase rate by 75 bps to 3%, and its reverse repo rate by a similar margin to 2.50% to restore price stability and fight inflation. The central banks in the UAE, Qatar and Bahrain also raised their rates to 2.4%, 3% and 3.25%,...

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

US President Joe Biden told Arab leaders on Saturday that Washington would remain fully engaged in the Middle East and would not cede influence to other world powers. "We will not walk away and leave a vacuum to be filled by China, Russia or Iran," Biden said during the Jeddah...

Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed instructions of local authorities and leave the country as soon as possible. In a press statement on Saturday, the ministry also advised nationals who are planning to travel to Sri...

75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills.

The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.

The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuwaiti media that the number of the awarded tenders has been mounting on an annual basis, but due to the impact of coronavirus pandemic, only 98...

Under the new visa scheme, all GCC residents with a valid resident and work visa issued by the UAE, Bahrain, Kuwait, Oman, and Qataris immigration authorities will be allowed entry into Saudi Arabia for business, tourism, and Umrah purposes, with the exception of Hajj – the annual Islamic pilgrimage.

Kuwait's oil ministry project digitalized the country's oil archive making all documents, photos, books and magazines easily accessible

Jordanian Crown Prince Al Hussein bin Abdullah II discussed bilateral ties with Kuwaiti Crown Prince Sheikh Meshal Al Ahmad Al Jaber Al Sabah on Tuesday.

The Agency for Natural Resources and Energy in Tokyo.reported that the amount of crude oil that Japan imported during that month amounted to 87.59 million barrels.

Gulf countries, including Saudi Arabia, on Sunday condemned remarks about the Prophet Mohammed made by top officials in India's ruling party that were described as "Islamophobic". The remarks by a spokesperson for Indian Prime Minister Narendra Modi's party last week were blamed for clashes in an Indian state.

Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted.

Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games during November and December, Qatar Airways CEO Akbar Al Baker tells TRENDS.

Kuwait's export of crude oil to Japan has climbed 7.6 percent to 6.61 million barrels, or 220,000 barrels per day (bpd), up for the second straight month, government data showed Tuesday. 

The two Gulf countries score high consistently on all seven parameters used to measure the status of an economy.

The policy also aims to increase the number of beneficiaries from the capacity building programmes and measure the efficacy of the youth projects.

Lebanese authorities on Sunday arrested a Saudi man at Beirut airport who attempted to smuggle 18.3 kilograms of the illegal stimulant Captagon out of the country, the interior ministry said. Lebanon's interior ministry said in a statement that the drugs were destined for Kuwait. The ministry added that the man...

The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive Council for the period 2022-2024. The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo, where also the memberships of the UAE,...

The winners for the 13th Legislative session in Kuwait's eight constituencies were announced Saturday on Kuwait State Television. The Judges announced 10 winners and members of the new municipal council, and they are: The winner in the first constituency is Hasan Kamal with 2,755 of the votes. The winner in...

Under the $125.23m contracts, a residential district will be built at Masaar.

The growth rate of Arab economies is expected to increase to around five percent in 2022 on the back of rising oil production and its prices in the international markets.

After the Fed Reserve raised interest rates to rein in the 40-year-high inflation, GCC members followed the suit as most of the region's currencies are pegged to the dollar.

Qatar has warned against the plans of the Israeli occupation authorities to approve about 4000 new settlement units in the occupied West Bank.

Kuwait’s Ministry of Public Works has announced it will be re-building five commercial centers across the country. Local media reports, citing Elham Al-Shammari, the engineer of the project for demolishing, rebuilding and maintaining five external centers for commercial licenses in the Ministry, said the centers will be located in five...

From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate sector, with the transactions touching $137.4 billion in 2021.

Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations, a statement said Wednesday. The Gulf allies will honour their deal, branded "illegal" by Iran, to develop the Arash/Dorra maritime gas field, the Saudi foreign ministry said.

Saudi Arabia and Kuwait have appealed to Iran to hold negotiations on demarcating the eastern boundary of the submerged Dorra natural gas field. Saudi Arabia and Kuwait affirmed their right to exploit the natural resources in the gas field.

UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.

Kuwait's long and short-term foreign and local currency sovereign credit ratings have been affirmed at 'A+/A-1' by Standard & Poor's Global Ratings agency with a negative outlook. "The negative outlook primarily reflects risks over the next 12-24 months relating to the government's ability to overcome the institutional roadblocks preventing it...

Kuwait's government resigned on Tuesday, three months after it was sworn in, state media reported, amid escalating disputes with parliament. The move comes a day ahead of a parliamentary vote on a letter of non-cooperation, which 10 lawmakers submitted against the premier.

The $125m deal includes engineering works for PAHW.

Women from different countries across the Arab world face different challenges based on their situations, Kuwaiti Princess Sheikha Intisar tells TRENDS in an interview.

Traditionally, many Muslim-majority countries have followed dates set by Saudi religious authorities, but in recent years many have used their own astronomic calculations.

Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal with the trash they generate.

The Central Bank of Kuwait has issued bonds and tawarruq for six months with an accumulated value of $792 million.

The port operator will develop a virtual trade corridor between the two countries.

Four Gulf Arab central banks followed in the footsteps of the US Federal Reserve and raised interest rates by a quarter percentage point for the first time since 2018.

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

Four of the six GCC members feature within the top 50 of the World Happiness Report, and are atop the rankings among the Arab countries.

Zain Saudi Arabia launched the largest 5G network in the region.

Kuwait’s Ministry of Education has said it will hire 1,000 non-Kuwaiti male and female teachers to fill the shortage in schools for the next academic year 2022-2023. Media reports said that an applicant must be a University graduate qualified to work in general education schools in 11 different specializations. The...

The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign investments.

However, Gulf countries have an interest in acting in coordination — both within OPEC, and with Russia-led allies in the OPEC+ group — to avoid a price war and keep control over the market.

The main reason for high inflation rates in the GCC is a rebound in prices in the sectors that were hit the hardest during the Covid-19 crisis. The global energy prices are also exerting significant pressure on the region.

The unprecedented panel is considered a model for reconciliation that could help resolve future conflicts if necessary.

Total revenue nearly doubles to reach $99.5m in 2021.