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  • Saudi Arabia, the UAE, and Kuwait’s Firm Commitment to Electrification and Sustainability

    As part of its Vision 2030 sustainability goals, Saudi Arabia plans to phase out the sale of gasoline-powered cars by 2035 and build thousands of EV charging stations, in cooperation with the private sector, during the intervening period. 500 charging stations have already been installed. A fledgling EV manufacturing sector is already developing in the desert kingdom, with luxury EV manufacturer LUCID constructing an assembly plant in Saudi Arabia. Ceer, the producer of the nation’s first “Made in Saudi” EV, aims to contribute $8 billion to the economy by 2034. The Kingdom, in addition, is investing over $20 billion in renewable energy projects.

  • How the Dorra gas field could disrupt warming relations between Iran, Saudi Arabia, and Kuwait

    Iran’s territorial claims have been audacious, to say the least. While the country’s maritime borders with Kuwait remain in limbo, Tehran hasn’t hesitated to claim its stake. Some Iranian legislators tout a 40 percent share of the field, while state media outlets speculate figures as high as 70 percent. On the other hand, Saudi Arabia and Kuwait, with their demarcated borders, maintain they hold exclusive rights over the Dorra field. This divergence has been a significant obstacle to a resolution.

  • How the Dorra gas field could disrupt warming relations between Iran, Saudi Arabia, and Kuwait

    Iran’s territorial claims have been audacious, to say the least. While the country’s maritime borders with Kuwait remain in limbo, Tehran hasn’t hesitated to claim its stake. Some Iranian legislators tout a 40 percent share of the field, while state media outlets speculate figures as high as 70 percent. On the other hand, Saudi Arabia and Kuwait, with their demarcated borders, maintain they hold exclusive rights over the Dorra field. This divergence has been a significant obstacle to a resolution.

  • Kuwait has deported over 100 expats every day of 2023 so far: Report

    Kuwait has deported over 25,000 expats between January and August 19, 2023, averaging 108 individuals a day. This massive deportation effort primarily targets those found guilty of violating residence and labour laws, in line with directives from the First Deputy Prime Minister and Minister of Interior, Sheikh Talal Al Khaled.

  • Kuwait’s economic recovery faces ‘substantial’ risks – IMF

    Kuwait's economic recovery is ongoing but risks to the oil producer's outlook "remain substantial" and gridlock between the government and parliament continues to delay reforms, the International Monetary Fund said on Wednesday. The IMF's executive board, in an assessment following "Article IV" consultations with the Kuwaiti government, said real gross domestic product (GDP) is seen slowing to just 0.1% this year after 8.2% growth in 2022, mainly due to oil production cuts.

  • Saudi Arabia’s Jadwa buys 35% of Kuwait’s Gissah Perfumes ahead of IPO

    Saudi private equity firm Jadwa Investment bought a 35 per cent stake in Gissah Perfumes ahead of the fragrance company’s planned initial public offering. The investment, through Jadwa’s Retail Opportunities Fund, will enable Gissah to further solidify its market position and enhance business performance, Gissah CEO Bashar Al-Ameer said in a statement. -ADVERTISEMENT- Ads by The firm, founded in Kuwait, plans to relocate to Saudi Arabia ahead of an IPO on the kingdom’s main market. It currently operates from 80 stores in 25 cities across Saudi Arabia, Kuwait, the UAE and Bahrain.

  • Barbie faces bans in Kuwait and Lebanon for ‘promoting homosexuality’

    Kuwait has banned blockbuster film Barbie, with Lebanon moving to do the same, amid claims the movie contradicts religious values. The film, which has grossed more than $1 billion at the global box office, was set to open across the Middle East on Thursday.

  • Kuwaiti foreign minister invited to Iran amid tensions over gas field

    Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions simmer over the offshore Durra gas field. Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake and says a Saudi-Kuwaiti agreement to develop it, signed last year, is illegal. Saudi Arabia and Kuwait reaffirmed on Thursday that they jointly own rights to natural resources in the field, renewing calls for Iran to negotiate on the demarcation of the eastern border of the Gulf's maritime "Divided Area". They say they want to negotiate with Iran together, as one party.

  • Perspective: Iraq’s invasion of Kuwait and its profound impact on the Gulf

    More representative bodies, the enfranchisement of women, and the normalising of civic action were some of the reforms Gulf states adopted following Kuwait's liberation

  • Saudi Arabia and Kuwait reaffirm exclusive ownership of natural resources in Al-Durra gas field

    Saudi Arabia and Kuwait on Wednesday reaffirmed that ownership of the natural resources in the divided submerged area in the Arabian Gulf, including the entire Al-Durra field, is joint ownership between the two countries. The Kingdom’s Ministry of Foreign Affairs announced that Saudi Arabia and Kuwait “exclusively have full sovereign rights to exploit the wealth in that area.” The two countries also renewed “their previous and repeated calls” to Iran to negotiate the eastern border of the submerged area divided between Saudi Arabia and Kuwait as one negotiating party, and the Iranians as another party, in accordance with the provisions of international law and the principles of good neighborliness, the ministry added in a statement.