Armenia welcomes tourism and business with visa-free travel for UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain
Kuwait
Kuwait
Kuwait announces mandatory exit permits for expats from July 1
New Kuwait expat rules require workers to submit exit requests to employers
Kuwait
Kuwait reports massive 83% reduction in traffic violations
Traffic-related deaths down 55 per cent as Kuwait introduces new road rules
Artificial intelligence
Kuwait Investment Authority enters AI race by joining MGX-backed AIP
The Kuwaiti sovereign wealth fund becomes the first non-founder financial anchor investor to join the company formed by MGX, Microsoft and BlackRock
defence
UAE defence firm signs $2.45bn missile boat deal with Kuwait
UAE defence giant Edge will supply Kuwait with missile boats as part of $2.45bn naval deal
Eid
Eid Al Adha 2025: UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain announce holidays
Official holidays for Eid Al Adha have been announced in the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain
kuwait oil production
OPEC+ countries announce oil production increase
OPEC+ countries including Saudi Arabia and UAE announce increase to oil production levels
Abu Dhabi
ADNOC Drilling forms JV with SLB for Kuwait and Oman business
ADNOC Drilling will acquire a 70% stake; Boost to its regional expansion plan through eight operating land drilling rigs and contracts with NOCs
China
China announces visa-free travel for Saudi, Oman, Kuwait and Bahrain
China has announced visa-free travel for all GCC nationals
Alpen Capital
GCC will need 2,800 new schools for extra 1.5m students by 2029
Increasing population and high importance of education will see student numbers soar and high demand for new schools and education establishments
renewable
Kuwait sets 50% renewable energy target
Kuwait aims to make half of all electricity usage come from renewable sources by 2050
Primark to enter Middle East market with first stores in UAE, Kuwait
Ireland-based fashion retailer Primark will open its first GCC stores in partnership with Alshaya Group, marking its 18th and 19th global markets
Blacklane
Blacklane announces Kuwait chauffeur expansion
Blacklane now offering premium chauffeur ride service in Kuwait
Boursa Kuwait
Boursa Kuwait net profit soars 69.5% as trade increases significantly
Q1 net profit reaches $25.9mn as value traded jumps to $21.9bn from $11.54bn; Operating revenues reach $39.7mn
crypto
Kuwait bans cryptocurrency mining
Kuwait has banned cryptocurrency mining and is cracking down on the activity due to strains on electricity network
Eid
Kuwait announces Eid Al Adha 2025 holiday
Kuwait Cabinet announces dates for Eid Al Adha 2025 holiday