Dubai real estate hits $17.3bn, UAE unveils AI school reforms, Saudi opens property to foreigners, Kuwait plans $32bn projects, and more GCC news …
‘Uproot all illegal shacks erected on Kuwait land’
As part of an ongoing effort to address unauthorized use of state-owned land, the Ministry of Interior, in collaboration with the Kuwait …
Turkey Wealth Fund secures backing from Kuwaiti-led group
State-backed Turkey Wealth Fund (TWF) has secured $600 million through a sharia-compliant facility from a banking group led by Kuwait Finance House (KFH). The sovereign wealth fund utilises Islamic …
Kuwait mulls controlled foreign property rights
However, implementing them in Kuwait requires careful analysis and a thorough review of existing legislation and local realities, particularly given Kuwait’s unique nature. The country has a …
Lebanese Finance and Energy Ministers sign decree ratifying World Bank loan law for electricity
Finance Minister Yassine Jaber announced that the Kuwait Fund for Arab Economic Development has expressed its intention to help repair projects damaged by the war, particularly the Litani River …
Kuwait energy future shines bright with new power-desalination giant
The total value of the expansion exceeds 1 billion Kuwaiti dinars (approximately $3.27 billion), according to KAPP Director General Mutlaq Al-Sanei, who told Reuters that the financial burden will be …
Kuwait to grant Saudi residents visa on arrival
This just in It’s just been announced that Kuwait will now begin to offer Saudi residents a visa upon arrival to the country at any port. The move comes after a new policy was announced Sunday by …
Kuwait PMI rises to 53.5 in July, signaling an improved business environment
The Purchasing Managers’ Index (PMI) for Kuwait rose to 53.5 in July, up from 53.1 in June, marking a notable improvement in the non-oil …
Inside Kuwait’s fire safety inspections
KUWAIT: Kuwait Fire Force is shutting down dozens of businesses each week as part of a sweeping crackdown on fire safety violations. The surprise inspections, now “significantly intensified” under …
Boursa Kuwait sees a 61.12% surge in its net profit for the first half of 2025
In a meeting of its Board of Directors on Tuesday, July 29, 2025, Boursa Kuwait announced that it recorded a net profit of KD 15.11 million for the firs …