SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Kuwait weather warning as forecast approaches 50 degrees

    Yasser al Bloushi, the Head of the Marine Forecast division at the KMD, said that the country remained gripped with the Indian seasonal depression, coupled with very hot winds, northwesterly winds and light to moderate southeasterly winds, with sporadic dust. Temperatures on Thursday were forecast to reach 47 to 49 degrees and was expected to drop to 30 to 33 degrees at night.

  • Kuwait bans cryptocurrency and virtual assets transactions

    Kuwait’s supervisory authorities, including the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry, and the Insurance Regulatory Unit, have jointly issued circulars to address the use and recognition of virtual assets within the country. The circulars, reported by Al-Jarida daily, are in accordance with the recommendations set forth by the Financial Action Task Force (FATF) in Recommendation No. 15 to combat money laundering and the financing of terrorism.

  • Kuwait Plans New Sovereign Investment Fund to Boost Growth

    Kuwait plans to launch a new sovereign investment vehicle to invest in the local market and boost economic growth, according to the government’s latest work program. The Ciyada Development Fund, as the new vehicle is called, “aims at accelerating growth of the Kuwaiti economy and improving quality of life, and enhancing advancement in different fields of development, through strategic planning and effective execution of mega development projects,” according to the program, officially released on Sunday.

  • Saudi Arabia outranks US for expat life, Kuwait ranks worst

    Saudi Arabia was considered the 28th best country to live in as an expat and the United States ranked 30th, according to the Expat Insider 2023: The World Through Expat Eyes, by InterNations. Just south of the United States, Mexico topped the list as the most desirable place for expatriates to live globally, followed by Spain and then Panama. From the Middle East and North Africa, Bahrain (ninth) was the only country to make the top-10 list, and the United Arab Emirates and Oman placed 11th and 12th, respectively.

  • Kuwait ranked ‘worst country for expats,’ says new report

    Kuwait has ranked as the “worst country for expats” in a recent report by the InterNations’ 2023 Expat Insider. Kuwait was identified as the worst country for expatriates to live and work in among 53 destinations. The report assesses countries based on various parameters, including quality of life, ease of settling in, working abroad, personal finance, and expat essentials.

  • Can Kuwait Get Its Oil Strategy Back on Track?

    The Kuwait Petroleum Corporation has been unable to reach its 2020 oil exploration and production capacity targets, and the Al-Zour refinery project has been beset by delays, leading to billions of dollars in unrealized revenue. As consumers turn away from fossil fuels – a process accelerated by the Ukraine war – Kuwait runs the risk of leaving part of its untapped hydrocarbon resources in the ground.

  • Will Iran vs. Kuwait-Saudi Arabia on gas field turn into trilateral deal?

    Kuwait and Saudi Arabia have “rejected” Iranian plans to commence drilling in a shared gas field. The contention over the offshore natural resource is rooted in the lack of demarcated maritime boundaries between Iran and Kuwait. While rival claims to the field have been longstanding, the dispute has gained prominence as Iran is pursuing rapprochement with both Kuwait and Saudi Arabia.

  • Kuwait’s $700 Billion Wealth Fund KIA Eclipsed by Flashier Mideast Peers

    The KIA invested just $2.8 billion last year, compared with $25.9 billion by the Abu Dhabi Investment Authority and $20.7 billion by Saudi Arabia’s Public Investment Fund, according to boutique adviser and data firm Global SWF. While the funds’ often-secretive transactions can be hard to track with precision, similar estimates from Javier Capapé, who specializes in sovereign entities at Spain-based IE University, confirm the trend.

  • Saudi, Kuwaiti women embark on quest of a lifetime

    The hike will take five to six months to complete and will cover 4,265 km, 26 national forests, seven national parks, five state parks and 33 federally mandated wildernesses. They are aiming to finish the PCT by the end of September or in the beginning of October by averaging 32 km per day.

  • Can Kuwait Grasp the Dorra Gas Pearl?

    Al Durra means “the pearl” in Arabic – but from Kuwait’s point of view, it is a pearl glinting at the bottom of the sea, tantalizingly out of reach. The large Al Durra, or Dorra, gas field lies in the Gulf between Kuwait, Saudi Arabia, and Iran. Recent pronouncements and claims – including the March Saudi-Iranian agreement to normalize diplomatic ties – raise again the controversial question of who will grasp this treasure.