U.S. Defense Secretary To Travel To Gulf Countries Next Week

WASHINGTON – – U.S. Defense Secretary Lloyd Austin will travel to Saudi Arabia, Qatar, Bahrain and Kuwait next week, the Pentagon said on Friday, in a ‘thank you’ tour for allies and troops that helped in the massive U.S. – led airlift from Afghanistan after Taliban takeover. Austin planned to leave on Sunday and meet … More U.S. Defense Secretary To Travel To Gulf Countries Next Week

U.S. Defense Secretary Thanks GCC Countries For Their Role In Afghanistan Evacuation

Milan / Italy – – The U.S. Secretary of Defense Loyd J. Austin III on Tuesday thanked members of the Gulf Cooperation Council (GCC) countries for their roles in Afghanistan evacuation efforts, according to press releases In a phone call with United Arab Emirates ‘ Sheikh Mohammed bin  Zayed (Crown Prince of Abu Dhabi), Secretary … More U.S. Defense Secretary Thanks GCC Countries For Their Role In Afghanistan Evacuation

Kuwait Seeks Investors To Finance Three Power Projects

Milan / Italy – Kuwait plans to attract outside investors to fund several power projects under a public – private partnership programme that will cover more than half of its future electricity over the next two decades, a government official said. About 7,500 megawatts (MW) of the 14,000 MW it needs over the next 20 … More Kuwait Seeks Investors To Finance Three Power Projects

Afghan Evacuees Start Arriving In Kuwait, U.S. Envoy Says

Abu Dhabi/United Arab Emirates – – The first flight carrying at – risk Afghan evacuees arrived in Kuwait, with has approved passage for 5,000 under an agreement with the United States following the Taliban takeover of Afghanistan, the U.S. envoy said on Tuesday. Ambassador Alina Romanowski said in a Twitter post that the flight arrived … More Afghan Evacuees Start Arriving In Kuwait, U.S. Envoy Says

Kuwait Finance Minister Offers Resignation – Government Source

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

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

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

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

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