Category: Gulf

Kuwait Finance Minister Offers Resignation – Government Source

August 19, 2021

Milan / Italy – Kuwaiti Finance Minister Khalifa Hamade has offered his resignation to the prime minister of the oil – rich Gulf emirate, two government sources said on Wednesday. The sources said Hamade felt ‘marginalised’ in decision – making, including on selecting the board of sovereign fund Kuwait Investment Authority, which was appointed by … More Kuwait Finance Minister Offers Resignation – Government Source

Kuwaiti Cabinet OKs Draft Decree Naming New Minister Of Emiri Diwan Affair

August 12, 2021

The Kuwaiti Cabinet on Wednesday approved a draft decree appointing Sheikh Muhammad Abdullah Al – Mubarak as Minister of Emiri Diwan Affairs, two weeks after the previous minister was abruptly dismissed. The decree was submitted to the Emir of Kuwait, Sheikh Nawaf Al – Ahmad Al – Sabah, the cabinet said in a statement. The … More Kuwaiti Cabinet OKs Draft Decree Naming New Minister Of Emiri Diwan Affair

Kuwait Wealth Fund Appoints Interim Managing Director

August 11, 2021

The Kuwait Investment Authority (KIA), the Gulf country’s sovereign wealth fund, has appointed Basr al – Ajeel as interim managing director pending a permanent appointment, a source familiar with the matter said  on Wednesday. The KIA last week appointed a new board of directors but hadn’t names a new managing director. The term of the … More Kuwait Wealth Fund Appoints Interim Managing Director

Kuwait’s Emir Appoints KIA Bord For Four Years

August 9, 2021

Kuwait’s emir on Saturday issued a decree appointing the Kuwait Investment Authority’s (KIA) board of directors for four years, the state news agency (KUNA) reported. The Gulf state’s sovereign wealth fund board consists of Khaled Al – Fadhel, Meshall Jaber Al Sabah, Fahad M AL – Rashed, Faisal Al – Hamad and Ghanem Suleiman Saqr … More Kuwait’s Emir Appoints KIA Bord For Four Years

Kuwait’s 2020 – 21 Budget Deficit Increases 175% To Record 10.8 Bln Dinars

August 8, 2021

Kuwait’s budget deficit increased 174.8% in the 2020 – 21 year to 10.8 billion dinars ($35.5 billion), the finance ministry said on Saturday, nothing it was the highest deficit in the country’s fiscal history. Revenue dropped to 10.5 billion dinars in the financial year that ended on March 31, down 38.9%, while expenditure increased 0.7% … More Kuwait’s 2020 – 21 Budget Deficit Increases 175% To Record 10.8 Bln Dinars

Oman Confirms Asphalt Princess Tanker Had Been Hijacked in Arabian Sea

August 5, 2021

Oman provides first official confirmation on Wednesday that the Asphalt Princess tanker was involved in a hijacking in the Arabian Sea after Britain’s maritime trade agency earlier reported the incident was over. Three maritime security forces had told Reuters on Tuesday that the Asphalt Princess tanler had neem seized by suspected Iranian – backed forces, … More Oman Confirms Asphalt Princess Tanker Had Been Hijacked in Arabian Sea

Oman Extends Nightly COVID – 19 Lockdown

July 29, 2021

Oman on Thursday extended a nightly locdown to contain the spread of the coronavirus, with movement and commercial activities to be restricted between 10 P.M. and 4 A.M. until further notice, the government said. Cases in the country of around 4.5 million people, which has continued to impose movement and commercial restrictions on and off … More Oman Extends Nightly COVID – 19 Lockdown

Qatar Emir Appeals To All Parties In Tunisia Political Crisis To Pursue Dialogue

July 29, 2021

Qatar Emir Sheikh Tamim bin Hamad al – Thani appealed to all parties in the current political crisis in Tunisia to adopt a path of dialogue in a phone call with Tunisian President Kais Said on Wednesday, the emir’s office sai.d The emir also stressed ‘the importance of fixing foundations of the state of institutions … More Qatar Emir Appeals To All Parties In Tunisia Political Crisis To Pursue Dialogue

Qatar Expands Fish Farming As Climate Change Affects Sea Stocks

April 29, 2021

Qatar plans to expand fish farming to meet growing demand for fish in local markets and maintain stocks in offshore Gulf waters in the face of devastating climate change. Although fish in the Gulf have generally adapted  to higher water temperatures, the frequency and scope of coral reef bleaching in recent years suggest the region … More Qatar Expands Fish Farming As Climate Change Affects Sea Stocks

Oman Imposes Strict COVID-19 Measures During Ramadan

April 6, 2021

Oman will be imposing strict measure during the holy month of Ramadan to limit the spread of the coronavirus, the country’s health ministry announced on Monday. Ramadan – which will start on April 13 or 14 pending the moon sighting – is the month when Muslim fast from sunrise to sunset. It is often celebrated … More Oman Imposes Strict COVID-19 Measures During Ramadan