Kuwait

Kuwait's Cabinet approved a draft decree-law on the Unified Excise Tax Agreement for GCC countries and its amendment, moving the country closer to applying the tax first agreed by Gulf states in 2016.

Gulf ministers called for joint industrial projects, data centers and a unified export corridor at the World Investment Forum in Doha, as the GCC put the stock of foreign direct investment in member states above $792 billion.

Foreign direct investment into the six GCC states rose 18% to $98.5 billion in 2025, the highest in at least a decade, UNCTAD said, while warning that the Hormuz crisis has sharply weakened investment in 2026.

Tourism revenue in the six Gulf Cooperation Council states rose 9.7% to $131.9 billion in 2025, while tourist arrivals grew 4.9% to 75.7 million, GCC-Stat said.

Kuwait is willing to extend the price cap that Q8 has applied to gasoline and diesel in Italy, Italian government sources said on Friday after Prime Minister Giorgia Meloni met Kuwait's emir.

The International Monetary Fund expects Gulf Cooperation Council economies to contract 4.8% this year before growing 9.1% in 2027.

Kuwait has suspended the files of 10,000 companies with five or more workers that failed to pay salaries for between one year and 18 months, First Deputy Prime Minister and Minister of Interior Sheikh Fahad Yousef Saud Al-Sabah said.

Gulf and British officials meeting in London on Tuesday pressed to complete the steps needed for the GCC-UK free trade agreement to take effect, as the Gulf bloc's chief negotiator put its potential annual benefit to the region at about $5 billion.

The International Monetary Fund expects Middle East GDP to contract in 2026 as the regional conflict continues to disrupt economic activity. However, the organisation...

Kuwait Business activities are expanding with seven newly approved commercial classifications. The changes introduce new opportunities across maritime services and specialized manufacturing. The new...

Kuwait and China Relations have expanded across trade, investment, energy, technology, and infrastructure. Chinese Ambassador to Kuwait Yang Xin highlighted the growing partnership on...

The ICAO Iran Attacks decision has highlighted growing concerns over aviation safety across the Middle East. The international aviation body condemned attacks against the...