ADNOC Drilling will acquire a 70% stake; Boost to its regional expansion plan through eight operating land drilling rigs and contracts with NOCs
Kuwait
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
GCC real estate
GCC real estate hits $78.2bn in Q1; Abu Dhabi, Sharjah and Ajman fastest growing markets
GCC real estate sector led by Dubai, but other UAE cities see fastest growth
Kuwait
Kuwait traffic laws: new fines for jumping red light, using mobile phone and reckless driving revealed
Kuwait introduces new traffic laws with increased fines for violations
Kuwait
Kuwait Waterfront Development phase 2 completed; 4,000 parking spaces, cycle tracks and parks added
Kuwait Waterfront Development to boost tourism offering in the country
Jazeera Airways
Kuwait’s Jazeera Airways launches Summer 2025 campaign
Jazeera Airways launches Summer 2025 campaign with 700,000 seats to varied destinations
Ford
Ford Middle East moves up a gear with 23% sales surge
Ford has seen best sales figures in a decade as it expands in the Middle East
Aluminium tariffs
How US tariffs could impact GCC banks and economy
Fitch Ratings analysis looks at potential impact of US tariffs on GCC banks and economy
OPEC
OPEC+: Saudi, UAE, Kuwait, Oman and others announce oil production increase
Eight OPEC+ countries, including Saudi, UAE, Kuwait and Oman, have agreed to increase oil production
Abu Dhabi
Eid Al Fitr holidays in the GCC; Dubai’s 100 most influential people; UAE petrol prices to change; Royal baby announced – 10 things you missed this week
Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories this week