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The Kuwaiti Sovereign Fund also known as the Kuwait Investment Authority (KIA), has remained world’s third largest sovereign funds with assets on the increase, about $45 billion, reports say. The new ranking by The International Institute for Global Sovereign Funds Read more
OPEC has appointed Kuwait’s oil veteran Haitham al-Ghais as its new Secretary general, as the bloc and its allies are hoping that a volatile oil market will be tamed enough to allow a return to pre-pandemic production levels. Ghais, forme Read more
A criminal court in Kuwait on Tuesday handed sentences from five to fifteen years in prison to six judges for “bribery, forgery and money laundering”, reports say. In connection with the case, the court acquitted a judge, fined another 5,000 Read more
Kuwait’s Interior ministry has deported after interrogation two Egyptians charged for providing financial support to Iran-backed and Lebanese powerful movement Hezbollah, blacklisted terrorist organization by several western countries, reports say. The two Egyptians not identified, were considered threat to the Read more
Gulf Cooperation Council (GCC) leaders have reiterated their unwavering support to Morocco’s territorial integrity and sovereignty over its entire Sahara territory. In their joint statement issued Tuesday following the 42nd Session of the GCC Supreme Council held in Riyadh, the Read more
Kuwait has received two Eurofighters jets of 28 ordered by the Gulf country, Defense News reports, citing Italy’s aerospace company Leonardo. The two aircraft flew from Italy, where they were assembled, with refueling escort provided by two Italian air force Read more
The largest private company in Sudan, DAL Group, has made an offer of $1.3 billion to Kuwait’s largest telecom operator Kuwait Zain to acquire 100 per cent of Zain Sudan and Kuwaiti Sudanese Holding Co. The offer nonbinding came from Read more
UAE Tuesday conferred the Order of Zayed, the country’s highest civilian award on Saudi Crown Prince Mohammed bin Salman (MbS) in recognition of strong historical ties and bilateral relations between the two countries, reports say. The facto Saudi ruler arrived Read more
The Arab Fund for Social and Economic Development (AFESD) is expected to sign an agreement with one of the Egyptian banks to finance SMEs with $30 million, Arab Finance reports. The future new funding comes on top of the ongoing Read more
Kuwait’s first private airline Jazeera Airways has placed orders for 28 airbus aircrafts for a value of $3.4 billion (KWD 1.03) as part of plans to expand and renew fleet. The orders concerns 20 A320neos and eight A321neos. Per the Read more